Riga, 2017-08-29 09:19 CEST (GLOBE NEWSWIRE) -- During the second quarter (“Q2” further in document) of 2017 the Company reported sales volume increase by 19% compared to the same period of 2016 and reached 4.839 million EUR. It is well in line with expectations. The 2017 Q2 sales results showed 8% sales volume increase in comparison with previous quarter – 2017 Q1 which reflects usual seasonality pattern.
During first 6 months (“6m” or “H1” further in the document) of 2017 the Company reported sales volume increase by 26% compared to the same period of 2016 and reached 9.335 million EUR. It is only 2% smaller compared with 2016 second half of year (“H2”).
During 2017 Q2 the Company reported solid quarterly EBITDA result of 0.778 million EUR and quarterly net profit result of 0.249 million EUR. The reported EBITDA result show 36% increase in comparison with Q2 2016 and 20% decrease from previous record quarter of 2017 Q1. The quarterly net profit results for 2017 Q2 demonstrate 37% increase in comparison with Q2 2016 and 40% decrease from previous – Q1 2017. Results represent quarterly EBITDA margin of 16% and net profit margin of 5%.
During first 6 months of 2017 (“H1”) the Company reported high half year EBITDA result of 1.746 million EUR and high half year net profit result of 0.661 million EUR. The reported EBITDA result show 89% increase in comparison with 2016 H1 and 35% increase from previous 6 month period of 2016 H2. The 6 month net profit results for 2017 H1 demonstrate 377% increase in comparison with 2016 H1 and 47% increase from previous – 2016 H2. Results represent 6 month EBITDA margin of 19% and 6 month net profit margin of 7%.
Lower levels of margins in Q2 2017 in comparison to Q1 does not show any trend or market weakness, it can be rather attributed to increased share of lower margin products in Q2 manufactured product mix and impact of holiday period in May, June months.
Increasing levels of 6 month result margins to large extent can be explained of increased market demand for higher margin products that have been manufactured and sold during 2017 Q1 and Q2 as well as increased utilization of recently invested new production capacities in production fulfilment.
During rolling 12 month period which started on July 1, 2016 and finished on June 30, 2017, the Company reported sales revenue result of 18.89 million EUR, increase of 4% and EBITDA result of 3.038 million EUR, increase by 7% in comparison with 12 month period ending on March 31, 2017. EBITDA margin for rolling 12 month period is reported 16.1% and net profit margin for the same period is reported 5.9%.
Investor and media contact:
Zanda Lapāne
Assistant to the CEO
Phone: (+371) 6780 0002
e-mail: invest@hansamatrix.com
About AS 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
