Baltic Export, Latvia, Markets and Companies, Statistics, Technology, Telecomunications

The six-month EBITDA was EUR 0.93 mln EUR, down 0.8% year-on-year, and net profit decreased by 75% to EUR 0.14 mln.

During the second quarter of 2016, HansaMatrix unaudited consolidated net turnover increased by 25% from the same period last year, reaching EUR 4.07 mln, which is the largest quarterly turnover in the company’s history. EBITDA shrank 3% in the second quarter of this year to EUR 0.58 mln, and net profit decreased 43% from the second quarter in 2015 to EUR 0.18 mln.

In the first half of 2016, Baltic sales were up by 21% y-o-y, 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 a tremendous 95% growth due to the increased demand for industrial and other products.

During the six-month period in 2016, data network infrastructure was the largest market, which accounted for 44% of sales, with a 5% decrease in comparison with the same period in 2015. Industrial products represented the second largest segment, forming 39% of sales, with substantially larger growth of 56% compared to the first half of 2015. The next largest – the other product market segment -- formed 12% of sales, and demonstrated tremendous (more than 10-fold or 1,216%) volume growth from the six-month period last year. The Internet of Things product segment, accounting for 5% of sales, decreased by 51% y-o-y and demonstrated the sales volume’s high dependence on results from a few large project realization patterns.

The listing of HansaMatrix shares began in July this year after the company’s private placement of new and existing shares to various investors, including a number of Baltic pension funds. Following the private placement, HansaMatrix’s share capital consists of 1,829,381 bearer shares with a nominal value of EUR 1 per share. All shares are listed on the Baltic Main List of Nasdaq Baltic.

The company’s largest shareholders are Macro Riga (64.83%), FlyCap Investment Fund I AIF (22.08%) and Swedbank pension funds (6.42%).

In 2015 HansaMatrix increased its turnover by 26% to EUR 13.47 mln, and the company’s profit was EUR 1.48 mln in contrast to EUR 1.94 mln loss in 2014, according to Firmas.lv.