| Emitents | SAF Tehnika, AS (48510000F6NVA4T63P67) |
| Veids | Finanšu pārskati |
| Valoda | EN |
| Statuss | Publicēts |
| Versija | |
| Datums | 2011-08-10 16:17:56 |
| Versijas komentārs | |
| Teksts |
The Company’s non-audited net sales for 12 months of the financial year 2010/11 were 10.9 million LVL (15.5 million EUR) representing a year-on-year increase of 7%. Sales in the Asia Pacific, Middle East and Africa region formed the largest sales proportion (37%) comprising 4.05 million LVL (5.76 million EUR) although it was by 32% less than in previous financial year 2009/10. Sales have increased year-on-year both in Americas and Europe, CIS regions. The USA maintained its high business activity in spite of the economic collapse threat and protracted discussions on budget issues in the U.S. Congress. At the time when some large wireless Internet service providers in North America were struggling to fight off bankruptcy and competition among microwave suppliers had become more fierce, SAF Tehnika did capitalize on this opportunity by broadening the distribution network and strengthening the Company’s presence in the region - 68% sales increase was in Americas reaching 3 million LVL (4.3 million EUR). 55% increase was recorded for Europe, CIS amounting to 3.8 million LVL (5.5 million EUR). The net profit of SAF Tehnika for the 12 months of financial
year 2010/11 was 780 thousand LVL (1.1 ,million EUR)
representing 52% of the net profit of previous financial year
2009/10.
SAF Tehnika’s non-audited net sales for the fourth quarter of
financial year 2010/11 were 1.99 million LVL (2.84 million
EUR), representing 53% of the fourth quarter of the previous
financial year. Reporting quarter was the weakest in this financial
year unlike from last financial year 2009/10 when fourth quarter
was the best.
Sales in Americas represented the largest part of
4th quarter’s turnover (48%) where sales rose by 40% or
271 thousand LVL (386 thousand EUR) compared with the same quarter
of the previous corresponding period.
Sales in Europe and CIS region formed 28% of quarterly sales,
but were by 45% lower than in the 4th quarter of the
previous financial year. The largest impact in quarterly sales
comparative year-to-year decrease was from sales in Asia Pacific,
Middle East and Africa region where sales dropped by 77% or 1.56
million LVL (2.22 million EUR). The main reason for decrease was
the lack of similar scale projects in the fourth quarter of 2010/11
and various long-term project finalization in the third
quarter.
The net loss of SAF Tehnika for the fourth quarter of
financial year 2010/11 was -108 thousand LVL
(-154 thousand EUR). This is the result of comparatively low
sales during the quarter, additional provisions made for doubtful
debtor and losses from foreign exchange.
It should be noted that according to the third parties
research, total global shipments of point-to-point radios in the
calendar year 2010 have decreased by 9.3% compared to 2009.
Nevertheless, SAF Tehnika has gained 50% larger market share, thus
taking the 12th position in the world rankings instead of the no.
17 the year before.
The demand for wireless transmission products is expected to
be high over the coming years and SAF Tehnika, by elevating the
focus on the Company’s core competencies will continue to create
new products that meet clients evolving needs and preferences.
Furthermore, the Company has recently completed a long-term product
development strategy focusing on the next-generation products and
we are looking forward introducing the new version of CFIP Lumina
in the near future. License-exempt SAF FreeMile products will be
further developed and the deliveries of long-haul point-to-point
microwave radio CFIP Marathon will grow as the demand of this Full
Indoor unit is expected to rise in all regions, including Middle
East, Asia Pacific and North America.
Additional_information:
Aira Loite CFO Phone: +371 67046833 Mailto: Aira Loite |
| Pielikumi |