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Net Insight quarterly sales fall 25%

Wednesday 28 October 2015 | 16:25 CET | News
Net Insight reported a sharp fall in third-quarter results, with sales down 24.9 percent from a year earlier to SEK 84.3 million. At constant currency rates, sales fell 31.6 percent. Operating profit dropped to SEK 9.5 million from SEK 31.4 million, and cash flow moved to a negative SEK 8.5 million from a positive SEK 55.6 million a year ago. The company blamed the drop in results on strong orders in the year-earlier period and noted that it was still delivering on its strategy, as underlined by the recently closed acquisition of ScheduALL. 

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