Generic Sweden AB Interim Report Jan–Sep 2017
November 17, 2017
Interim Report: January 1 – September 30, 2017
Generic Sweden AB (publ)
Third Quarter of 2017 – Continuing Operations, Comparable Figures
- Net sales amounted to 12.2 MSEK (12.4 MSEK).
- Operating income amounted to 1.3 MSEK (1.9 MSEK).
- Profit after tax amounted to 1.2 MSEK (1.5 MSEK).
- Income from discontinued consulting operations: SEK -1.9 million (SEK -0.1 million).
- Comprehensive income for the period amounted to -0.6 MSEK (1.3 MSEK).
- Earnings per share amounted to -0.05 SEK (0.11 SEK).
- Cash flow for the period amounted to 1.9 MSEK (2.5 MSEK).
January–September 2017 – Continuing operations, comparable figures
- Net sales amounted to 37.5 MSEK (38.1 MSEK).
- Operating income amounted to 2.2 MSEK (3.9 MSEK).
- Profit after tax amounted to 1.9 MSEK (3.0 MSEK).
- Income from discontinued consulting operations: SEK -10.7 million (SEK 1.1 million).
- Comprehensive income for the period amounted to -8.8 MSEK (4.1 MSEK).
- Earnings per share amounted to -0.71 SEK (0.33 SEK).
- Cash flow for the period amounted to 4.2 MSEK (1.2 MSEK).
| Generic Sweden AB was founded in 1993 and is today a pure-play telecommunications business specializing in alarm, SMS, and fax services with the highest level of reliability. The telecommunications business is operated by the subsidiary Generic Mobile, 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 division generated revenue of approximately SEK 50 million in 2016 and has 16 employees. The stock is traded on NASDAQ OMX First North Premier under the ticker symbol GENI. Remium Nordic AB is the company’s Certified Advisor. Further information about the company is available at www.generic.se |