Published: 2020-01-23 07:49:30 CET
HansaMatrix
Other information disclosed according to the rules of the Exchange

SEB bank to continue to provide HansaMatrix with working capital financing in year 2020 in the aggregate amount of 4.56 million EUR

Riga, 2020-01-23 07:49 CET -- HansaMatrix has signed agreements with SEB banka and SEB lizings to extend the maturity of factoring, overdraft, guarantee and reverse factoring for the next annual period of one year for a total amount of EUR 4.56 million for working capital financing that also include export financing transactions.

Ilmārs Osmanis, Chairman of the Management Board informs that HansaMatrix started cooperation with SEB group in December, 2017. The signed extensions of the financing agreements continue the successful cooperation with the bank and allow the company to speed up the circulation of working capital, to ensure sufficient financing thereof and to increase the manufacturing volumes.

Ints Krasts, Board member of SEB Latvia: “We are truly pleased to continue to provide our support for the development of the Latvian company, which serves as a great example of how a thoughtful and strategically targeted activity can help achieve the business goals in Latvia as well as on an international scale. The ambitions of HansaMatrix, through continued investments aimed at promoting the export capacity of its products in the high-tech industry, are consistent with our view concerning the manufacturing of the products and services that drive the growth of Latvian exports. As a long-term financial partner of HansaMatrix, we are proud of the company’s achievements and are ready to continue to provide our support to enable the company to prove itself even more daringly, by developing its business and competing with global companies.

Investor and media contact:

Māris Macijevskis, CFA
Member of Management Board, Finance director
Phone: (+371) 6780 0002

E-mail: invest@hansamatrix.com

http://www.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.