HMX: AS HansaMatrix Consolidated Interim Report for Q2 and 6 months of year 2016.
In the 2016 6 month period, Baltic sales were up by 21% in comparison with 2015 6 months, which is mainly owing to an increased demand for products in the other market segments in the Baltic region. Nordic countries demonstrated similar business development, and their 16% rise is associated with the growth of the industrial products. Other EU countries reported tremenduous 95% growth due to the increased demand for industrial and other products.
During the 6 month period of 2016, data network infrastructure was the largest market, which accounted for 44% of sales, with a 5% decrease in comparison with the 6m period 2015. During the 6 month period of 2016 customers started replacing their existing product range by new products that usually require some introduction period with reduced manufacturing volumes. Industrial products represented the second largest segment, forming 39% of sales, with substantially larger growth of 56% from the 6 month period of 2015. The next largest – the other product market segment formed 12% share of sales, and demonstrated tremendous (more than 10-fold or 1216%) volume growth from last year’s 6 month period. The Internet of Things product segment, accounting for 5% of sales, decreased by 51% from last year’s 6m period results and demonstrated the sales volume’s high dependence on results from a few large project realization patterns.
During the period of Q2 of the Year 2016 AS HansaMatrix unaudited consolidated net turnover has increased by 25% and reached 4.07 million EUR, this is the largest quarterly turnover in company history, EBITDA result was 3% lower, and was 0.58 million EUR, net profit was 43% lower and was 0.18 million EUR in comparison with period of Q2 2015. During period of 6 months of 2016 AS HansaMatrix unaudited consolidates net turnover increased by 20% and reached 7.41 million EUR, EBITDA result was 18% lower and was 0.93 million EUR, net profit decreased by 75% and was 0.14 million EUR in comparison with 6 month period of 2015.