Published: 2021-02-19 09:19:00 CET
HansaMatrix
Financial Statement Release

HansaMatrix Consolidated Interim Financial Report for the fourth quarter and 12 months of 2020

During the fourth quarter of 2020 HansaMatrix unaudited consolidated revenue decreased by 15% compared to the fourth quarter of 2019 and reached 5.632 million EUR volume; reported EBITDA result was 12% higher, and reached 0.783 million EUR, net profit amounted to 0.02 million EUR, decreasing by 78% year on year. In the reporting period quarterly EBITDA margin of 13.90% and quarterly net profit margin of 0.35% was achieved. During the period of 12 months of 2020 unaudited consolidated revenue reached 22.661 million EUR, down by 8%; reported EBITDA result was 2.997 million EUR, down by 19% in comparison with 12 months of 2019 and net loss amounted to 0.468 million EUR. Results represent 12 month EBITDA margin of 13.2%.

Riga, 2021-02-19 09:19 CET -- During the fourth quarter of 2020 the Company reported quarterly revenue of 5.632 million EUR – decrease by 15% in comparison to the same period of 2019. The fourth quarter of 2020 revenue results showed 14% volume decrease in comparison with previous quarter – 2020 Q3.

During first 12 months of 2020 the Company reached turnover of 22.661 million EUR, resulting in revenue volume decrease by 8% compared to the same period of 2019.

During 2020 Q4 the Company reported quarterly EBITDA result of 0.783 million EUR and operated with net profit result of 0.020 million EUR. The reported EBITDA result shows 12% increase in comparison with Q4 2019 but 37% decrease compared to previous quarter of 2020 Q3. In Q4 2020 the Company reported net profit 0.020 million EUR, which is 78% decrease on year-on-year basis and 94% decrease compared to 2020 Q3. Quarterly results represent EBITDA margin of 13.90% and net profit margin of 0.35%.

At the turn of the year, the COVID-19 situation deterioration was observed and the negative impact on the business of some of the Company's customers increased, but at the same time the positive market trend continues - increased demand in the data network and medical device sectors. At the beginning of 2021, there is also a deterioration of the situation in terms of transportation and deficit of components, which may have an impact on the execution times of production orders.

Sales result, EBITDA and net profit in 2020 12m were influenced by COVID-19 global spread impacting and creating challenges in such business environment factors as personnel safety issues, supply chain disruptions, and transportation network disruptions.

2020 Q4 R&D turnover increased by 13% compared with 2019 Q4 R&D turnover and increased by 361% compared to the previous quarter Q3 2020 turnover, and is accounting for 15.8% share of Company’s consolidated sales in 2020 Q4. R&D grant income has not been included in reported R&D sales figures. In Q4 2020 the Company continued to manufacture the high-tech optical devices and to work on R&D projects.

TTM – trailing twelve-month period sales (period starting in January 1, 2020 and ending with December 31, 2020) at 2020 Q4 reached 22.661 million EUR, showing 8% decrease compared to TTM sales for the period ended at 2019 Q4 and 4% decrease compared to TTM sales for the period ended at 2020 Q3. EBITDA result for the TTM period reported to be 2.997 million EUR, a decrease of 19% in comparison with 12 month period ended at 2019 Q4 but 3% increase compared to TTM sales for the period ended at 2020 Q3. The TTM period resulted in a net loss of 0.468 million EUR. Averaged EBITDA margin for TTM period of 13.2% is reported.

The definitions of alternative performance indicators (APIs) used in the news release can be found on page 35 of the HansaMatrix Unaudited Interim Condensed Consolidated Financial Statements.

Attachments:

·        HansaMatrix Unaudited Interim Condensed Consolidated Financial Statements for the 12 Month Period Ended December 31, 2020

Investor and media contact:

Māris Macijevskis, CFA
Management Board Member, Finance director
Phone: (+371) 6780 0002
E-mail:
invest@hansamatrix.com

http://www.hansamatrix.com

About HansaMatrix”

HansaMatrix is a fast-growing, high-technology company offering product design, industrialization and complete manufacturing services in data networking, Internet of Things, industrial segments and other services to high added value business segments. In addition to complete manufacturing services of OEM products, the company offers an ODM business model to both start-up and established companies that seek product development partnerships.


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