The turnover of the North America and Latin America region amounted to 47% or EUR 2.5 million. Compared to the same quarter of the previous financial year, the turnover has decreased by 40%.
The European region accounted for 36% of turnover, amounting to EUR 1.9 million, an increase of 24% compared with the fourth quarter of the previous financial year. Turnover in the Asia, Africa and Middle East region doubled compared with the corresponding quarter of the previous financial year, representing 16% of the total quarterly turnover (or EUR 846 thousand).
As noted in previous reports, fluctuations in quarterly turnover are influenced by the completion of individual projects. Projects can vary in scope and complexity, and their execution is influenced by both the duration of the production process and the lead times for material procurement. As a result, the dispatch of goods and the recognition of revenue often take place only in subsequent quarters. The Group’s cash balance in the balance sheet at the end of the period was EUR 4.8 million. Advances received from customers for goods totaled EUR 3.9 million.
In the reporting quarter, the Group’s products were sold in 73 countries.
The Group’s costs did not exceed the planned levels, and The Group continues to invest in the development of new products and product modifications.
The consolidated unaudited result for the twelve months of the 2024/2025 financial year is a loss of EUR 820 thousand. The Group reported a loss of EUR 2.37 million for the 2023/2024 financial year.
Although hostilities in Ukraine do not have a direct impact on the Group’s activities, the general uncertainty in the business environment remains.
During the quarter, there were no major changes in the microwave radio market. We believe that significant and rapid changes in the microwave radio market are not expected in the near future. SAF Tehnika continues to foster close collaboration with its clients and partners to proactively identify and mitigate potential risks, as well as to assess new opportunities for development. The Group continuously monitors changes in the global trade environment, including potential tariff adjustments in the United States.
The Group has no clients or suppliers in the region affected by armed conflict (Russia, Ukraine or Belarus); therefore, no impact on order volumes has been observed.
The company’s goal is to stabilize turnover to ensure a positive net result in the long term.
About SAF Tehnika:
„SAF Tehnika” JSC is an ISO certified wireless data transmission equipment manufacturer. The company's products are produced in Latvia, Europe and sold in over 130 countries worldwide. „SAF Tehnika” has been listed on Nasdaq Riga since 2004. SAF Tehnika wholly owns subsidiaries “SAF North America” LLC, which operates from Denver, CO, USA and serves the North American market and “SAF Tehnika Asia PTE” LTD in Singapore.
Additional information:
Zane Jozepa
CFO, Member of the Board
zane.jozepa@saftehnika.com
www.saftehnika.com