CLX Communications AB (publ): Strong profit trend creating scope for continued growt
May 19 2017 - 1:30AM
Interim report, January - March
2017
First quarter, January - March 2017
-
Net sales increased by 133 percent to SEK 622.2
million (267.2). Organic growth was 20 percent.
-
EBITDA amounted to SEK 70.8 million
(25.3).
-
EBITDA excluding items affecting
comparability1 (adjusted
EBITDA) amounted to SEK 80.9 million (25.3).
-
EBIT amounted to SEK 41.1 million (23.6).
-
Net profit for the quarter amounted to SEK 33.4
million (18.4).
-
Basic and diluted earnings per share amounted to
SEK 0.67 (0.49).
Significant events during the quarter
-
Under the incentive program adopted on 5
December 2016, 1,205,700 warrants have been subscribed for by
senior executives and key employees within CLX.
-
The acquisition of Xura Secure Communications
GmbH was completed on February 16 and will be included in the
consolidated accounts from that date.
Significant events after the end of the period
-
CLX acquired 100 percent of share capital in
Dialogue Group Ltd on 10 May. The purchase consideration was GBP
32.0 million (SEK 368.7 million) on a cash- and debt-free basis.
During the period of March 2016-February 2017, Dialogue generated
sales of approximately GBP 36.7 million (SEK 417.9 million) and
gross profit of about GBP 11.5 million (SEK 59.2 million). EBITDA
was about GBP 5.2 million (SEK 59.2 million), with an EBITDA margin
of 14.2 percent. The acquisition was financed with expanded credit
facilities of GBP 32.7 million (SEK 376.8 million).
1) See the table on page 3 for a specification of
items affecting comparability.
Invitation to report presentation by phone or online
The report will be presented at a phone conference
at 09.00 CET on May 19.
To participate in the presentation by phone, please call any of the
following numbers and state the code 7942048:
SE: +46-8 503 365 39
UK: +44-20 3427 1911
US: +1-646 254 3363
Register here to watch the presentation via
Webcast: https://edge.media-server.com/m6/p/a6vn36du
Every care has been taken in the
translation of this press release. In the event of discrepancies,
however, the Swedish original will supersede the English
translation. This information is information that CLX
Communications AB (publ) is obliged to make public pursuant to the
EU market abuse regulation and was submitted for publication under
the auspices of the above contact on 19 May 2017 at
07:30 CET.
2017 Q1 Interim Report ENG - no
mark up
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: CLX Communications AB (publ) via
Globenewswire
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