Brief: Serstech AB Q4 Net Sales Sek 3.8 Million

Serstech AB

27/02/2020 07:50

Feb 27 (Reuters) - Serstech AB  SERT.ST :
    * REG-SERSTECH AB: YEAR-END REPORT 1 JANUARY - 31 DECEMBER 2019
    * Q4 NET SALES SEK 3.8 MILLION VERSUS SEK 5.1 MILLION YEAR AGO
    * Q4 PROFIT FOR QUARTER: KSEK -6 131 (-181)
    * IN 2020, WE WILL BEAT 50% GROWTH GOAL WITH A WIDE MARGIN - CEO
    * COMBINATION OF FACTORS - OUR PACE IN RESEARCH AND DEVELOPMENT, OUR GROWING SALES TEAM, OUR
RAPIDLY IMPROVING SALES CHANNEL AND RELATIVELY SLOWER COMPETITORS - MAKES ME HIGHLY OPTIMISTIC
ABOUT FUTURE - CEO
    * BY END OF YEAR, WE HAD 70 ACTIVE SALES PART-NERSHIPS AND WE EXPECT THIS NUMBER TO SHOW A
NET
INCREASE DURING 2020
    * IN 2020, WE PLAN TO ALMOST DOUBLE OUR RESEARCH AND DEVELOPMENT TEAM AND MORE THAN DOUBLE
OUR
SALES TEAM - ALL-IN-ALL, WE PLAN TO HIRE 15 PEOPLE TO OUR TEAMS IN SWEDEN AND ROMANIA THIS YEAR

Source text for Eikon:  ID:nGNE2pl8l7 
Further company coverage:  SERT.ST 

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