14/02/2020

Net Insight Year-end Report January – December 2019

Quote from interim CEO Anders Harrysson: “Eventful quarter with divestment of Sye"

October – December 2019

  • Net sales for continuing operations, i.e. excluding Streaming Solutions, amounted to SEK 105.2 (106.0) million, a decrease of -0.7% year-on-year. In comparable currencies net sales decreased by -4.9%.
  • Operating earnings for continuing operations amounted to SEK -24.1 (-50.6) million, corresponding to an operating margin of -22.9% (-47.8%).
  • Excluding items affecting comparability of SEK -20.1 (-37.1) million, operating earnings for continuing operations amounted to SEK -4.0 (-13.5) million.
  • Net income for the period for the Group, including Streaming Solutions, was SEK -27.6 (-47.9) million.
  • Earnings per share, basic and diluted, for the Group including Streaming Solutions, was SEK 0.07 (-0.13).
  • Total cash flow, for the Group including Streaming Solutions, was SEK -14.3 (-18.5) million.

January – December 2019

  • Net sales for continuing operations, i.e. excluding Streaming Solutions, amounted to SEK 448.6 (449.5) million, a decrease of -0.2% year-on-year. In comparable currencies net sales decreased by -5.6%.
  • Operating earnings for continuing operations amounted to SEK -3.6 (-34.1) million, corresponding to an operating margin of -0.8% (-7.6%).
  • Excluding items affecting comparability of SEK -24.9 (-44.0) million, operating earnings for continuing operations amounted to SEK 21.3 (9.9) million.
  • Net income for the period for the Group, including Streaming Solutions, was SEK -32.2 (-58.2) million.
  • Earnings per share, basic and diluted, for the Group, including Streaming, Solutions, was SEK -0.08 (-0.15).
  • Total cash flow for the Group, including Streaming Solutions, was SEK -41.2 (-85.5) million.

Significant events:

  • Crister Fritzson appointed CEO, to assume position no later than April 14 2020
  • Agreement regarding divestment of Sye
    • Streaming Solutions to be disclosed separately as Discontinued operations

Significant events after the period:

  • Divestment of Sye completed on January 3, 2020

The Year-end report 2019 can be found on netinsight.net

For further information, please contact:
Anders Harrysson, interim CEO Net Insight AB, +46 8 685 04 00, anders.harrysson@netinsight.net

About Net Insight

Net Insight is a global leader in media networks, resource optimization and streaming solutions. With more than 20 years’ experience, Net Insight is a trusted and important partner and a leading force in the media tech industry in creating a better media experience.

Net Insight is powering the evolving media business in a connected world where technology enables seamless meetings between producers, distributors and consumers of content – regardless of geographical location, technical resources or distribution network. With its deep market knowledge and insight, genuine customer focus and world-leading innovative technology, Net Insight makes it easier to create and deliver better content in a more reliable and effective way. Net Insight is driven by the idea that everything can always be done smarter, for both its customers and their customers.

More than 500 world-class customers run mission-critical media services using Net Insight’s solutions in more than 60 countries worldwide. Net Insight is listed on Nasdaq Stockholm.

For more information, please visit netinsight.net

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