CLX Communications AB (publ): Year-End Report, July 2015 - December 2016
17 February 2017 - 5:40PM
Sixth quarter, October - December 2016
-
Net sales increased by 145 percent to SEK 669.6
million (273.5). Organic growth was 35 percent.
-
EBITDA amounted to SEK 68.1 million
(27.9).
-
EBITDA excluding items affecting comparability
1 (adjusted
EBITDA) amounted to SEK 76.0 million (29.4).
-
EBIT amounted to SEK 46.5 million (26.0).
-
Net profit for the quarter amounted to SEK 53.2
million (20.0).
-
Diluted earnings per share amounted to SEK 1.09
(0.53).
July 2015 - December 2016
-
Net sales increased by 53 percent to SEK 2,333.9
million (1,361.1). Organic growth was 28 percent.
-
EBITDA amounted to SEK 161.9 million
(134.5).
-
EBITDA excluding items affecting
comparability1 (adjusted
EBITDA) amounted to SEK 238.0 million (141.7).
-
EBIT amounted to SEK 112.5 (126.7).
-
Net profit for the period amounted to SEK 111.6
million (82.3).
-
Diluted earnings per share amounted to SEK 2.56
(2.27).
Significant events during the quarter
-
On December 5, an extraordinary general meeting
resolved to introduce a long-term incentive scheme for senior
executives and key employees within CLX, by issuing a maximum of
1,500,000 warrants with exercise after 3/4/5 years. If fully
exercised, dilution will be approximately 3 percent.
-
On December 20, CLX completed the acquisition of
Sinch AB. Sinch is a leading developer of solutions for cloud-based
voice communications and, since it was founded in 2014, has become
a successful supplier to several global app and web companies. The
purchase price was paid with SEK 55.0 million in cash and through a
non-cash issue of 885,797 shares in CLX at a price of SEK 94.75,
giving a purchase price on a debt-free basis of SEK 138.9
million.
Significant events after the end of the period
-
Under the incentive scheme adopted on December
5, nearly 1,200,000 warrants have been subscribed for by senior
executives and key employees within CLX. The scheme has thus
achieved a subscription rate of approximately 80%. Participants
outside the US and the UK have paid a premium of SEK 9.56 per
warrant, while participants in the US and the UK received their
warrants without any monetary compensation. Through this CLX has
raised SEK 7.3 million.
-
An acquisition of Xura Secure Communications
GmbH was completed on February 16 and will be included in the
consolidated accounts from that date. The purchase price was USD
15.5 million on a cash- and debt-free basis. Xura is based in
Munich and had 16 employees at 31 December 2016. Xura had sales in
2016 of approximately EUR 25.5 million with EBITDA of approximately
EUR 2.1 million. The acquisition is being financed with expanded
credit facilities of GBP 12.5 million.
1) For a specification of items affecting
comparability, see the table on page 3.
Invitation to report presentation by phone or online
The report will be presented at a phone conference
at 09.30 CET on February 17.
To participate in the report presentation by phone, please
call:
SE: +46-8-566 425 08
UK: +44-2030 089 807
US: +1-855-753 2235
To watch the presentation online:
https://wonderland.videosync.fi/clx-communications-q4-report-2016
About CLX Communications
CLX Communications (CLX) is a leading global
provider of cloud-based communications services and solutions to
enterprises and mobile operators. Mobile communications services
from CLX make it possible for enterprises to communicate globally
with their customers and connected devices (Internet of Things,
IoT) swiftly, securely and cost-effectively. CLX's solutions enable
business-critical communication worldwide via mobile messaging
services (SMS), voice services and mobile connectivity services for
IoT. CLX has grown profitably since the company was founded. The
Group is headquartered in Stockholm, Sweden, and has a presence in
an additional 20 countries. The shares of CLX Communications are
listed on the Nasdaq Stockholm exchange (ticker CLX).
15-16 Q6 Year-End Report
ENG
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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