Interim Report Jan–Sep 2019 Generic Sweden AB
November 15, 2019
Third Quarter of 2019 (compared with the same period the previous year)
- Net sales increased by 23% to 17.2 MSEK (14.1 MSEK)
- Operating profit (EBIT) rose by 54% to 4.0 MSEK (2.6 MSEK)
- Earnings per share amounted to SEK 0.26 (SEK 0.16)
- Cash flow from operating activities amounted to 2.7 MSEK (3.5 MSEK)
January–September 2019 (compared with the same period last year)
- Net sales increased to 50.7 MSEK (43.4 MSEK)
- Operating profit (EBIT) increased by 61% to 8.9 MSEK (5.5 MSEK)
- Earnings per share amounted to SEK 0.57 (SEK 0.35)
- Cash flow from operating activities amounted to 6.2 MSEK (8.1 MSEK).
- Change in accounting standard from IFRS to K3 as of January 1, 2019. Figures for the prior years have been adjusted.
Note
Generic Sweden AB (publ) is required to disclose this information in accordance with the EU Market Abuse Regulation.
The information was provided by Anders Hansson for publication at 8:00 a.m. on November 15, 2019.
| Generic Sweden AB was founded in 1993 and is today a pure-play telecommunications company specializing in alarm, SMS, and fax services with the highest level of reliability. The telecommunications business is operated through the subsidiary Generic Mobile, a specialized telecom operator with its own network for critical communications. Services and products are offered in the Minicall and Messit product areas. The telecommunications division generated approximately SEK 60 million in revenue in 2018 and has 18 employees. The stock is traded on NASDAQ OMX First North under the ticker symbol GENI. Mangold Fondkommission AB is the company’s Certified Adviser, 08/503 015 50. ca@mangold.se. Additional information about the company is available at www.generic.se |