Net Insight Posts Strongest First Quarter on Record

Stockholm, Sweden, April 29, 2015--Net Insight, a provider of efficient and scalable transport solutions for media, IP and broadcast networks, announces today that it has posted its strongest first quarter on record, with sales were up by 18 per cent year-on-year, gross margin 60 per cent and operatingmargin 7 per cent.

 Net sales were SEK 87.7 (74.4) million for the first quarter 2015, an increase of 17.9 per cent incomparison with the same period previous year. In comparable currencies, the increase is 0.3 per cent.  Operating earnings were SEK 6.2 million, corresponding to an operating margin of 7.0 per cent. Total cash flow was SEK 10.6 million.

Net Insight CEO FredrikTumegård commenting on the results said: ”Sales were up by 18 per cent year-on-year. Gross margin was 60 per cent and operating margin 7 per cent. Although a positive currency effect represents the total growth, thisremains our strongest first quarter on record and I expect our growth to continue over time, albeit not always at a smooth pace. Cash flow remains positive and we have the liquidity required to act should we spot an acquisition target that fits our strategy.”