Bahnhof (BAHN) Q4 2015 earnings summary

Executive summary

• 2015 consolidated revenue was SEK 649.128m; operating profit was SEK 83.341m and net profit SEK 64.541m.

• Growth initiatives included acquiring Tyfon, expanding network and data-center infrastructure, and serving 207,767 private broadband households at year-end.

Financial highlights

• Revenue was SEK 649.128m versus SEK 511.402m in 2014; profit after financial items was SEK 82.712m versus SEK 76.766m.

• Operating profit was SEK 83.341m versus SEK 76.459m; net profit was SEK 64.541m versus SEK 60.320m.

• Cash and bank balances reached SEK 157.308m, compared with SEK 112.405m at year-end 2014.

Outlook and guidance

• 2016 forecast: revenue of SEK 800m and operating profit of SEK 95m; plans include continued product development and hiring to meet demand.

• A major network infrastructure upgrade was planned during 2016 and early 2017, with most backbone investments expected to be operational in January 2017.