Teksts
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SAF Tehnika's (further Group) non-audited net sales for the
third quarter of financial year 2012/13 were 2.57 million LVL (3.66
million EUR), increasing by 20% compared to the third quarter of
the previous financial year. Meanwhile the sales remained on the
same level only posting a slight 4% decrease when compared to the
previous reporting quarter of the current financial year (Q2 FY
2012/13). The Group reached the financial results by continuing to
supply existing projects as well as attracting new business in the
strategic markets.
The European, CIS region retained stable sales levels and posted a
8% growth comparing to Q2 FY 2012/13 at the same time growing
significantly (20%) against the respective reporting quarter of the
previous financial year.
Due to lower activity in existing projects and political
instability in markets where Group is present the revenue from
Asia, Middle East and Africa region decreased by 31% or 0.2 million
LVL (0.29 million EUR) from the previous reporting quarter of the
current financial year, meanwhile also showing a 38% year-to-year
sales drop. Consequently the region generated only 18% from the
total turnover of the reporting quarter, opposed to 34% in the
respective reporting quarter of the previous year.
The Americas region which already previously proved to be a
strategic region continued to grow both for CFIP Lumina product
sales as well as further expanding FreeMile product line posting a
combined growth of 36% or 0.3 million LVL (0.43 million EUR)
compared to the previous reporting quarter of the current financial
year. Consequently the region retained a 42% turnover share from
the total group’s turnover of the reporting quarter.
The Group decreased the allowances for bad debtors and made
financial gains from favorable USD to LVL, foreign exchange rates
positively contributing to the reporting quarter’s profits.
The Group ended third quarter of 2012/13 financial year with a net
profit of 270 thousand LVL (384 thousand EUR), which represents an
increase of 245 thousand LVL (349 thousand EUR) when compared to
respective quarter of previous financial year.
The Group has always focused on responding to customer and market
requirements. Following an extensive R&D activity the Group
prepares to launch the first products from a new generation product
line supporting extended functionality that addresses many
requirements of the existing and potential Group’s customers.
Throughout the remaining year Group is determined to complete the
whole product line.
The Group will continue to focus on strategic niche markets
offering current and new products, customized solutions for
specific clients as well as launching promotions for the new
product line. Additionally the Group will continue developing it’s
managed services offering.
The Group remains financially stable and with positive outlook for
the next operating periods. Meanwhile due to market competition
pressures and dependencies on customer and market activities, the
Board of the Group avoids giving any forward-looking sales and
financial result statements.
Additional_information:
Aira Loite
Member of the board, COO
Phone: +371 67046833
Mailto: Aira Loite
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