Net Insight : 07/05/2021 Presentation – Annual General Meeting 2021
May 06, 2021
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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 07 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 May 2021 12:35:02 UTC.
Net Insight AB is a Sweden-based company engaged in the provision of communications equipment. The Company develops, commercializes and sells routing solutions for the transfer of video, voice and data under the brand name Nimbra. Its activities are divided into four business areas: Broadcast and Media Networks (BMN), offering network solutions for the production and contribution of media services; Digital Terrestrial Television (DTT), providing the distribution of television (TV) programs from a central location (headend) to transmission towers within region; Cable TV & Internet Protocol Television (CATV/IPTV), which distributes TV, video, broadband and telephony to households; and Over the Top (OTT), offering video over the Internet solutions. Its customers include broadcasters, media companies, telecom and satellite operators, as well as cable TV/IPTV providers. Net Insight AB operates in Europe, the Middle East and Africa (EMEA), Asia and Pacific (APAC) and the Americas.