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HansaMatrix Consolidated Interim Financial Report for the third quarter and 9 months of 2021
Emitents HansaMatrix Akciju sabiedrība (529900S1YDO0MHC8K318)
Veids 2.2. Iekšējā informācija
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Datums 2021-11-15 09:02:28
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Teksts

During the period of 9 months of 2021 revenue reached 17.124 million EUR, increasing by 1%; reported historically highest 9 month EBITDA result 3.322 million EUR, up by 50% in comparison with 9 months of 2020 and net profit amounted to 0.014 million EUR, a significant improvement as compared to the net loss of 0.488 million EUR in 9m 2020. Results represent 9 month EBITDA margin of 19.4% and net profit margin of 0.1%. During the third quarter of 2021 HansaMatrix unaudited consolidated revenue reached 5.254 million EUR, decreasing by 20% compared to the third quarter of 2020; reported EBITDA result was 25% smaller, and reached 0.931 million EUR, net profit amounted to 0.295 million EUR, decreasing by 11% year on year. Quarterly results represent EBITDA margin of 17.71% and net profit margin of 5.62%.

During the third quarter of 2021 the Group reported quarterly revenue of 5.254 million EUR –decrease by 20% in comparison to the same period of 2020. The third quarter of 2021 revenue results showed 13% volume decrease in comparison with previous quarter – 2021 Q2.

During first 9 months of 2021 the Company reported sales volume increase by 1% compared to the same period of 2020, reaching 17.124 million EUR.

During 2021 Q3 the Group reported quarterly EBITDA result of 0.931 million EUR and operated with net profit result of 0.295 million EUR. The reported EBITDA result shows 25% decrease in comparison with Q3 2020 and 19% decrease compared to previous quarter of 2021 Q2. In Q3 2021 the Group reported net profit 0.295 million EUR, decreasing by 11% compared to 2020 Q3, but improving significantly compared to Q2 2021 when the Group operated with 0.327 million EUR net loss. Quarterly results represent EBITDA margin of 17.71% and net profit margin of 5.62%.

During first 9 months of 2021 the Company reported historically highest EBITDA result of 3.322 million EUR and operated with net profit result of 0.014 million EUR. The reported EBITDA result is historically highest and shows 50% increase in comparison with 2020 9 months. In 9 months of 2021, the Company operated with a net profit of 0.014 million EUR, a significant improvement as compared to the net loss of 0.488 million EUR in 9m 2020. In 9m of 2021, the Company operated with 19.4% EBITDA margin and 0.1% net profit margin.

Q3 2021 revenue, EBITDA and EBITDA margin decrease compared to Q3 2021 is explained by the global component deficit impeding manufacturing order execution volumes. 9m 2021 EBITDA result achieved is historically highest and is explained by the increased proportion of high-value added products in manufactured product mix. 9m 2021 EBITDA and net profitability results are significantly better on year-on-year basis, explained by growing demand in 2021 in sectors like data networks and industrial as well as by COVID-19 pandemic impact on the Group financial results in 9m 2020.

Net profit of the Group in Q3 and 9m 2021 is negatively influenced by several non-cash related items, including loss from investments in associates, EIB warrant fair value change provisions, EIB loan fair value change provisions and interest expense related to leases. For better inter-period profitability comparisons, the Group calculates normalized net profit which in Q3 2021 amounted to 0.282 million EUR and in 9m 2021 amounted to 1.326 million EUR, respectively generating 5.37% and 7.74% Normalized net profit margin.

Trailing Twelve Months (TTM) period ending with September 30, 2021 revenue reached 22.685 million EUR, showing 4% decrease compared to TTM sales for the period ended at 2020 Q3. EBITDA result for the TTM period reported to be 4.190 million EUR, an increase of 42% in comparison with 12-month period ended at 2020 Q3. The TTM period resulted in a net loss of 0.05 million EUR. Averaged 18.5% EBITDA margin for TTM period is reported.

Attachments:

·        HansaMatrix Unaudited Interim Condensed Consolidated Financial Statements for the 9 month period ended September 30, 2021

The definitions of alternative performance indicators (APIs) used in the news release can be found on page 37 of the HansaMatrix Unaudited Interim Condensed Consolidated Financial Statements.

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 HansaMatrix

HansaMatrix is a fast-growing, high-technology company offering product design, industrialization and complete manufacturing services in data networking, Internet of Things, industrial and other high added value business segments.

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