Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Latvia
  4. Nasdaq Riga
  5. SAF Tehnika A/S
  6. News
  7. Summary
    SAF1R   LV0000101129

SAF TEHNIKA A/S

(SAF1R)
  Report
SummaryQuotesChartsNewsCalendarCompanyFinancials 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

SAF Tehnika A/S : Consolidated Interim Report for Q3 and 9 months of financial year 2020/2021

05/13/2021 | 04:06am EDT

In the third quarter of the financial year 2020/2021, the Group's unaudited consolidated net turnover was5.9 million euros, which is 30% more than in the third quarter of the FY 2019/2020. The Group ended the third quarter of the financial year 2020/2021EUR 967 thousand (unaudited). The unaudited consolidated result for the 9-month period of the financial year 2020/2021 is profit of EUR 2.11 million.

The turnover in North and Latin Americas was 65% or EUR 3.84 million. Compared to the turnover in the same quarter of the previous financial year, the turnover increased by 30% as a result of successful sales project transactions in the previous quarters.

The turnover in Europe and CIS countries amounts to 30% or EUR 1.75 million, which is 55% more than in the third quarter of the previous financial year. The turnover of the AMEA (Asia, Middle East, Africa) region decreased by 31% compared to the corresponding quarter of the last financial year, and makes up 5% or EUR 302 thousand.

In the reporting quarter, the Group's products were sold in 55 countries.

The Group's unaudited consolidated turnover for the 9-month period of the financial year 2020/2021 was EUR 17.31 million, which is 31% more than the amount of revenue in the previous financial year.

The Group's costs did not exceed the planned levels, and The Group continues to invest in the development of new products and product modifications.

The unaudited consolidated result for the 9-month period of the financial year 2020/2021 is profit of EUR 2.11 million. The Group's profit for the 9 months of the previous financial year 2019/2020 was EUR 610 thousand.

The Group's net cash balance at the end of the period was 6.5 million euros.

During the pandemic, the manufacturing facility of SAF Tehnika continued to operate in its normal/rearranged mode, the company manufactured and shipped its products worldwide. At the manufacturing facility, the work is organized in such a way as to minimize physical proximity (by working remotely or rearranging workplaces), as well as all employees are provided with face masks and shields, disinfectants, frequent cleaning and ventilation of premises.

The Group's operations are also affected by the global shortage of various electronic components. By regularly reviewing delivery volumes and deadlines, the company continues to accumulate material reserves in order to be able to fulfil most of the orders within normal lead times. This applies to all SAF product families - microwave links, Spectrum Compact and Aranet.

The Group continues to explore market demand and problematic issues in order to be able to provide necessary product modifications, as well as continues investments in product development. The goal of the Company is to stabilize sales levels to ensure a positive net result in the long term.

About SAF Tehnika:

"SAF Tehnika" JSC is an ISO certified wireless data transmission equipment manufacturer. The company's products are produced in Latvia, Europe and sold in over 130 countries worldwide. "SAF Tehnika" has been listed on Nasdaq Riga since 2004. SAF Tehnika wholly owns subsidiaries "SAF North America" LLC and "SAF Services" LLC. Both of the mentioned companies are operating from Denver, CO, USA serving North American market.

Additional information:
Zane Jozepa
CFO, Member of the Board
+371 67 046 833
zane.jozepa@saftehnika.com
www.saftehnika.com

Disclaimer

SAF Tehnika AS published this content on 13 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 May 2021 08:05:09 UTC.


© Publicnow 2021
All news about SAF TEHNIKA A/S
05/13SAF TEHNIKA A/S  : Consolidated Interim Report for Q3 and 9 months of financial ..
PU
03/18SAF TEHNIKA A/S  : 6-20 GHz Device Joins SAF Tehnika's Spectrum Compact Family o..
PU
02/11SAF TEHNIKA  : Consolidated Interim Report for Q2 and 6 months of financial year..
PU
01/07SAF TEHNIKA  : JSC informs about using Miligen by Pipedrive services
PU
2020SAF TEHNIKA A/S : Ex-dividend day for final dividend
FA
2020SAF TEHNIKA  : Dividend payment ex-date of JSC “SAF Tehnika”
PU
2020SAF TEHNIKA  : Decisions adopted at the annual shareholders meeting of JSC SAF T..
PU
2020SAF TEHNIKA  : Draft resolutions and voting form for annual shareholders meeting..
PU
2020SAF TEHNIKA  : Consolidated Interim Report for Q1 of financial year 2020/21
PU
2020SAF TEHNIKA  : Notification on convocation of regular meeting of shareholders of..
PU
More news
Financials
Sales 2020 16,8 M 20,0 M 20,0 M
Net income 2020 0,44 M 0,52 M 0,52 M
Net cash 2020 3,66 M 4,37 M 4,37 M
P/E ratio 2020 24,3x
Yield 2020 5,83%
Capitalization 21,5 M 25,7 M 25,7 M
EV / Sales 2019 0,65x
EV / Sales 2020 0,42x
Nbr of Employees 222
Free-Float 42,4%
Chart SAF TEHNIKA A/S
Duration : Period :
SAF Tehnika A/S Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SAF TEHNIKA A/S
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Managers and Directors
NameTitle
Normunds Bergs Chairman-Management Board & CEO
Zane Jozepa CFO, Director-Finance & Administration
Didzis Liepkalns Chief Technology Officer
Aira Loite Member-Supervisory Board
Juris Ziema Vice Chairman-Supervisory Board
Sector and Competitors