Annual General Meeting
CEO presentation
Crister Fritzson, CEO
May 7th, 2021
Agenda
2020 & Q1 2021 In brief
Market transformation
Growth strategy
Financial targets
2
Covid-19
- The Covid-19 situation had a negative impact on the 2020 results
- Large events like Olympics and Euro-2020 pushed to 2021, and deals postponed rather than cancelled
- Strategy to prioritize strategic R&D projects
- Active cost management, incl. staff furlough and non-staff cost reductions
- R&D teams resumed full operations at the end of Q2
- All staff furlough ended by end of Q1 2021
- Customers have started to adapt to the new conditions, increased interest in cloud solutions and growing demand for remote production solutions
3
2020 - Q1 2021
IN BRIEF
Divestment of Sye
Live OTT platform to
Amazon Prime
350 MSEK
New company strategy,
leadership team and
organization
Acquisition of Aperi - a virtualized IP Media platform
Increased commercial activity and maintained high rate of product development
Divestment of ScheduALL to focus on core business
Q1 summary
- Continued growth in the first quarter
- Net sales of 77.9 (76.0) MSEK, YoY growth of 2.6%. In comparable currencies increase by 11.6%
- Positive Operating earnings of 3.1 (4.8) MSEK
- Positive Cashflow of 14.1 (245.4) MSEK
- Divestment of ScheduALL
- Important step towards focused operations with the aim of achieving profitable growth
- Sharper focus & accelerated R&D investments
- Are yielding results and have won important deals in the quarter
- Ended all short-term staff furloughs
- Although market activity is increasing, the attitude remains hesitant
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Net Insight AB published this content on 10 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 May 2021 07:35:25 UTC.