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SAF Tehnika Consolidated Interim Report for Q2 and 6 months of financial year 2021/2022
Emitents SAF Tehnika, AS (48510000F6NVA4T63P67)
Veids 3.1. Papildu regulētā informācija, kas ir jāatklāj saskaņā ar dalībvalsts tiesību aktiem
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Datums 2022-02-09 17:30:53
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Teksts

In the second quarter of the financial year 2021/2022, the Group’s unaudited consolidated net turnover was 9.2 million euros, which is 37% more than in the second quarter of the FY 2020/2021. The Group ended the second quarter of the financial year 2021/2022 with a profit of EUR 1.97 million (unaudited). The unaudited consolidated result for the 6-month period of the financial year 2021/2022 is profit of EUR 3.49 million.

The turnover in North and Latin Americas was 45% or EUR 4.1 million. Compared to the turnover in the same quarter of the previous financial year, the turnover decreased by 9%.

The turnover in Europe and CIS countries amounts to 45% or EUR 4.1 million, which is 2.5 times more than in the 2nd quarter of the previous financial year. The turnover of the AMEA (Asia, Middle East, Africa) region grew by 37%, compared to the corresponding quarter of the previous financial year, and accounts for 10%, or EUR 932 thousand.

In the reporting quarter, the Group’s products were sold in 62 countries.

The Group’s unaudited consolidated turnover for the 6-month period of the financial year 2021/2022 was EUR 16.97 million, which is 49% more than the amount of revenue in the previous financial year.

The Group’s expenditures did not exceed the planned volumes and were generally higher than in the same period a year earlier, which is due to the increase in the number of employees, investment in sales promotion in existing and new market segments. The Group continues to invest in the development of new products and modification of existing products.

The unaudited consolidated result for the 6-month period of the financial year 2021/2022 is profit of EUR 3.49 million. The Group’s profit for the 6 months of the previous financial year 2020/2021 was EUR 1.14 million. The Group’s net cash balance at the end of the period was 4.8 million euros.

In early December, a new e-commerce platform was opened, where all Aranet products are available to customers from both Europe and the United States. In addition, development of the Aranet4 application was carried out to improve its usability.

The Group’s operations are affected by the global shortage of various electronic components. By regularly reviewing supply volumes and deadlines, the company continues to accumulate material reserves in order to be able to fulfil most of the orders within normal lead times. This applies to all SAF product families – microwave links, Spectrum Compact and Aranet.

The Group continues to explore market demand and problematic issues in order to be able to provide necessary product modifications, as well as continues investments in product development. The goal of the Company is to stabilize sales levels to ensure a positive net result in the long term.

 

 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 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
         www.saftehnika.com

Pielikumi
6M FY21_22_SAF_results ENG.pdf (399.89 kB)