Fingerprint Cards AB: Interim report January - June 2018
(WorldNews Sweden)

Highlights of the quarter The sales trend stabilized somewhat, with sequential revenue growth of 35% Positive cash flow from operating activities, driven by a sequentially improved operating result, excluding nonrecurring items and a tax refund As announced on June 4, further cost reduction measures are being implemented, which are estimated to yield savings of at least SEK 350 M on an annual basis Operating profit is impacted by restructuring costs of SEK 43.2 M and two non-cash items: an inventory write-down of SEK 305.0 M and a write-down of capitalized R&D projects amounting to SEK 146.6 M Excluding restructuring costs and write-downs, the operating margin was negative 21% (pos: 15). The...