Donnerstag, 28.10.2021 09:19 von GlobeNewswire | Aufrufe: 343

Interim Report July - September, Q3

Mann mit Wirtschaftszeitung (Symbolbild). pixabay.com

  • Net sales amounted to  89.6 million (99.3) -4.0 percent  (-1,6 per cent in local currencies)
  • EBIT amounted to 24.0 (29.4) million
  • EBIT margin was 26.7 (31.5) procent
  • Profit after tax amounted to 18.6 (21.4) million
  • Earnings per share before/after dilution amounted to SEKk  1.01 (0.56)
  • Cash flow from operating activities amounted to SEK -10.8 (-2.8) million
  • Cash and cash equivalent amounted to 61.3 (59.0) mkr

Comments from the CEO

Sales for the quarter amounted to SEK 89.6 million with an operating profit of SEK 24.0 million, which corresponds to an operating margin of 27%. The margin shows the strength of our business model where we have a gross margin of approximately 93%. If we increase sales, it has a major positive effect on the company's profit.

When we sell new systems, software and hardware are included. The hardware is a small part of the customer’s cost but is crucial for connecting and managing the tens of thousands of digital devices we support.

Kurse

  

ASIA / CIS is a region that is declining compared to the previous year and this is largely a consequence of our more restrictive attitude in which countries we sell our solutions to. Unfortunately, several countries in the region have developed in a way that has made us actively choose not to deliver our solutions.

More and more countries are easing restrictions, which enable travelling. This means that several projects that were previously hindered or even paused can now be resumed and completed. It is primarily frontline projects that we know will be resumed.

The mobile forensic industry is rapidly changing in a positive direction. More and more authorities in the western world are being required to work according to certain standards in mobile forensics. Standards that enable our customers to decentralize the work of reading digital devices in a controlled and legally secure manner, in order to meet the enormous

need for secure evidence in digital devices. Being able to

secure the truth from digital devices and the owner's activity is indisputably important for law enforcement agencies. This is what MSAB is a world leader in. For several reasons, ever higher demands are placed on both which and how the information is secured from seized mobile phones.

For the past two years, MSAB has been a leading participant in a European initiative funded by the EU. The project is called "FORMOBILE” whose purpose is to ensure integrity and security through documented and standardized methods for reading mobile phones in Europe.

The project will run until the middle of next year and will result in new standards and higher requirements for European police, which MSAB not only meets but also worked with and developed.

Several important customers request strategic advice and assistance with the implementation and maintenance of our ECO systems.

This is exactly what we anticipated and prepared for early on when we started our professional services.

I view MSAB's future development positively and we will continue to support our customers in their important work to create a safer society through increasing quality and value in our products and services.

Stockholm, October 2021

Joel Bollö, Chief Executive Officer

The information in this report is such that MSAB, Corporate ID number 556244-3050, is required to disclose in accordance with the EU’s Market Abuse Regulation. The information in this report was submitted for publication on 28 October, 2021 at 08:00 CEST.

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