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Wednesday, 24.04.2024, 06:36
HansaMatrix hi-tech group raises H1 sales by 26.4%
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HansaMatrix said it had approved annual turnover targets as EUR 20 million in 2018 and
EUR 30 million in 2020.
Baltic customers remained the main sales drivers during the first half of
2017 with a 48% market share of sales while Nordic sales represented 25% and
other EU sales 22% of total sales. HansaMatrix
started to ship products to customer locations outside EU in the first half of
this year, and the respective market share increased to 5%.
Data network products were the main sales contributors during the first
half of this year be with a 50% sales share, followed by industrial product
sales with 37%. Internet of things product share was 4% and other products
accounted for 9%.
In the first half of 2017 HansaMatrix
together with its subsidiary HansaMatrix
Innovation and the associated company LightSpace
Technologies as well as EUROLCDS
continued realization of a research and development project, "Real time 3D
volumetric imaging technology development", in cooperation with LEO Petijumu Centrs. The project is
financed by the European Regional Development Fund (ERDF). The overall budget
of the project is EUR 665,046, and the planned eligible cost is EUR 449,958.
During the first half of 2017 the company received project funding in the
amount of EUR 262,000.
During the first six months of 2017, HansaMatrix
invested approximately EUR 890,000 towards the production capacity increase and
in research instruments, test systems and development of new products. Of
these, EUR 330,000 were invested during the second quarter of this year.
HansaMatrix group reported a profit of EUR 138,476 on a turnover of EUR 7.387 million
for the first half of 2016.
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.
HansaMatrix shares are quoted on the Main List of the Nasdaq Riga stock exchange.
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