Summary first quarter
- Net sales increased by 19.6% to KSEK 25 296 (21 142).
- Gross profit increased by 6.9% to KSEK 17 224 (16 112).
- Operating income before depreciation (EBITDA) was KSEK 5 735 (7 374).
- Operating income (EBIT) was KSEK 4 211 (5 915).
- The operating margin was 16.6 (22.1) %
- Net profit was KSEK 3 288 (4 665).
- Cash flow from operating activities amounted to KSEK 8 395 (15 837).
- Earnings per share amounted to
SEK 0.41 (0.58)
A few words from our CEO - Q1 2022
We continued to experience strong demand for our products during the first quarter, from both new and existing customers. The single largest order came from an existing Norwegian customer, yet we also secured a number of new business deals in
Revenue during the quarter increased by 20% to MSEK 25,3 compared to MSEK 21,1 for the same period last year, and operating profit was MSEK 4,2 (MSEK 5.9), with an operating margin of 17% (28%). Both the increase in revenue and the lower operating result compared with 2021 are due to our investments in sales, marketing, and product development. It is precisely these investments that form the foundation for our future growth journey. As previously communicated, we will continue to invest in our focus on profitable growth.
The current global semiconductor/component shortage is far from over. Demand for our products continues to exceed supply, despite our increased production rate. We have not been able to meet the demand for our products, which has resulted in somewhat longer delivery times. We expect to be affected by the component shortage throughout 2022, and probably even during the first half of 2023, but are working actively to minimise the associated effects.
We stepped into 2022 with a larger order backlog than in previous years, and this trend has continued during the first quarter. We have had the pleasure of welcoming new city networks in
Our existing customers, even our new customers, are demonstrating a grasp of the effects of the global semiconductor/component shortage on our industry, and placing their orders with longer foresight. For example, an existing large Norwegian communications operator placed an order of approximately MSEK 20 as early as during the first quarter in order to secure its deliveries for all of 2022.
As I have mentioned before, we have a solid purchase conversion when we meet potential customers and allow them to test our products. As a result, we are continuing to invest in our sales force. During the first quarter, we recruited new sales personnel in both
We are going to participate in a number of industry-related conferences during the spring, for example, in April we will be exhibiting at
Overall, we hold a strong market position in the Nordic region, and are gradually advancing our position to the rest of
All in all, I am pleased with what we've achieved during the first quarter. I am confidently looking forward to the rest of 2022, which I hope will be a record year for
CEO
For more information please contact:
Phone +46 (0) +46 72 5092776. E-mail fredrik.lundberg@waystream.com
Phone +46 (0) 73 300 3010. E-mail susan.rose@waystream.com
About
Read more at www.waystream.com
https://news.cision.com/waystream-holding-ab/r/interim-report-january-mars-2022,c3550011
https://news.cision.com/waystream-holding-ab/i/fredrik-lundberg--vd-waystream-ab,c3040053
(c) 2022 Cision. All rights reserved., source