Quote from interim CEO Henrik Sund:
"Strong sales growth in eventful quarter."
Second quarter 2018
- Net sales amounted to SEK 119.6 million (95.7)*, an increase of 25%
compared to the corresponding quarter in the previous year. The
increase in comparable currencies was 21.5%. - Operating earnings amounted to SEK -12.9 million (-21.6)*, corresponding to an operating margin of -10.8% (-22.6%). Operating earnings were charged with SEK -7.0 million in non-recurring costs.
- Net income was SEK-9.4 million (-13.1)* for the period. Net financial
items were positively affected by SEK 0.6 (2.3) million for the revaluation of synthetic options. - Earnings per share, basic and diluted, was SEK -0.02 (-0.03)
- Total cash flow was SEK -15.1 (-28.5) million.
*) Recalculated comparable periods, see page 12-13 in the report.
The full report of the second quarter 2018 can be found on netinsight.net
For further information, please contact:
Henrik Sund, interim CEO Net Insight AB, +46 8 685 04 00, henrik.sund@netinsight.net
This information is information that Net Insight AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 08.45 am CEST on July 20, 2018.
About Net Insight
Net Insight's vision is to enable a live and interactive media experience for anyone on earth. Our aim is to lead progress and enable a global media marketplace where live content can be exchanged and interaction among TV audiences can take place in real-time. We want to create the media experience of the future, centered on content.
Net Insight delivers products, software and services for effective, high-quality media transport, coupled with the effective management of resources, all, which creates an enhanced TV experience. Net Insight's offerings span across the entire media spectrum, starting from TV cameras and TV studios, right through to the TV consumers. Our solutions benefit network operators, and TV and production companies, by lowering total cost of ownership, improving their workflow efficiencies and providing them with the ability to capture new business opportunities.
More than 500 world-class customers run mission critical media services using Net Insight's solutions, covering more than 60 countries worldwide. Net Insight is listed on Nasdaq Stockholm.
For more information, please visit netinsight.net
Twitter: @NetInsight, twitter.com/NetInsight
LinkedIn: www.linkedin.com/company/net-insight/
