Net Insight year-end report 2007

 

 

Full year 2007

 

         Net sales increased by 70% to SEK 228.8 million (134.8).

         Operating earnings improved to SEK 32.6 million (-11.4)

         Adjusted for other operating revenue, operating earnings totaled SEK 20.7 million (-24.9).

         Net income improved to SEK 34.0 million (-10.2).

         Gross margin of 70.8%  (70.5%).

         Software and support revenue increased by 96% to SEK 49.9 million (25.5).

         Earnings per share amounted to SEK 0.09 (-0.03).

 

Fourth quarter 2007

 

         Net sales increased by 24% to SEK 61.6 million (49.7).

         Operating earnings totaled SEK 17.7 million (16.5)

         Adjusted for other operating revenue, operating earnings totaled SEK 7.7 million (3.0).

         Net income amounted to SEK 18.3 million (16.9).

         Gross margin of 71.4%  (70.8%).

        Operating cash flow significantly improved to SEK 32.6 million (16.2) and total cash flow improved to SEK 33.9 million (16.2).

        Earnings per share amounted to SEK 0.05 (0.05).

 

 

2007 was a strong year for Net Insight, we met our targets and for the first time we report a full financial year of profitability and positive cash flow. We did business in 21 countries and the demand for Net Insight's transport solutions is strong and growing. The main market driver is the explosive rise in video traffic across all communications networks. Network owners and operators around the world are gearing up to manage the "video explosion" at the same time as new business models and vendor constellations are being created to capture the significant business opportunities relating to video and real time critical services. These changes in the market are at the sweet spot of Net Insight's offering and strategy.

 

The full report can be downloaded below.

 

The Ordinary General Meeting will be held Thursday April 10, 2008, at 10:00 a.m. in Net Insight's offices in Västberga.

Shareholders who are entered in the share register kept by the Securities Register Center (VPC AB) on 4 April 2008 and apply to the Company no later than 4 April 2008 at 4:00 p.m. are entitled to attend and vote at the General Meeting. Applications to participate may be sent to the address Net Insight AB, Box 42093, 126 14 Stockholm or by telephone to +46 (0) 8685 04 00 or by fax to +46 (0) 8685 04 20 or by e-mail to info@netinsight.net.

 

The Board proposes that the AGM resolve that no dividend be paid for the financial year 2007.

 

 

Stockholm, 22 February 2008

 

Chief Executive Officer

 

Fredrik Trägårdh, CEO Net Insight AB

Tel.: +46 (0) 8-685 04 00, email: fredrik.tragardh@netinsight.net

 

Lars Kevsjö, CFO Net Insight AB

Tel.: +46 (0) 8-685 04 00, email: lars.kevsjo@netinsight.net

 

Net Insight AB (publ)Box 42093

126 14 Stockholm

Tel +46 (0) 8 685 04 00

www.netinsight.net

Corporate Reg. No. 556533-4397