Skip to content

Generic Sweden AB 2017 Year-End Report

February 14, 2018

2017 Year-End Report

Generic Sweden AB (publ)



Fourth Quarter of 2017 – Continuing Operations, Comparable Figures

  • Net sales amounted to 15.3 MSEK (13.2 MSEK).
  • Operating income amounted to 2.7 MSEK (1.4 MSEK).
  • Profit after tax amounted to 2.1 MSEK (0.3 MSEK).
  • Income from discontinued consulting operations: -0.3 MSEK (1.1 MSEK).
  • Total comprehensive income for the period amounted to 1.9 MSEK (3.2 MSEK).
  • Earnings per share amounted to 0.15 SEK (0.26 SEK).
  • Cash flow for the period amounted to 0.7 MSEK (-1.7 MSEK).

January–December 2017 – Continuing operations, comparable figures

  • Net sales totaled 52.8 MSEK (51.3 MSEK).
  • Operating income amounted to 4.9 MSEK (5.3 MSEK).
  • Profit after tax amounted to 4.1 MSEK (3.3 MSEK).
  • Income from discontinued consulting operations: -11.0 MSEK (2.2 MSEK).
  • Comprehensive income for the period amounted to -6.9 MSEK (7.3 MSEK).
  • Earnings per share amounted to -0.56 SEK (0.59 SEK).
  • Cash flow for the period amounted to 4.9 MSEK (-0.6 MSEK).
  • Proposed dividend: SEK 1.00 per share, of which SEK 0.70 per share is a one-time dividend related to the divestiture of the consulting business.

                  


This information is required to be disclosed by Generic Sweden under the Securities Market Act. The information was submitted for publication at 8:00 a.m. on February 14, 2018.

Phone: 08-601 38 00 Email: fredrik.svedberg@generic.se

Generic Sweden AB (publ) 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 division is a specialized telecom operator with its own network for critical communications. Services and products are offered within the Minicall and Messit product areas. The telecommunications business generated revenue of approximately SEK 50 million in 2017 and has 15 employees. The stock is traded on NASDAQ OMX First North under the ticker symbol GENI. Remium Nordic Holding AB is the company’s Certified Advisor. Additional information about the company is available at www.generic.se.

Attachments
Press Release

Release
SHARE WITH US!