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Wednesday, 16 August 2017

Sdiptech AB (publ) publishes Interim Report for the second quarter (April-June 2017)

Sdiptech AB    

Published: 08:00 CEST 16-08-2017 /GlobeNewswire /Source: Sdiptech AB / : SDIP PREF /ISIN: SE0006758348

Sdiptech AB (publ) publishes Interim Report for the second quarter (April-June 2017)

 

 

Press Release
16 August 2017, 08:00 CET

 

 

Sdiptech AB (publ) publishes Interim Report for the second quarter (April-June 2017)

The Interim Report will be available on the Company's website: www.sdiptech.com.

 

Reduced earnings in the second quarter - but an increase for the first half of the year

 

Second quarter

 

· Net sales rose to SEK 245.9 million (195.2)

· EBITA decreased to SEK 16.4 million (25.1)

· Profit/loss after tax for the period was SEK 2.9 million (17.4)

· Profit for the period attributable to the Parent Company's shareholders amounted to SEK 2.4 million (13.5)

· Earnings per ordinary share, less dividends on preferred shares, were negative in the amount of SEK 0.04 (0.47)

· Sdiptech's Series B share was listed on First North Premier as of 12 May 2017, in conjunction with a new share issue of SEK 500 million (before issue costs) to finance future acquisitions

· During the period, acquisitions were completed of the Austrian companies ST Liftsystem GmbH and Aufzüge Friedl GmbH, with total annual sales of approximately SEK 70 million

 

First six months

 

· Net sales to SEK 483.1 million (308.4)

· EBITA increased to SEK 44.1 million (31.4)

· Earnings after tax for the period for remaining operations amounted to SEK 23.0 million (20.2)

· Profit for the period attributable to the Parent Company's shareholders amounted to SEK 21.3 million (21.1)

· Earnings per ordinary share, less dividends on preferred shares, amounted to SEK 0.60 (0.49)

· Cash flow from current operations totalled SEK 21.5 million (27.6)

 

Significant events after the closing date

· On 5 July, Sdiptech acquired AVA Monitoring, a manufacturer of cloud-based measurement systems for monitoring vibration and noise in conjunction with infrastructure projects, with annual sales of approximately SEK 28 million

 

 

Sdiptech AB's ordinary Series B share is traded under the short name SDIP B with ISIN code SE0003756758.

Sdiptech AB's preferred shares are traded under the short name SDIP PREF with ISIN code SE0006758348.

Sdiptech AB's Certified Adviser at NASDAQ First North Stockholm is Erik Penser Bank. More information is available on the Company's website: www.sdiptech.com

For additional information, please contact:


Jakob Holm, CEO, +46 761 61 21 91,
jakob.holm@sdiptech.com
Carl Johan Åkesson, CFO, +46 708 30 70 57,
cj.akesson@sdiptech.com

Sdiptech AB is a technology group with a focus on urban infrastructures. The Group offers deeply niched services and products for both expanding and renovating rapidly growing metropolitan areas. The registered office is in Stockholm, Sweden.

 

Sdiptech AB (publ) is required to disclose this information pursuant to Regulation (EU) No 596/2014 on market abuse. The information was submitted for publication, through the agency of the contact persons set out above, at 08:00 CET on 16 August 2017.



Sdiptech AB (publ) publishes Interim Report for the second quarter



This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of NASDAQ OMX Corporate Solutions clients. Source: Sdiptech AB, Stureplan 15, Stockholm 11145, Sweden
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