GlobeNewswire by notified

Interim Report July - September, Q3

Share
  • 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.

The information we are receiving from our sub-contractors has never been so uncertain due to the prevailing, global shortage of components for certain electronics products. If our sub-contractors had been able to deliver according to plan, our third quarter sales would have surpassed our sales for the corresponding period in 2020.

However, we have our own warehouses and alternative suppliers for a large part of the hardware components we use. Which means that we will minimize future delivery delays.

The company's other external costs are slightly higher than in the corresponding period last year, but at the same time significantly lower than before the pandemic. This is due to more markets opening up and enabling physical meetings as well as participation in important trade fairs and other events.

We expect that these costs will continue to rise slightly as restrictions on travel are reduced, which is something we also welcome as it creates more opportunities to show what we can offer customers when it comes to both products and services.

The change we made in North America last year is starting to show results.  Sales increased during the third quarter compared to last year, even though we are slightly behind so far this year, we are doing the right things with the right organization, and this will continue to have an effect.

The EMEA region is slightly lower during the third quarter but has grown so far this year and an important quarter for EMEA is the fourth quarter as many of the customers in the region have budget years that coincide with calendar years.

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.

Attachments

To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.

About GlobeNewswire by notified

GlobeNewswire by notified
GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://notified.com

GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire by notified

Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire by notified

JLT Mobile Computers acquires French sales partner ID Work8.12.2021 23:30:00 CET | Press release

With an own sales office JLT strengthens its local presence in the French market, which has grown to become one of the largest and most important regionsin Europe for JLT Växjö, Sweden, 8Dec2021 * * * JLT Mobile Computers, a leading supplier of reliable computers for demanding environments, today announced that they have signed the agreement to acquire of ID Work, their French sales partner with effect from January 2022. Since its start in 2013 ID Work has successfully been driving sales in France through a country-wide network consisting of system integrators and resellers. Since then, the French market has grown to become one of JLT’s largest and most important markets in Europe. JLT will be taking over the business and establish a local sales office with own personnel. Through the acquisition JLT will get closer to its customers and sales partners in France. The founder of ID Work, who is running the company today will have a continued involvement in JLT over the next couple of year

JLT Mobile Computers förvärvar sin franska säljpartner ID Work8.12.2021 23:30:00 CET | Pressemelding

Frankrike är ett av de största och viktigaste länderna i Europa för JLT ochsyftet med förvärvet är att etablera ett säljkontori egen regi för att stärkaden lokala närvaron Växjö, Sverige, 8:e december2021 * * * JLT Mobile Computers, ledande leverantör av stryktåliga datorer för krävande miljöer, annonserar idag att man har tecknat ett avtal om förvärv av sin franska säljpartner ID Work med tillträde i januari 2022. Sedan starten 2013 har ID Work framgångsrikt drivit försäljningen av JLT:s produkter i Frankrike genom ett landstäckande nätverk bestående av systemintegratörer och återförsäljare. Den franska marknaden har sedan dess vuxit till att bli en av JLT:s största och viktigaste marknader i Europa. JLT kommer att ta över ID Works verksamhet och etablera ett säljkontor med egen personal. Förvärvet gör att JLT kommer närmare sina kunder och säljpartners. Grundaren av ID Work som idag driver företaget kommer att ha ett fortsatt engagemang i JLT under de kommande åren. För mer informati

Better Collective initiates share buyback program to cover future payments relating to completed acquisitions and incentive programs8.12.2021 18:00:00 CET | Press release

Regulatory Release no. 38/2021 December 8, 2021 Better Collective A/S (the “Company”) has today initiated a share buyback program for up to 10 mEUR, to be executed during the period from December 9, 2021 to February 24, 2022. The purpose of the buyback program is to cover future payments relating to completed acquisitions and to cover established Incentive Plans. The buyback program is being initiated pursuant to the authorization granted by the shareholders at the annual general meeting held on April 26, 2021 to repurchase up to nominal 4,694,532 shares of EUR 0,01 each of the Company’s share capital in the period until the annual general meeting in 2022. The Company has appointed Nordea as lead manager of the buyback program. Under the agreement with Nordea, Nordea will purchase shares on behalf of the Company and will make its trading decisions independently of, and without influence by the Company. The buyback program is subject to the following terms: The purpose of the program is

