Brief: Waystream Holding Q1 Operating Profit Down At SEK 4.2 Mln
21/04/2022 10:56
April 21 (Reuters) - Waystream Holding AB (publ) WAYSH.ST :
* Q1 NET SALES SEK 25.3 MILLION VERSUS SEK 21.1 MILLION YEAR
AGO
* Q1 OPERATING PROFIT SEK 4.2 MILLION VERSUS PROFIT SEK 5.9
MILLION YEAR AGO
* CONTINUED TO EXPERIENCE STRONG DEMAND FOR OUR PRODUCTS
DURING
Q1, FROM BOTH NEW AND EXISTING CUSTOMERS
* BOTH INCREASE IN REVENUE AND LOWER OPERATING RESULT
COMPARED
WITH 2021 ARE DUE TO OUR INVESTMENTS IN SALES, MARKETING, AND
PRODUCT DEVELOPMENT
* WE STEPPED INTO 2022 WITH A LARGER ORDER BACKLOG THAN IN
PREVIOUS YEARS, AND THIS TREND HAS CONTINUED DURING Q1
* WE HAVE NOT BEEN ABLE TO MEET DEMAND FOR OUR PRODUCTS,
WHICH HAS
RESULTED IN SOMEWHAT LONGER DELIVERY TIMES
* WE EXPECT TO BE AFFECTED BY COMPONENT SHORTAGE THROUGHOUT
2022,
AND PROBABLY EVEN DURING FIRST HALF OF 2023, BUT ARE WORKING
ACTIVELY TO MINIMISE ASSOCIATED EFFECTS
* OUR CUSTOMERS ARE DEMONSTRATING A GRASP OF EFFECTS OF
GLOBAL
SEMICONDUCTOR/COMPONENT SHORTAGE ON OUR INDUSTRY, AND PLACING
THEIR ORDERS WITH LONGER FORESIGHT
Source text for Eikon: ID:nWkr5jdZ17
Further company coverage: WAYSH.ST
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