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Last €2.82 EUR
Change Today -0.088 / -3.02%
Volume 0.0
As of 9:29 AM 10/2/15 All times are local (Market data is delayed by at least 15 minutes).

saf tehnika (VTZ) Snapshot

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52 Week High
08/18/15 - €3.04
52 Week Low
10/6/14 - €1.63
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saf tehnika (VTZ) Details

A/S SAF Tehnika develops, manufactures, and distributes digital microwave data transmission equipment. The company provides wireless broadband connectivity solutions for digital voice and data transmissions to fixed and mobile network operators, as well as data transmission service providers in public and private sectors. It offers CFIP radios; Freemile, an outdoor hybrid radio system for use in unlicensed frequency bands; and Integra, a radio system. The company also provides Spectrum Compact, a measurement tool for field engineers for telecom, broadcasting, and other industries using radio technologies. In addition, it resells antennas, cables, OEM products, and various accessories. A/S SAF Tehnika was founded in 1999 and is headquartered in Riga, Latvia.

178 Employees
Last Reported Date: 08/12/15
Founded in 1999

saf tehnika (VTZ) Top Compensated Officers

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Executives, Board Directors

saf tehnika (VTZ) Key Developments

SAF TEHNIKA Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended June 30, 2015

SAF TEHNIKA reported unaudited consolidated earnings results for the fourth quarter and full year ended June 30, 2015. For the year, the company reported net sales of EUR 12,819,253 compared to EUR 12,025,751 a year ago. Total income was EUR 13,223,172 against EUR 12,355,900 a year ago. EBIT was EUR 1,007,214 against EUR 304,300 a year ago. EBT was EUR 1,386,441 against EUR 151,559 a year ago. Profit after taxes was EUR 1,208,522 against EUR 127,049 a year ago. EPS was EUR 0.41 against EUR 0.04 per share a year ago. Cash generated from operations was EUR 2,085,840 against EUR 735,285 a year ago. Cash paid for purchasing non-current physical assets was EUR 436,179 against EUR 313,622 a year ago. For the quarter, the company reported net sales of EUR 3,221,786 compared to EUR 3,460,339 a year ago. Total income was EUR 3,427,072 against EUR 3,772,911 a year ago. EBIT was EUR 302,608 against EUR 720,155 a year ago. EBT was EUR 252,810 against EUR 732,037 a year ago. Net profit was EUR 276,584 against EUR 707,527 a year ago. EPS was EUR 0.09 against EUR 0.24 per share a year ago. EBITDA was EUR 407,207 against EUR 819,577 a year ago. Return on equity was 2% against 6% a year ago. Return on assets was 2% against 7% a year ago.

SAF Tehnika Elects Zane Jozepa to the Board

SAF Tehnika announced that according to the decision of the company's Council as of June 5, 2015, Zane Jozepa is elected as the company's Board member starting June 8, 2015. Besides, Zane Jozepa is holding a position of Chief Financial Officer. From 2006 till day of commencing her duties in SAF Tehnika, Zane has worked for SIA Citrus Solutions.

SAF Tehnika Announces Executive Changes

SAF Tehnika announced that as of May 15, 2015, Zane Jozepa is appointed as the company's Chief Financial Officer. Within a month the company also expect Zane Jozepa to take up a position of a Board Member, thus replacing the company's COO Aira Loite whose leave from the company is related to her wish to apply for studies in a new fields and desire to decrease workload temporarily. At the same time SAF Tehnika confirms that the expected changes in the company's management are not related to the changes in the company's strategy of the product development and international operations. Zane Jozepa has worked since 2006 till day of commencing her duties in SAF Tehnika for SIA Citrus Solutions, the company providing design, building and maintenance services for engineering and technical systems and infrastructure, and being daughter company of the leading IT and telecommunications services provider in Latvia – Lattelecom. Initially she started as financial controller and become a Head of Finance in 2008 and a Board Member in 2012.


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