Summary January -
** Net sales amounted to
** EBIT amounted to
** Profit after tax amounted to
** Earnings per share before/after dilution amounted to
** Cash flow from operating activities increased to
CEO Comments
MSAB has had an active, successful first quarter 2023. We have signed several important contracts, participated in several major international branch events, and executed many customer activities
together with distributors and on our own. Our product offering continues to develop robustly, particularly our extraction solution XRY, which now includes advanced software - XRY Pro - for forensic labs.
This has been the best first quarter in MSAB's history and we set a new record for consolidated net sales of
Cash flow from operating activities increased to
The mobile forensic industry remains one of the most rapidly evolving and fastest changing branches in the world. As suppliers to law enforcement agencies, the need to manage and develop new techniques which address customers' needs during process change and digital transformation is great. It requires legally secure processes and continuous development of our product offering and business model. MSAB's continuing growth also depends on competence development for existing personnel and that we quickly increase our pace of recruitment. Today we are looking for many new employees globally to secure the right competence and capacity.
Demand for our solutions is strong, but the company is still affected by component shortages and late deliveries from suppliers. We expect that this situation will improve during the last half of 2023.
The increase in European sales has been primarily driven by the British market. We are also seeing former customers rediscovering the strength in MSAB's product development over the last few years, which generates additional sales. Even countries in
We see increased demand from defence and intelligence agencies. These segments must be able to handle mobile forensics out in the field; hence their interest in MSAB Frontline. Other agencies which use mobile phones to exercise authority, e.g. when identifying people at border controls or in migration/asylum cases, are also demonstrating an increased need.
The security threats we have seen over the last few years affects businesses as well as authorities. Last year, under strictly controlled forms, we completed several smaller deals to support organizations.
Being an established supplier of mobile forensic solutions in
I am convinced that MSAB:s ethical profile and strong product offering will continue to generate appreciation from authorities and businesses.
Mikael Falkovén
Acting CEO, MSAB
The information in this report is such that MSAB, Corporate ID number 556244-3050, is required to disclose in accordance with the EU's Market Abuse Regulation. The information in this report was submitted for publication on
For more information, please contact:
Mikael Falkovén, Acting CEO. Phone: + 46 8 739 02 70, email: mikael.falkoven@msab.com
About MSAB:
MSAB is a world leader in forensic technology for extracting and analyzing data in seized mobile devices. The company develops high-quality and easy-to-use software for law enforcement organizations, such as police, defense, and customs. The products, which have become a de facto standard for securing evidence in criminal investigations, can be supplemented with reporting tools and a large range of training with certifications within a holistic method for forensic science. The company serves customers in more than 100 countries worldwide, through its own sales offices and through distributors. MSAB is listed on Nasdaq Stockholm under the ticker name: MSAB B. www.msab.com
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