For Q4 of the FY 2014/2015, the Group’s unaudited consolidated net turnover was 3.22 million euros, which is by 7% or 0.2 million euros less than in Q4 of the previous financial year, but by 17% more than in Q3 of this financial year. The Group closed Q4 of the FY 2014/2015 with 278 thousand euros profit, and the consolidated non-audited result for 12 months of the FY 2014/2015 was 1.2 million euros profit, which is greater by 1.1 million euros as compared to the Group’s result for 12 months in the previous FY 2013/2014 (127 thousand euros).  

For Q4 of the FY 2014/2015, the Group’s unaudited consolidated net turnover was 3.22 million euros, which is by 7% or 0.2 million euros less than in Q4 of the previous financial year, but by 17% more than in Q3 of this financial year.

Almost half of the turnover of the reporting quarter (47%) was made by revenues from North/Latin Americas, while the region’s turnover decreased by 20% and 0.38 million euros as against the same quarter last year, but was by 7% more than sales volumes in Q3 this year, thus at large equalizing revenue distribution by quarters. Sales in the European and CIS region totaled 44% from the Q4 turnover. The region’s turnover rose by 6% as compared to sales in the same quarter of the previous FY and was by 55% or 0.5 million euros more than in Q3 FY 2014/15, owing to the Group’s ability to provide necessary products and services to specific customers. However, the CIS part in the region’s revenue is still rather small. Sales in the AMEA (Asia, Middle East, Africa) region equaled 9% of the turnover during the quarter and rose by 30% as against Q3 of the previous FY, but a bit less than in Q3 of this FY.  

For 12 months of the FY 2014/2015, the Group’s unaudited consolidated net turnover was 12.82 million euros, which represented 7% increase comparing to revenues generated in the respective period of the previous financial year.

The consolidated non-audited net result of the Group for Q4 of the FY 2014/2015 was 278 thousand euros profit.

The consolidated non-audited net result of the Group for 12 months of the FY 2014/2015 was 1.2 million euros profit, which is greater by 1.1 million euros as compared to the Group’s result for 12 months in the previous FY 2013/2014 (i.e. 127 thousand euros).

The Group’s net cash flow for the 12 month period of the financial year was positive – 237 thousand euros.

SAF Tehnika is the company with the long-term competence in the market niche of microwave radio, proven capable to deliver products of notable quality to general market and to differentiate by developing custom-tailored solutions. The Group is financially stable. The task for the Group is to continue development of next generation wireless data transmission devices focusing on functionality, product cost reduction, customer satisfaction, efficient production, and internal operations. The goal is to regain sales levels to ensure a positive net result in the long term. Due to the intense competitive pressure, the Board of SAF Tehnika cannot provide certain prognosis for sales figures and operational results.About SAF Tehnika.

„SAF Tehnika” JSC is an ISO certified wireless data transmission equipment manufacturer. The company's products are produced in Latvia, Europe and sold in over 130 countries worldwide. „SAF Tehnika” has been listed on NASDAQ OMX Riga since 2004. SAF Tehnika wholly owns subsidiaries “SAF North America” LLC and  “SAF Services” LLC. Both of the mentioned companies are operating from Denver, CO, USA serving North American market. 

Additional information:
Zane Jozepa 
CFO, Member of the Board 
+371 67 046 833 
zane.jozepa@saftehnika.com