JSC “HansaMatrix” audited consolidated and parent company Financial and Corporate Governance report for financial year 2017
Emitents HansaMatrix Akciju sabiedrība (529900S1YDO0MHC8K318)
Veids 1.1 Gada finanšu pārskati un revīzijas ziņojumi
Valoda EN
Statuss Publicēts
Versija
Datums 2018-04-10 13:01:30
Versijas komentārs
Teksts

Net turnover of JSC “HansaMatrix” Group in the financial year 2017 was EUR 19.65 million, which is 15.8% more than in the previous financial year 2016. The Group reported operational cash flow EBITDA as EUR 3.660 million, which is 65.2% more and net profit EUR 1.678 million, which is 205% more than respective figures in the previous financial year 2016. Higher EBITDA cash flow and net profit results in 2017 were achieved mostly due to stronger demand for manufacturing of higher added value products.

JSC “HansaMatrix” Group completed the 2017 reporting period with net turnover of EUR 19.65 million, which is 15.8% greater than the EUR 16.96 million reported during the previous period. During the reporting period, the Group reported EBITDA result of EUR 3.660 million, compared to EUR 2.215 million in 2016; the net profit was EUR 1.678 million, compared to EUR 0.551 million in 2016.

Higher EBITDA cash flow and net profit results in 2017 were achieved mostly due to stronger demand for manufacturing of higher added value products and also due to R&D (research and development) services provided by the Group.

JSC “HansaMatrix” Parent Company completed the 2017 reporting period with net turnover of EUR 19.48 million, which is 14% greater than the EUR 17.08 million reported during the previous period. During the reporting period, the Parent company reported EBITDA result of EUR 2.444 million, compared to EUR 1.700 million in 2016; net profit was EUR 1.226 million compared to EUR 0.542 million in 2016.

The majority of JSC “HansaMatrix” business clients are in the Baltic and Nordic countries. The greatest growth was achieved in the Baltic countries and other European Union countries.

In 2017, the net turnover in the Baltic region grew by 19% in comparison to 2016. This is due to the growing demand from data network infrastructure and other market niche clients in the Baltic region. In other EU countries, a 16% growth reflects the growing demand for data network infrastructure and industrial products. In the Nordic region, the business grew by 1%. In 2017, the Group’s sales in third countries totaled EUR 608 thousand.

JSC “HansaMatrix” sales focus on four major market segments: data network infrastructure products, the Internet of Things, industrial products, and other.

The largest market share in 2017 was data network infrastructure accounting for 52% of sales, up by 45% compared to the previous year. The second largest segment is that of industrial products with a 34% share of sales, where the growth was more moderate - up by 10% compared to the previous period. The third largest segment in terms of volume represents all other products with a 9% of the market share and a 38% sales decrease and the Internet of Things with a 6% share, up by 4% compared to 2016.

During the 12-months of 2017, the JSC “HansaMatrix” invested approximately EUR 2 million in increasing production capacity, research instruments, test systems and development of new products.

The Management Board of JSC “HansaMatrix” proposes that dividends in the amount of 146 350.48 EUR or EUR 0.08 per share to be distributed to shareholders in two equal tranches, with payment dates May 25, 2018 and November 15, 2018, respectively.

Attachments:

  • JSC “HansaMatrix” Audited Consolidated and Parent Company’s financial reports for the financial year 2017
  • Corporate Governance report for financial year 2017

Investor and media contact:

Māris Macijevskis
Finance director
Phone: (+371) 6780 0002
E-mail: invest@hansamatrix.com

http://www.hansamatrix.com

About JSC “HansaMatrix”

HansaMatrix is a fast-growing, high-technology company offering product design, industrialization and complete manufacturing services in data networking, Internet of Things, industrial segments and other services to high added value business segments. In addition to complete manufacturing services of OEM products, the company offers an ODM business model to both start-up and established companies that seek product development partnerships.

Pielikumi
HMX_Cons_FS_2017_ENG.pdf (4373.96 kB)
HMX_CGR_2017_EN.pdf (534.18 kB)