Summary of the period

1 July to 30 September 2016

  • Net turnover amounted to 13,949 (13,508) thousand SEK
  • Operating profit before depreciation, EBITDA, amounted to 2,104 (2,465) thousand SEK
  • Profit after financial items amounted to 246 (186) thousand SEK
  • Cash flow from operations amounted to 255 (-176) thousand SEK

1 January to 30 September 2016

  • Net turnover amounted to 39,666 (39,716) thousand SEK
  • Operating profit before depreciation, EBITDA, amounted to 4,438 (4,257) thousand SEK
  • Profit after financial items amounted to 693 (179) thousand SEK
  • Cash flow from operations amounted to 1,129 (6,789) thousand SEK
Corporate summary  2016 2015 2016 2015 2015
Amounts in thousand SEK jul-sep jul-sep jan-sep jan-sep jan-dec
Net turnover 13 949 13 508 39 666 39 716 56 445
Operating profit before depreciation (EBITDA) 2 104  2 465 4 438 4 257 6 235
Operating profit (EBIT) 292 1 597 844 1 784 912*
Profit after financial items 246 186 693 179 468
Operations profit 2% 12% 2% 4% 5%
Earnings per share 0,0 0,5 0,0 0,5 0,0
Cash flow from operations 255 -176 1 129 6 789 5 030
Unappropriated funds 8 342 3 644 8 342 3 644 21 806
Balance sheet total 77 828 52 923 77 828 52 923 73 677
Equity ratio 64% 40% 64% 64% 67%
* lump sum costs are discounted

Commentary from CEO Johnny Hedlund:

The third quarter has, despite holidays in much of Europe, progressed at a high pace. During the period, we noticed great interest in our products, both in Sweden and abroad. Above all, we see that our MPC480 platform, with its long-awaited performance and rich set of features, has been included in most of the proposals we have recently submitted, which of course is very gratifying.

During this quarter, our sales increased by three percent to nearly 14 million SEK, compared to the same period last year. Most significantly, we strengthened our position in Sweden and Scandinavia. For example, with our partner NetNordic, we got new orders for the deployment of fiber broadband for Öresundskraft, MittNät and Savman, totaling SEK 2.6 million SEK. We also received follow-up orders from Affärsverken in Karlskrona, and from our loyal customer in Denmark, Energi Fyn.

In September, we also got our first, smaller order from Malaysia where we have also intensified our cooperation with our distributor. Malaysia is an expanding and exciting market that we are following with great interest. In India, interest remains strong and we have received several new test projects for our products there. We hope and believe that we will be able to present several relevant cases in the future. Notwithstanding the positive surprises in these markets, some of our other markets have developed more slowly. Two such markets are Russia and Poland where we see that the rate of investment in fiber broadband has slowed down due to economic and political reasons, which of course has affected our growth potential in these areas. As a result, we have had to re-prioritize our resources to markets where we see greater potential.

We are strongly confident that our sales will increase at a faster pace in the fourth and final quarter, and that we therefore will grow by 20% quarter by quarter, both in our domestic market and also in Europe. The adjustment to reduced opportunities in the Russian and Polish markets makes it more difficult for us to reach our goal of 20% growth for the year 2016. In conjunction with the revising our annual forecast, we are also changing our sales organization. We will return to the previous model in which all sales activities will be reported directly to the CEO and we remove the role of "International Sales Manager."

We see that the EU's Digital Agenda objectives affect the interests and activities of both Scandinavia and Western Europe. Germany, for example, after many years of contemplation, has started to make investments in fiber networks. As a result, we have hired Ulrich Hammerschmidt as the National Manager for the DACH region, i.e. Germany, Austria and Switzerland. The purpose is to have our own footprint in the market and use this as a basis to start building business in the region.

As previously mentioned, our platform MPC480 been received well. In addition to the functionality and performance of the solution, we offer the platform using a pay-as-you-grow sales model that gives our customers a low initial investment cost that grows in accordance with their real-life requirements.

Looking ahead, our focus is on strengthening our presence in the Nordic region and the rest of Europe, in order to be able to make more, and bigger, deals. We also have a strong focus on product development. We will add additional functionality to enhance the benefits of the MPC480 but we are also working to broaden of our product portfolio. We provide more information about this, and hopefully many more new deals, during the winter!

For more information, contact: 


Johnny Hedlund,

CEO Waystream 


Mobile: +46 (0) 734 – 38 23 29 


Email: johnny.hedlund@waystream.com 

About Waystream 


Waystream sells and designs advanced digital infrastructure including switches and routers. With our products and expertise, we help telecom operators and service providers to offer reliable and usercentric network services with a high level of functionality. Our products are smart, easy to use and manage, and designed to create the best possible experience for the end user.

The company is traded on the NASDAQ OMX First North. Waystream’s Certified Adviser is Avanza Bank.

This information is such that the Company is obligated to provide according to EU market abuse regulations. The information is delivered, by the supervision of above contact persons, to be published on November 24, 2016 at 08:00 CET. 

Intro