The turnover of the North and Latin American region amounted to EUR 4 million, representing 51% of total turnover. Compared to the same quarter of the previous fiscal year, turnover decreased by 15%.
The turnover of the European region amounted to EUR 3.1 million, representing 40% of total turnover. This is 6% lower than in the first quarter of the previous fiscal year.
Despite the decrease in turnover compared to the first quarter of the previous year, the sales volume was 50% higher than in both the third and fourth quarters of the previous year.
In the reporting quarter, the Group sold goods in 69 countries.
The Group's expenses amount did not exceed that was planned in the budget. The Group continues to invest in new products and in the development of product modifications.
The Group closed the first quarter of fiscal year 2025/2026 with an unaudited profit of EUR 693 thousand. In the first quarter of the previous fiscal year, the Group reported a profit of EUR 814 thousand.
During the reporting quarter, an investment was made in SIA "PLUFF". The company's line of business is the production of plastic injection-moulded products and the provision of milling services. In accordance with the signed share capital agreement, SAF Tehnika acquired 300 shares, representing 30% of the company's share capital.
During the reporting period, the Group continued developing its microwave wireless data transmission product lines, focusing on identifying and implementing solutions to enhance product functionality and quality while reducing production costs. It also advanced the development and functionality of its Internet of Things (IoT) environmental monitoring solution, Aranet, along with the Aranet Cloud service. Aranet is an industrial-grade wireless solution that enables the measurement of a range of environmental parameters, including temperature, humidity, radon, and CO2.
The company's goal is to stabilize its turnover to ensure a positive net result over the long term. The Group continues to advance innovative data transmission solutions, combining high quality with the ability to meet specific customer requirements. The Board of SAF Tehnika remains cautious and refrains from providing specific sales and operational performance forecasts.
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