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SAF Tehnika A/S Interim Report for 12 months of financial year 2009/10 (1st July 2009 – 30th June 2010)
Emitents SAF Tehnika, AS (48510000F6NVA4T63P67)
Veids Finanšu pārskati
Valoda EN
Statuss Publicēts
Versija
Datums 2010-08-11 09:03:37
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Teksts

 

SAF Tehnika's non-audited net sales kept an upward trend. Sales for the fourth quarter of financial year 2009/10 were 3.74 million LVL (5.32 million EUR), representing an 89% increase compared with the fourth quarter of the previous financial year. This was the best quarterly sales result not only in financial year 2009/10, but the best in the last three financial years.
The Company’s non-audited net sales for the 12 months of financial year 2009/10 were 10.23 million LVL (14.55 million EUR) representing a 16% increase compared with the 12 months of financial year 2008/09. The best sales results were reached in the Asia Pacific, Africa and Middle East region where 88% y-o-y growth was reached, amounting to LVL 5.9 million (EUR 8.48 million) in the 12 months of FY 2009/10 and a 33% increase was recorded in America. Sales in Europe and the CIS region were substantially (by 43%) lower than in the previous financial year. This was mostly impacted by very low sales in the CIS. The recent customer survey lists product price, quality and customer support as the key features for choosing SAF Tehnika as the partner.
The net profit of the Company for the fourth quarter of financial year 2009/10 was 1.23 million LVL (1.76 million EUR). The net profit of the Company for the 12 month period of the financial year 2009/10 was 1.47 million LVL (2.1 million EUR) which is by 2.71 million LVL (3.86 million EUR) better than the result for the 12 months of the financial year 2008/09. This is a great result and proves that the Company’s strategy towards development of a new CFIP product line, expansion of direct sales, investments into product marketing, cost savings on production and operations was right and has provided SAF Tehnika a more stable position with positive perspectives. The invaluable work and loyalty of the Company’s employees also has to be mentioned as a key to success.
The main targets for the company in the coming years are to achieve steady growth, maintaining high production quality and customer satisfaction levels. As uncertainty in the global telecommunication market continues the Board of the Company cannot provide certain prognosis towards sales figures despite outstanding results of the reporting financial year.
 
Aira Loite
CFO
+371 67 046 833
Pielikumi
20100810_12M FY10_SAF_results ENG.pdf (258.79 kB)