CLX Communications AB (publ): Interim Report, July 2015 - September 2016
November 15 2016 - 01:29AM
Fifth quarter, July - September 2016
-
Net sales increased by 143 percent to SEK 590.2
million (243.2). Organic growth was 25 percent.
-
EBITDA amounted to SEK 28.1 million
(13.5).
-
EBITDA excluding items affecting
comparability1 (adjusted
EBITDA) amounted to SEK 72.1 million (23.2).
-
EBIT amounted to SEK 7.3 million (12.0).
-
Net profit for the quarter amounted to SEK 16.5
million (9.2).
-
Diluted earnings per share amounted to SEK 0.34
(0.21).
July 2015 - September 2016
-
Net sales increased by 53 percent to SEK 1,664.4
million (1,087.6). Organic growth was 27 percent.
-
EBITDA amounted to SEK 93.8 million
(106.7).
-
EBITDA excluding items affecting
comparability1 (adjusted
EBITDA) amounted to SEK 162.0 million (112.4).
-
EBIT amounted to SEK 66.0 million (106.5).
-
Net profit for the period amounted to SEK 58.4
million (62.3).
-
Diluted earnings per share amounted to SEK 1.44
(1.73).
Significant events during the quarter
-
The acquisition of Mblox Inc. was completed on
July 11 and is included in the consolidated financial statements
from this date. The purchase consideration was USD 117 million on a
cash and debt-free basis. At 31 December 2015, Mblox employed 188
people and had sales in 2015 of USD 140 million with EBITDA of USD
6.9 million. Through this acquisition, CLX strengthens its position
as one of the global leaders in cloud-based communications services
for enterprises and organizations.
-
To partially finance the acquisition of all
shares in Mblox Inc. the company completed a preferential rights
issue of 16,216,215 shares to existing shareholders. The issue
provided the company with approximately SEK 624 million before
issue costs.
-
The company has also raised new interest-bearing
credit facilities of approximately SEK 400 million net in order to
finance the remainder of the purchase consideration.
Significant events after the end of the period
-
On November 3 the board of directors of CLX
invited shareholders to an extraordinary general meeting on
December 5. The board proposes that the general meeting resolves on
the introduction of a long-term incentive scheme for senior
executives and key employees within CLX through an issue of a
maximum of 1,500,000 warrants with exercise after 3/4/5 years. If
fully exercised, dilution will be approximately 3 percent.
-
NTT Communications, a division of NTT, has
launched a service for international exchange of SMS traffic for
global operators. The service is based on technology from CLX. The
service has no direct profit impact in the near term but is an
important step into the Japanese market for CLX.
-
CLX has delivered its first commercial
application in the Internet of Things (IoT) to a limited number of
existing beta customers.
1) For a specification of items affecting
comparability, see the table on page 10.
Invitation to report presentation by phone or internet
The report will be presented at a phone conference
at 10:00 CET on November 15.
To participate in the report presentation by phone, please
call:
UK: +44-203-0089808
SE: +46-8-56642662
US: +1-855-8315946
For further information please
contact:
Thomas Ahlerup
Chief Investor Relations Officer
CLX Communications AB (publ.)
Cellphone +46-768
966300
E.mail thomas.ahlerup@clxcommunications.com
About CLX Communications
CLX Communications (CLX) is a leading global
provider of cloud-based services and solutions to enterprises and
mobile operators. CLX mobile communication services will enable
companies to quickly, securely and cost-effectively communicate
globally with customers and connected devices - IoT (Internet of
Things). CLX solutions enable critical business communications
worldwide via mobile messaging (SMS), voice services and mobile
connectivity services for the IoT. CLX has since the company was
founded has grown profitably. The Group is headquartered in
Stockholm, Sweden, and has presence in 20 countries.
CLX Communications is trades at Nasdaq Stockholm:
CLX.
To learn more please visit:
www.clxcommunications.com
This information is published pursuant to the Securities Market Act
or the Act on trading in financial instruments.
Disclaimer: 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.
15-16 Q5 Interim Report ENG no
markup
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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