Interim report
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Net Insight Interim Report N January - September 2021 netinsight Net Insight AB ( publ ) corp.id.no. 556533-4397 July - September 2021 • Net sales amounted to SEK 100.8 ( 77.2 ) million , an increase of 30.6 % year - on - year . In comparable currencies net sales increased by 34.1 % . Operating earnings amounted to SEK 11.8 ( -4.1 ) million , corresponding to an operating margin of 11.7 % ( -5.3 % ) . Excluding foreign exchange rate differences of SEK -0.2 ( 0.1 ) million , operating earnings were SEK 12.0 ( -4.2 ) million . • Net income for the period for continuing operations was SEK 10.1 ( -3.9 ) million and for the Group , including discontinued operations , SEK 10.1 ( -5.9 ) million . Earnings per share diluted for the Group was SEK 0.03 ( -0.02 ) . • Total cash flow for the Group was SEK 25.1 ( -21.1 ) million . Excluding the cash impact of the divestment of operations , cash flow was SEK -6.4 ( -21.1 ) million . January - September 2021 • Net sales amounted to SEK 272.8 ( 241.4 ) million , an increase of 13.0 % year - on - year . In comparable currencies net sales increased by 19.5 % . • Operating earnings amounted to SEK 23.5 ( -0.9 ) million , corresponding to an operating margin of 8.6 % ( -0.4 % ) . Excluding foreign exchange rate differences of SEK 8.2 ( 1.9 ) million , operating earnings were SEK 15.3 ( -2.8 ) million . • Net income for the period for continuing operations was SEK 21.0 ( -2.8 ) million . Net Income for the Group , including discontinued operations , was SEK -16.0 ( 244.2 ) million . This includes capital loss on disposal of discontinued operations of SEK -35.9 ( 246.4 ) million . Earnings per share diluted for the Group was SEK -0.04 ( 0.64 ) . • Total cash flow for the Group was SEK 55.9 ( 214.0 ) million . Excluding the cash impact of the divestment of operations , cash flow was SEK 9.3 ( -88.4 ) million . FINANCIAL HIGHLIGHTS SEK millions Continuing operations Net sales Operating earnings Operating margin Net income EBITDA EBITDA margin Total Group , including discontinued operations Net Income Total cash flow Jul - Sep 2021 100.8 11.8 11.7 % 10.1 15.2 15.1 % 10.1 25.1 2020 Change 77.2 -4.1 -5.3 % -3.9 -1.0 -1.2 % -5.9 -21.1 30.6 % 2021 272.8 23.5 8.6 % 21.0 28.3 10.4 % High sales and increased orders Crister Fritzson , CEO , Net Insight Jan - Sep -16.0 55.9 Significant events : Strong growth across all regions New IP functionality attracts customers Significant events after the reporting period : Signed agreement with a total value of SEK 220 million in 5G synchronization Decision to initiate repurchase of Treasury shares 2020 241.4 -0.9 -0.4 % -2.8 -3.4 -1.4 % 244.2 214.0 Change 13.0 % -73.9 % Oct 2020 Sep 2021 363.4 9.1 2.5 % 9.1 12.7 3.5 % -22.8 74.5 Jan - Dec 2020 332.1 -15.3 -4.6 % -14.7 -19.0 -5.7 % 237.4 232.6 Business area Resource Optimization was divested in 2021 and Business area Streaming Solutions was divested in 2020. The divested business areas are reported separately as discontinued operations in this report . Change 9.4 % -68.0 %