Brief: Precise Biometrics core profit falls to SEK 3.8 mln, sees flat 2017 sales

Precise Biometrics AB

14/02/2017 07:00

Feb 14 (Reuters) - Precise Biometrics Ab  PREC.ST : 
    * Continued growth and strategic acquisition 
    * Q4 consolidated net sales increased to SEK 25.7 (23.5) 
million. 
    * Q4 operating profit before depreciation (EBITDA) totaled 
SEK 3.8 (6.7) million. 
    * Q4 cash flow from operations improved to SEK 11.8 (8.8) 
million 
    * Says expects net sales for full year to be in line with 
net sales for 2016 
    * Says anticipates a weaker revenue development during the 
first half of the year because of reduced revenues from FPC 
    * Says expects gradually increasing volumes starting from 
the second half of the year 
    * CEO says "I am confident that Precise Biometrics 
thereafter will continue to have a high growth considering our 
position in the market." 
 
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 ((Olof.Swahnberg@thomsonreuters.com;))