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AS HansaMatrix Consolidated Interim Report for third quarter and 9 months of 2018
Emitents HansaMatrix Akciju sabiedrība (529900S1YDO0MHC8K318)
Veids 2.2. Iekšējā informācija
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Datums 2018-11-21 17:11:04
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During the third quarter of 2018 AS HansaMatrix unaudited consolidated net turnover decreased by 4% compared to the third quarter of 2017 and reached 5.005 million EUR; reported EBITDA result was 31% lower, and reached 0.777 million EUR, net profit amounted to 0.153 million EUR, demonstrating 71% decrease to the same period of 2017. During the period of 9 months of 2018 unaudited consolidated net turnover reached 16.090 million EUR, up by 11%; reported EBITDA result was 2.801 million EUR, down by 2% and net profit was 1.058 million EUR, decrease by 11% in comparison with 9 months of 2017. Results represent 9 month EBITDA margin of 17.4% and 9 month net profit margin of 6.6%.

During the third quarter of 2018 the Company reported turnover of 5.005 million EUR - decrease by 4% in comparison to the same period of 2017. The third quarter 2018 sales results also showed 4% sales volume decrease in comparison with previous quarter – 2018 Q2.

During first 9 months of 2018 the Company reported sales volume increase by 11% compared to the same period of 2017 and reached turnover of 16.090 million EUR.

During 2018 Q3 the Company reported quarterly EBITDA result of 0.777 million EUR and quarterly net profit result of 0.153 million EUR. The reported EBITDA result showed 31% decrease in comparison with Q3 2017 and 20% decrease compared to the previous quarter, 2018 Q2. 2018 Q3 net profit results demonstrate 71% decrease in comparison with Q3 2017 and 62% decrease compared to previous – Q2 2018. Reporting period results represent quarterly EBITDA margin of 15.5% and net profit margin of 3.1%.

During first 9 months of 2018 (“9m”) the Company reported EBITDA result of 2.801 million EUR and net profit result of 1.058 million EUR. The reported EBITDA result shows 2% decrease in comparison with 2017 9m. The 9 month net profit results for 2018 demonstrate 11% decrease in comparison with 2017 9m. Results represent 6 month EBITDA margin of 17.4% and 9 month net profit margin of 6.6%.

2018 9m results and the achieved y-o-y growth level reflect the firm commitment of the Company to execute its growth strategy. Lower 2018 Q3 sales in comparison with 2018 Q2 and 2017 Q3 sales are to some extent explained by the particular electronic component deficit in the global market and by, previously reported in the Company 2018 Q2 financial report, fire event that broke out in 2018 Q3 in one of AS HansaMatrix client’s wharehouses and was expected to have negative impact on AS HansaMatrix data networks segment sales in 2018 Q3 and Q4 due to supply chain delivery times of additional new components. This fire accident is not expected to impact the segment sales volume in the longer term. EBITDA and net profit margins in Q3 2018 and 9m 2018 have decreased but remain comparatively strong, influenced by the manufactured product mix with comparably high added value.

Trailing twelve months (TTM) period sales (period starting at October 1, 2017 and ending with September 30, 2018) at 2018 Q3 reported to be 21.216 million EUR, increase of 1% in comparison with TTM period ended at 2018 Q2. EBITDA result for the TTM 12 month period reported to be 3.616 million EUR, decrease by 9% in comparison with 12 month period ended at 2018 Q2. Net profit for TTM period reported 1.391 million EUR, 21% down if compared with 12 month period ended at 2018 Q2. Averaged EBITDA margin for TTM period is reported to be 17.0% and net profit margin for the same period is reported to be 6.6%.

 

Attachments:

  • JSC “HansaMatrix” Unaudited Interim Condensed Consolidated Financial Statements for the 9 month period ended September 30, 2018

  

Investor and media contact:

Māris Macijevskis, CFA Management
Board Member, 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.

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