Thursday, October 27, 2016

Fingerprint rages after rapportmissen – Svenska Dagbladet

Photo: Björn Larsson Rosvall/TT

Fingerprint fell 3 per cent, on the stock exchange on Wednesday, which suggested that the market got cold feet prior to the company’s report on Thursday. And very real: the Fingerprint the miss expectations on both the revenue and operating income for the third quarter of 2016. After the gloomy news concerning plummeting the share of 7-8 per cent in the börsöppningen.

at the same time has a Fingerprint nearly doubled revenues in the third quarter of this year against last year. In the year, revenues amounted to sek 1 862 million, against last year’s 964 million.

But it is still clearly lower than the expected 1 944 million. And also the operating profit landed below expectations, 767 million against the expected 778 million, according to SME Direkt compilation. Last year’s operating income for Q3 was 346 million.

at the same time lifts the ceo: Christian Fredrikson presented the company’s high margins, where the report came in higher than expected. The operating margin landed at 41 per cent, against the expected 40 per cent and 36 per cent of last year’s third quarter. Gross margin was 49%, against 45 per cent in the Q3 of last year.

– The high gross margin of 49% reflects our leadership in a market where the competition is gradually increasing. I am especially pleased to see that the operating prot increase of 121 per cent exceeds the revenue growth, he writes in the report.

Thursday report lowers, however, the ceo forecast for helårsintäkterna. For the full year 2016 estimates Fingerprint now that revenue will fall between 7 200 and 7 500 million – in the lower part of the previously stated range of 7 200 – 8 300 million.

” the main Reason for this is that a couple of our customers have reduced their short-term production forecasts of already launched smartphones. We are raising at the same time, the forecast for full-year operating margin to around 40 percent, writes ceo Christian Fredrikson.

president and Ceo, writes on to the market for the company’s sensors continues to develop positively, primarily within the smartphonesegmentet. During the third quarter of this year, there have been 36 launches of mobile devices with sensors from Fingerprint, which means that the company has crossed the 100 launches for the full year.

– We are the largest supplier of sensors and estimates that our market share in 2016 will be in the middle of the range 50-70 per cent of the addressable market, i.e. excluding Apple, writes Christian Fredrikson.

While he is a growing market, even outside the world of cell phones, personal computers, and debit cards.

– We are already an active product and business development, together with the relevant partners in these areas and is now accelerating our investments to become a world leader in these new segments. This means continued and increasing investments, primarily in Research and Development (R & d), sales and business development, he writes.

Earnings per share increased in the third quarter to 1.91 krona (sek 1.12 sek) cash flow from operating activities amounted to eur 134.5 million (sek 298 million).


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