Growth in the fourth quarter, but market uncertainty continues
“Net Insight achieved growth again in the fourth quarter and revenue increased by 2.2% year-on-year, despite negative exchange rate effects from a stronger SEK against the USD and EUR in the quarter. Adjusted for exchange rate effects, growth was 8.4% compared to the fourth quarter 2019. Net income in the quarter was negative as a result of the substantial negative exchange rate effect. Market conditions remain challenging due to the protracted pandemic. We have introduced a large number of improvements and are starting to see the positive effects on product development, sales and internal efficiency.”
October –
- Net sales amounted to
SEK 107.5 (105.2) million, an increase of 2.2% year-year-on-year. In comparable currencies net sales increased by 8.4%. - Operating earnings amounted to
SEK -4.0 (-24.1) million, corresponding to an operating margin of -3.7% (-22.9%). Excluding foreign exchange rate differences ofSEK -18.2 (-5.5) million and items affecting comparability ofSEK 8.0 (-20.1) million, operating earnings wereSEK 6.2 (1.5) million. - Net income for the period for continuing operations and for the Group, including divested operations, was
SEK -6.8 (-20.6) million andSEK -6.8 (-27.6) million, respectively. - Earnings per share, basic and diluted, for the Group was
SEK -0.02 (-0.07). - Total cash flow for the Group was
SEK -18.7 (-14.3) million.
January –
- Net sales amounted to
SEK 398.9 (448.6) million, a decrease of -11.1% year-on-year. In comparable currencies net sales decreased by -10.0%. - Operating earnings amounted to
SEK -4.6 (-3.6) million, corresponding to an operating margin of -1.2% (-0.8%). Excluding foreign exchange rate differences ofSEK -16.0 (-3.2) million, and items affecting comparability ofSEK 7.3 (-24.9) million operating earnings wereSEK 4.1 (24.6) million. - Net income for the period for continuing operations was
SEK -9.2 (-4.6) million. Net Income for the Group, including divested operations, wasSEK 237.4 (-32.2) million. This includes capital gains related to discontinued operations ofSEK 246.4 (-) million. - Earnings per share, basic and diluted, for the Group was
SEK 0.62 (-0.08). - Total cash flow for the Group was
SEK 232.6 million (-41.2), including cash effect from divested operations ofSEK 302.3 (-) million.
Significant events:
- Revenue growth in Q4 despite continued negative Covid-19 impact
- A number of Nimbra Edge deals won
- The Board will propose that the AGM authorize repurchase of shares
For the complete report, please refer to the attached PDF.
A conference call with web presentation for media and the financial community will take place at
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