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Net Insight grows Q2 sales 42%

Friday 22 July 2016 | 17:07 CET | News
Net sales at Net Insight totaled SEK 132.3 million in the second quarter, up by 42.0 percent year-on-year thanks to the acquisition of acquisition of ScheduALL and new orders. The increase was 39.7 percent in comparable currencies, and organic growth was 21.3 percent. Operating profit more than doubled, to SEK 12.0 million from SEK 4.9 million, giving an operating margin of 9.0 percent. Cash flow was a negative SEK 10.5 million, which the company said was the result of a build-up of accounts receivable following the increase in sales.

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Categories: Broadcast & Satellite
Companies: Net Insight
Countries: World
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