Net Insight AB : Interim Report January - March 2012
(Thomson Reuters ONE) -
Net Insight AB [publ] Corporate Reg. No 556533-4397
First Quarter 2012
· Net Sales of SEK 76.6 million (66.6) corresponding to a growth of
15.0% compared to the same period previous year. The growth rate in comparable
currencies amounts to 16.8%.
· Operating earnings of SEK 5.2 million (2.9), corresponding to an
operating margin of 6.7% (4.3).
· Earnings per share of SEK 0.01 (0.01).
· Total cash flow of SEK -11.0 million (-19.5).
Good Revenue Growth of 15% the first quarter
Revenues reached 77 MSEK (67 MSEK) which marks a 15 % growth year-over-year. In
comparable currencies the revenue increase was 17 %. Most financial ratios
improved. The gross margin reached 61.1 % (57.8), and operating earnings as well
as the operating margin improved compared with the same period previous year.
The cash flow was negative 11 MSEK (-20), mainly due to continued inventory
build-up for long lead time components and trade receivables.
First quarter showed a good mix between strong repeat business from larger
existing customers, some new customers and a new important media contribution
network for Swisscom Broadcast AG, covering many significant sport arenas in
Switzerland. Again a large portion of our business 80 % (63) was generated in
the Broadcast and Media Network business area (BMN), we also had good repeat
business for the Digital Terrestrial TV area (DTT). As I have stated many times
before the revenues generated through our partner network will vary over time
and for Q1 it represented 40 % (62). We booked business for several large
broadcasters and media service providers relating to the major sport event in
London this summer. We will deliver the Nimbra MSR platform and transport video
and data for many leading service providers and broadcasters from the media
center in London. In conjunction with the Olympic Games the Nimbra MSR platform
will also be used for specific remote production set ups. It is our aim to drive
the trend towards remote production and workflow for increased efficiency,
quality of service and reduced costs for live sports production.
Net Insight also won the prestigious SCTE 2012 Technological Innovation Award
(Society for Broadband Professionals). Net Insight was selected for our service
aware media network solution as the Best Broadband Network Transmission Solution
2012.
In summary the year has started off in a positive way.
Net Insight AB discloses the information provided herein pursuant to the
Securities Market Act and/
or the Financial Instruments Trading Act. The information was submitted for
publication on May 4, 2012 at 08.30 am CET.
About Net Insight
Net Insight delivers the world's most efficient and scalable transport solution
for Broadcast and IP Media, Digital Terrestrial TV, Mobile TV and IPTV/CATV
networks.
Net Insight products truly deliver 100 percent Quality of Service with three
times improvement in utilization of bandwidth for a converged transport
infrastructure. Net Insight's Nimbra(TM) platform is the industry solution for
video, voice and data, reducing operational costs by 50 percent and enhancing
competitiveness in delivery of existing and new media services.
More than 150 world class customers run mission critical video services over Net
Insight products in over 50 countries. Net Insight is quoted on the NASDAQ OMX,
Stockholm.
For more information, visit www.netinsight.net
Net Insight AB : Interim report January - March 2012 :
http://hugin.info/130084/R/1608669/510637.pdf
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originality of the information contained therein.
Source: Net Insight AB via Thomson Reuters ONE
[HUG#1608669]
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Datum: 04.05.2012 - 02:31 Uhr
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