Nextensa Nv/sa: Shares Repurchase8.12.2021 17:40:00 CET | Press release

NEXTENSA NV/SA: SHARES REPURCHASE Nextensa NV announces that the board of directors has decided to initiate a share repurchase programme to acquire up to 65,000 shares for a total amount of no more than 4,800,000 euros within the limits set down in the (renewed) share repurchase authorization as granted by the extraordinary general meeting of shareholders of 19 July 2021. The goal of the share repurchase is to enable Nextensa to meet its obligations resulting from the purchase plans for the benefit of its executive management. Nextensa recognizes the need for active and committed managers that are able to guide the transformation into a mixed property investor and developer. Furthermore, based on previous experience and current market practices and trends, the nomination and remuneration committee and the board of directors are convinced that managers are more engaged and committed when they are able to participate in the capital of Extensa NV, as this aligns their interests with those

Millicom files standard form for notification of major holdings8.12.2021 17:13:53 CET | Press release

Millicom files standard form for notification of major holdings Luxembourg,December 8, 2021 – Millicom International Cellular S.A. announced today the CSSF regulatory filing of the form: ANNEX A: Standard form for notification of major holdings (attachment) -END- For further information, please contact Press: Vivian Kobeh, Director Corporate Communications +1-786-628-5300 press@millicom.com Yocasta Valdez, Group Manager Digital Media & Communications +1-305-929-5417 press@millicom.com Investors: Michel Morin, VP Investor Relations +1-786-628-5270 investors@millicom.com Sarah Inmon, Director Investor Relations +1-786-628-5303 investors@millicom.com About Millicom Millicom (NASDAQ U.S.: TIGO, Nasdaq Stockholm: TIGO_SDB) is a leading provider of fixed and mobile services dedicated to emerging markets in Latin America and Africa. Millicom sets the pace when it comes to providing high-speed broadband and innovation around The Digital Lifestyle® services through its principal brand, TIGO. As

Volta Finance Limited - Result of AGM8.12.2021 16:04:30 CET | Press release

8 December 2021 Volta Finance Limited (VTA / VTAS) RESULTS OF THE FIFTEENTH ANNUAL GENERAL MEETING Volta Finance Limited announces that at the Fifteenth Annual General Meeting held earlier today all resolutions proposed were duly passed. One of these resolutions was a special resolution. The full text of the resolutions can be found in the Notice of Meeting contained within the Annual Report and Accounts 2021, copies of which are available for viewing on the Company’s website http://www.voltafinance.com. Further information on the votes cast for each resolution will be available on the Company’s website shortly. CONTACTS For the Investment Manager AXA Investment Managers Paris Serge Demay serge.demay@axa-im.com +33 (0) 1 44 45 84 47 Company Secretary and Administrator BNP Paribas Securities Services S.C.A, Guernsey Branch guernsey.bp2s.volta.cosec@bnpparibas.com +44 (0) 1481 750 853 Corporate Broker Cenkos Securities plc Andrew Worne Daniel Balabanoff +44 (0) 20 7397 8900 ***** ABOUT V

New Kisqali® data shows consistent overall survival benefit across genomic and clinical subtypes of interest in HR+/HER2- metastatic breast cancer8.12.2021 15:30:00 CET | Press release

Data from the MONALEESA Phase III program provide further evidence of the unique profile of Kisqali, the CDK4/6 inhibitor with the longest reported median overall survival (OS) in HR+/HER2- metastatic breast cancer (over 5 years) and proven OS benefit across patient subgroups1-5 Kisqali pooled data at the San Antonio Breast Cancer Symposium confirms OS benefit across most common genomic intrinsic subtypes of HR+/HER2- metastatic breast cancer, including the aggressive, ET-resistant HER2-enriched subtype6 Data supports rationale for HARMONIA, the first prospective, head-to-head Phase III trial seeking to identify the best therapeutic option between Kisqali and Ibrance®* for patients with the HER2-enriched subtype Kisqali remains the only CDK4/6i with consistent OS benefit across the entire MONALEESA program, regardless of site and number of metastases, prior treatment, endocrine partner, line of therapy or menopausal status1-5,7-8 Basel, December 8, 2021 — Novartis today announced new K