AS HansaMatrix Consolidated Interim Report for Q3 and 9 months of year 2016.During the period of 2016 Q3 AS HansaMatrix unaudited consolidated net turnover has increased by 20% and reached 4.557 million EUR, reported EBITDA result was 8% lower, and was 0.722 million EUR, net profit was 28% lower and was 0.309 million EUR in comparison with record Q3 of 2015. During the period of 9 months of 2016 AS HansaMatrix unaudited consolidates net turnover increased by 20% and reached 11.94 million EUR, EBITDA result was 14% lower and was 1.654 million EUR, net profit decreased by 55% and was 0.448 million EUR in comparison with record 9 month period of 2015.Riga, 2016-11-25 07:33 CET --
During 3rd quarter of 2016 the company reported sales volume increase by 20% compared to the same period of 2015 and reached 4.557 million EUR. This was second quarter in row when company achieved largest quarterly sales result in the Company’s history. The 2016 Q3 sales results also show 12% sales volume increase in comparison with Q2.
During Q3 2016 the Company reported EBITDA result of 0.722 million EUR and net profit result of 0.309 million EUR which represent the second best quarter in Company’s history. The reported period EBITDA result show 8% decrease in comparison with record Q3 2015 and 25% growth to previous - Q2 2016. The net profit results for Q3 2016 demonstrate 28% decrease in comparison with record Q3 2015 and 70% growth to previous - Q2 2016. Results represent quarterly EBITDA margin of 16% and profit margin of 7%.
During 9 month period of 2016 the company reports sales volume increase of 20% compared to the same period of 2015 and have achieved 11.94 million EUR revenue, which was largest 9 month sales result in the Company’s history.
During 9 month period of 2016 the Company reported EBITDA result of 1.654 million EUR and net profit result of 0.448 million EUR. The reported period EBITDA result show 14% decrease in comparison with record 9 month period of 2015. The net profit result demonstrate 55% decrease in comparison with record 9 month period of 2015. Results represent 9 month EBITDA margin of 14% and profit margin of 4%.
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.
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