Annual financial report
HansaMatrix Audited Consolidated and Parent Company Audited Financial Report for the Year 2021
Revenue from contracts with HansaMatrix Group customers in fiscal year 2021 amounted to €21.96 million, down 2.77% compared to the prior fiscal year 2020. 2021, the group significantly improved the EBITDA profitability of operating cash flow, reaching an EBITDA of 3.732 million euros, an increase of 23% compared to 2020; net loss amounted to €1.952 million compared to net loss of €0.847 million in 2020. Group normalized profit in 2021 amounted to €0.928 million and was 107 % to the corresponding indicator for 2020 of 0.449 million euros.
Riga, 2022-04-29 20:46 CEST — The HansaMatrix Group closed the 2021 reporting period with revenue from contracts with customers (hereinafter – revenue) of 21.96 million euros, which is 2.77% less than the 22, 59 million euros declared in the previous period. During the period under review, the Group recorded an EBITDA result of 3.732 million euros, compared to 3.034 million euros in 2020; the net loss amounted to €1.952 million, compared to a net loss of €0.847 million in 2020.
For a better comparison of profitability, the Group calculates the normalized profit, which in 2021 amounted to 0.928 million euros and was 107% higher than the corresponding indicator for 2020 of 0.449 million euros.
The parent company closed the year 2021 with a net turnover of 21.36 million euros, 0.13% less than the 21.39 million euros of the previous period. During the reporting period, EBITDA amounted to €1,877 million, up 60.15%, compared to €1.172 million in 2020; the net profit is negative and amounts to 1,453 million euros against a net loss of 0.656 million euros in 2020.
The slight drop in the Group’s revenue in 2021 is explained by the global shortage of electronic components. In the first half of 2021, the Group managed the risks of global component and supply chain shortages very well and achieved very good results, while in the second half of 2021 the availability of semiconductors had a significant impact on the Group’s financial results, however, the Group’s EBITDA growth in 2021 is a good performance and is explained by a relatively higher proportion of high value-added products and an increasing demand in the data network and the industrial sector.
The Group’s net profit in 2021 was negatively impacted by a number of non-cash positions, including changes in fair value of investments in SIA Zinātnes parks, losses of investments in associates, changes in fair value the EIB guarantee and the EIB loan, as well as the interest charges linked to the lease.
The significant losses in 2021 are mainly due to the Group’s assessment of the recoverable value of investments in SIA Zinātnes Parks of €1,358 million due to the significant increase in construction costs for new industrial objects in 2021, due to a loss of the associated company SIA Lightspace Technologies, which are recognized in the Group’s 2021 comprehensive income statement for 0.837 million euros and in addition to the revaluation at fair value by the Group of the guarantee securities bonds issued under the European Investment Bank (EIB) financing agreement due to the decline in the weighted weight of HansaMatrix average share price, reducing the book value of the convertible collateral securities. Overall, in 2021, the fair value of the aforementioned security increased by €0.228 million, reducing the Group’s net income by the same amount.
During the 12 months of 2021, the Group invested €1.121 million in increasing production capacity, research instruments, test systems and new product development.
Please see explanations of the differences between the audited Group financial results and the operating financial results in 2021 on page 123 of the Consolidated and parent company audited financial reports for the financial year 2020 (hereafter – the financial report)
the definitions of the alternative performance indicators (APIs) used in the press release can be found on page 127 of theFinancial report.
- Consolidated and audited financial reports of HansaMatrix for the financial year 2021 (iXBRL and PDF).
- The auditor’s report.
- Executive Board and Board compensation report for the 2021 financial year.
- Report on corporate governance for the 2021 financial year.
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About AS HansaMatrix
HansaMatrix is a fast-growing, high-tech company offering comprehensive product design, industrialization and manufacturing services in data networking, Internet of Things, industry and other high-intensity business sectors. added value.