05 March 2018
Sivers IMA Holdings AB, owners of CST Global and Sivers IMA, has reported a 174% increase in operating income from January to December 2017, compared to the same period in 2016. The company reported a 259% increase in net sales turnover, for the period and became EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) positive, in Q4, 2017; indicating the underlying strength of the company following the merger with CST Global. Sivers IMA Holdings AB also transferred its share trading to Nasdaq First North, in November, 2017.
Anders Storm, CEO at Sivers IMA Holdings AB, stated, “The 2017 results clearly demonstrate that the acquisition of CST Global by Sivers IMA Holdings AB is both a strategic and commercial success. Both companies manufacture key, enabling, technology products in the microwave and photonics, semiconductor markets. We have made significant investments to increase capacity and meet demand in these rapidly-growing sectors. However, we have already delivered a faster return on investment than expected, with an EBIT positive performance in Q4.”
Operating income for the period was SEK 95,837,000 (up from 35,012,000) and net sales were SEK 65,493,000 (from 18,224,000). EBITDA was SEK negative 19,568,000 for the period, but became EBITDA positive, at SEK 1,525,000, in Q4. The equity per share reached SEK 2.12, up from SEK 1.34, in 2016.
Significant events during Q4 2017 included:
Significant events occurring after the 2017 year end: