Corporate News

Fri, 13 May 2016 06:30:00 GMT
REPORT JANUARY – MARCH 2016

-- Net sales in the period was MSEK 45 (43).

-- The Gross margin for the period was 40% (59%). Gross profit for the period was MSEK 18 (25).

-- Earnings before depreciation and amortization (EBITDA) for the period was MSEK -55 (-12).

-- The Result after tax for the period was MSEK -62 (-6).

-- Earnings per share before and after dilution for the period was SEK -0.06 (-0.01).

-- Cash flow during the period was MSEK -2 (29). Cash flow from operating activities before changes in working capital for the period was MSEK -55 (-4). Cash flow from financing activities during the period was MSEK 30 (33).

Anoto Group AB As a pure holding company, Anoto Group AB has a limited number of corporate functions.

Accounting policies This interim report was prepared in accordance with IAS 34, Interim Financial Reporting and applicable parts of the Swedish Annual Accounts Act chapter 9. For information about the accounting policies applied, refer to the 2015 annual report. The accounting policies are unchanged from those applied in 2015.

Risk factors and uncertainties At the close of the period, the group’s total cash amounted to MSEK 9. The Company does not have sufficient funds to operate for the next twelve months from the publishing date of this report. The Company’s Board of Directors believes, based on the current business model and projected revenue growth, that the Company will require additional working capital of 30 MSEK due to the increased production of digital pens during Q4 of 2016. The required working capital will be secured through additional financing with or without deviation from the shareholders’ preferential rights. No significant additional risks are deemed to have arisen beyond those described in the prospectus dated May 2nd 2016.

Related party transactions One of the largest shareholders of Anoto, Aurora Investment Ltd (owned by TStone), has been represented on the board of directors since the Annual Meeting in May 2010. Transactions with companies within the TStone group amounts to MSEK 3 during 2016. All transactions have been made on normal commercial conditions. Antonio Mugica, representing the second largest shareholder (Goldeigen Kapital), is also the CEO of Anotos partner Smartmatic, has been a member of the Board since the AGM 2014. Transactions with companies Smartmatic amounts to MSEK 1 during 2016. All transactions have been made on normal commercial conditions.

Transactions and activities after MARCH 31, 2016. The Company initiated a strategic restructuring on April 22, 2016 that is expected to be completed by the end of June 2016. The primary focus of the restructuring is to improve the Company’s efficiency within product development and sales activities as well as streamlining of general operations and utilization of resources. The restructuring is projected to lead to annual savings of 40 MSEK following a one-time cost of approximately 8 MSEK over the next six months. On May 2, 2016 the Company secured an additional 10 MSEK of bridge funding through a Swedish Bank.

SHARE DATA The Anoto share is listed on the NASDAQ OMX Nordic Small Cap List in Stockholm. The total number of shares at the end of the period amounts to 1,073,193,827.

LEGAL ACTIVITIES The Company has filed patent infringement suits in Japan against NeoLAB Corporation (“NeoLAB), a subsidiary of NeoLAB Convergence, and Uchida Yoko Co. Ltd. Anoto is seeking all available remedies, including but not limited to injunctive relief against importation of NeoLAB’s pen products and notebooks.

The lawsuits, filed with the Civil Division of the Tokyo District Court, are based on Anoto’s Japanese patents 4245474, 4928696, and 4613251. The suits are focused on Anoto’s patented methods for digital pen design and optical pattern processing.

The lawsuit is ongoing.

Anoto Group AB may be required to disclose the information provided herein pursuant to the Securities Markets Act. The information was submitted for publication at 08.30 on May 13, 2016.

For more information, see www.anoto.com/investors.

Calendar 2016

AGM 9th June

For more information Please contact:

Joonhee Won, CEO Email: ir@anoto.com

Anoto Group AB (publ.), Corp. Id. No. 556532-3929 Mobilvägen 10,SE-223 62 Lund Phone: +46 46 540 12 00 www.anoto.com


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