Bahnhof (BAHN) Q4 2017 earnings summary

Executive summary

• FY17 revenue was SEK 993,615k vs SEK 824,166k in 2016; operating income was SEK 117,846k vs SEK 97,419k. Net income reached SEK 86,371k vs SEK 71,113k.

• Private-market broadband customers reached 282,534 households at year-end, up from 246,324 in 2016.

Financial highlights

• Profit after financial items was SEK 117,084k vs SEK 96,595k; total assets were SEK 660,220k vs SEK 520,763k.

• Operating cash flow was SEK 192,726k vs SEK 96,757k; year-end cash and bank balances were SEK 233,473k vs SEK 142,395k.

• Infrastructure investment was SEK 61.6m vs SEK 70.6m, funded from operating cash flow.

Outlook and guidance

• FY18 forecast: revenue of SEK 1,200m and operating income of SEK 145m; planned product development to continue.

• The post-year-end reorganization was expected to have no material effect on the FY18 forecast.