Publish date: 2015-04-28
HANZA, listed on First North Premier, today announces April 28 its interim report for the first three months. The company reports an improvement in the market and that the company's factory mergers have been implemented according to plan. The result has improved, but is still not satisfactory. The Board estimates that a capitalization plan for the Company, as announced in the annual report can be presented in the second quarter 2015th
First quarter (1 January to 31 March 2015)
Erik Stenfors, CEO HANZA, comments the report:
"HANZAs results are not yet satisfactory. Efficiency improvements performed impacted the quarter positively, while the cost of factory mergers negatively. In total the operating income improved by over 8 million SEK compared to the previous quarter. We foresee a continued improvement in earnings in the second quarter and will take further measures to increase profitability."
"We have, in the last interim reports, reported that the company needs capital for the continued development and the Board is actively working with a capitalization".
"Market-wise, we are on the way to establish HANZA as a modern alternative to traditional contract manufacturers. Today we have a record order backlog and predict that our sales success will continue in 2015 with our new product, MIG TM ”
The information in this press release is such that HANZA must disclose it in accordance with the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 08.50 am (CET), April 28, 2015. Erik Penser Bankaktiebolag is the company's certified adviser.
This press release may contain certain forward-looking statements that reflect HANZA’s current views of future events and financial and operational performance. Words such as "intends", "anticipates", "expects", "may", "plan ", "anticipate" or similar expressions regarding indications or predictions of future developments or trends, and are not based on historical facts, constitute forward-looking information. Forward-looking information is inherently associated with both known and unknown risks and uncertainties because it is dependent on future events and circumstances. Forward-looking statements are not guarantees regarding future results or developments and actual results may differ materially from those set forth in forward-looking information.
HANZA is a fast growing industrial business partner within manufacturing. The company offers a unique combination of advisory services and tailormade manufacturing solutions that increases growth and profitability for its customers. HANZA was founded in 2008 and has grown into a billion SEK company. The Company currently operates in Sweden, Finland, Estonia, Poland, Czech Republic and China. Among HANZA’s clients there are leading industrial companies such as Kone, Konecranes, Atlas Copco, ABB and Saab Defense.