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- Net sales for the year amounted to SEK 348.6 million (330.9).
- The proportion of recurring revenue* for the year amounted to 72.7 percent (66.8) of net sales.
- The operating loss for the year amounted to SEK 93.4 million (profit 9.5).
- The loss before tax for the year amounted to SEK 95.9 million (profit 8.8).
- Earnings per share before dilution for the year were negative in the amount of SEK 4.46 (positive 0.22).
- Growth initiatives had a negative impact of SEK 106.2 million on EBITDA. A directed new share issue of SEK 175.3** million was carried out during the year to fund the subsidiary Minium’s investment in client clearing. Minium’s operations burdened EBITDA for the year by SEK 50.3 million.
- The acquisition of assets in UK company Ancoa, active in market surveillance systems, was carried out in May. The operations burdened EBITDA for the full-year by SEK 25.3 million.
- Major deployments during the year – including the second phase of a major Brazilian clearing project and a new trading system for the Australian derivatives market.
- The Board proposes that no dividend be paid for the financial year.
* See financial definitions on p.19 in the full Year-end Report
** New share issue net after transaction costs
“We see a number of business opportunities and have in recent years made significant investments, based on our core operations, to ensure that we are properly positioned for the market’s future needs. With a stable core business, strong financial position and a business model with a high percentage of recurring revenue and long-term contracts, we look forward to continuously broadening our market and further strengthening our position in selected areas in both the short and long term”, says Veronica Augustsson, CEO, in a comment.
Attachment: Year-end Report January 1, 2017 – December 31, 2017
This information is such that Cinnober Financial Technology AB (publ) is obliged to publish under the EU Market Abuse Regulation and the Securities Market Act. This financial report was published on February 22, 2018 at 08.30 a.m. CET.
