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GomSpace (Provider of Nanosatellites) Announces its Quarterly Results for the Fourth Quarter 2016STOCKHOLM, Feb 28, 2017 /PRNewswire/ -- GS Sweden AB (the "Company") announces its interim report for the fourth quarter of 2016. The report is available on the Company's homepage (www.gomspace.com). The following is taken from the quarterly report: Fourth quarter summary 1 October - 31 December 2016 (2015)
1 January - 31 December 2016 (2015)
"The result after a growth in revenue of 59 percent and a gross profit at 47 percent, is slightly under our growth targets. The revenue and gross profit has been adjusted due to changes in revenue recognition and due to elimination of partial revenue and profit from Aerial & Maritime Ltd. The underlying performance, without adjustments, are however better than our growth plan. The revenue growth would be 82 percent with a gross profit of 53 percent. The operating profit is SEK -14.5 million and the profit for the year is equal to SEK 9 million. The extraordinary positive result is due to a non-cash financial income at SEK 21,4 million, from the establishment of Aerial & Maritime Ltd. Based on this we conclude, that we are following our growth plan," CEO Niels Buus commented. For more information, please contact: Niels Buus (CEO) Miscellaneous
About GS Sweden AB The Company's business operations are mainly conducted through the wholly-owned Danish subsidiary, GomSpace ApS, with operational office in Aalborg, Denmark. GomSpace is a space company with a mission to be engaged in the global market for space systems and services by introducing new products, i.e. components, platforms and systems based on innovation within professional nanosatellites. The Company is listed on the Nasdaq First North Premier exchange under the ticker GOMX. FNCA Sweden AB is the Company's Certified Adviser. For more information, please visit our website on www.gomspace.com. This information was brought to you by Cision http://news.cision.com The following files are available for download:
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