AI News, Mobile Payment Market to reach USD 6,884.24 billion in terms of ... artificial intelligence

Teleste Corporation Financial Statement 1.1.-31.12.2019: Net sales and adjusted operating result decreased as expected, order backlog at a good level

Cash flow from operations was EUR 4.1 (15.0) million, a decrease of 73.0%The Board of Directors proposes a dividend of EUR 0.10 (0.20) per outstanding share.Outlook for 2020Teleste does not expect the company’s net sales to deviate materially from the level of net sales for 2019 (EUR 235.5 million).

The net sales and operating result of Network Services decreased year-on-year.In the Video and Broadband Solutions business area, our strategic main objectives are, with regard to access network products, product development in distributed access architecture and the successful launch of sales in the US operator market, as well as significant growth and improved performance in video security and information solutions.With regard to access network products, the entire industry is in the middle of a technological transformation in which the next-generation distributed access architecture will provide the most competitive solution for increasing network capacity.

We won a significant project from a new customer in France, delivering a motorway security solution as announced in October.In the Network Services business area, the main focus is on sharpening the long-term strategy, focusing on higher-added-value services, and developing the operational activities.

Estimating the outlook for 2020 is made more difficult by uncertainty over the timing of new distributed access architecture investments by operator and the development of the key customer’s service demand in the German services business.The strategic priorities in 2020 includedevelopment of the distributed access architecture offering and successful launch of sales in the North American cable operator marketsignificant growth of net sales and continued profitability improvement in video security and information solutionsdevelopment of operations and improved profitability in the services business in Germany.We believe that the measures we have chosen will ensure profitable growth also in the years to come.”Group Operations October-December 20191) An alternative performance measure defined in the tables section of the report.Orders received by the Group in the fourth quarter totalled EUR 64.1 (81.0) million, a decrease of 20.8% on the reference period the previous year.

Cash flow from operations was EUR 7.9 (4.6) million, an increase of 69.2% due to a decrease in net working capital.Group Operations January-December 20191) An alternative performance measure defined in the tables section of the report.Orders received by the Group totalled EUR 237.6 (264.0) million, a decrease of 10.0%.

Net sales decreased in the Network Services business area following the end of major customer projects at the end of last year.Adjusted operating result decreased by 20.7% to EUR 7.7 (9.7) million, representing 3.3% (3.9%) of net sales.

The assets lost due to a crime committed against a foreign subsidiary and a provision for expenses associated with the handling of the case, totalling EUR 6.9 million, lower the operating result, but they have been eliminated from the adjusted operating result.

Cash flow from operations was reduced by the loss of assets due to a crime against a foreign subsidiary, an increase in inventories and a decrease in advance payments from customers compared with the exceptionally high level.Video and Broadband Solutions October-December 2019Orders received decreased year-on-year by 18.3% to EUR 41.8 (51.1) million.

The operating result decreased due to the net sales of access network products being lower than in the reference period.R&D expenses amounted to EUR 3.7 (3.4) million, representing 10.2% (9.2%) of the business area’s net sales.

Product development projects focused on distributed access architecture (including solutions designed for the US market), situational awareness and video security solutions, passenger information systems and customer-specific projects.

Product development projects focused on distributed access architecture (including solutions designed for the US market), situational awareness and video security solutions, passenger information systems and customer-specific projects.

The operating result decreased as a result of decreasing net sales in Germany but increased in England, where the focus was on higher-added-value services.Personnel and organisation January-December 2019In the period under review, the average number of people employed by the Group was 1,363 (1,393/2018, 1,492/2017).

New leases reported in accordance with IFRS 16, which was adopted on 1 January 2019, increased investments by EUR 4.3 million.Product development projects focused on distributed access architecture (including solutions designed for the US market), situational awareness and video security solutions, passenger information systems and customer-specific projects.Financing and Capital Structure January-December 2019Cash flow from operations was EUR 4.1 (15.0) million.

Cash flow from operations was reduced by lower advance payments from customers compared with the exceptionally high level of the reference year, an increase in inventories and the loss of assets due to a crime against a foreign subsidiary.Teleste Corporation has credit and loan facilities with a combined total value of EUR 50.0 million.

IFRS 16 had the following effect on key figures at the end of the period under review: equity ratio -2.9 percentage points and net gearing ratio +11.2percentage points.Key risks faced by the business areasFounded in 1954, Teleste is a technology and services company consisting of two business areas: Video and Broadband Solutions and Network Services.

Teleste’s customers include cable operators, public transport operators, train manufacturers and specified organisations in the public sector.In Video and Broadband Solutions, customer-specific and integrated deliveries of solutions create favourable conditions for growth.

Due to the favourable outcomes, Teleste retains its right to market and sell its products to customers in all of its market areas.Group structureThe parent company has a branch office in the Netherlands and subsidiaries in 14 countries outside Finland.Shares and changes in share capitalOn 31 December 2019, Tianta Oy was the largest single shareholder with a holding of 23.2%.In the period under review, the lowest price of the company’s share was EUR 5.04 (5.12) and the highest price was EUR 6.80 (7.58).

Teleste’s share is quoted in the technology section of Nasdaq Helsinki.On 4 April 2019, Teleste Corporation’s Board of Directors decided on a directed share issue without consideration, relating to the payment of the reward for the 2016-2018 performance period of Teleste Group’s share-based incentive plan 2015.

At the end of the review period, the Group’s holding of the total number of shares amounted to 4.2% (4.3%).On 31 December 2019, the company’s registered share capital stood at EUR 6,966,932.80, divided into 18,985,588 shares.Valid authorisations at the end of the review period:–The Board of Directors may acquire 1,200,000 own shares of the company otherwise than in proportion to the holdings of the shareholders with unrestricted equity through trading on the regulated market organised by Nasdaq Helsinki at the market price of the time of the purchase.–The Board of Directors may decide on issuing new shares and/or transferring the company’s own shares held by the company, so that the maximum total number of shares issued and/or transferred is 2,000,000.–

The total number of new shares to subscribe for under the special rights granted by the company and own shares held by the company to be transferred may not exceed 1,000,000 shares, which number is included in the above maximum number concerning new shares and the Group’s own shares held by the company.–These authorisations are valid until 3 October 2020.Decisions by the Annual General MeetingThe Annual General Meeting (AGM) of Teleste Corporation held on 4 April 2019 adopted the financial statements and consolidated financial statements for 2018 and discharged the members of the Board of Directors and the CEO from liability for the financial period 2018.

The authorisation overrides any previous authorisations to purchase the company’s own shares.The Annual General Meeting decided to authorise the Board of Directors to decide on issuing new shares and/or transferring the company’s own shares held by the company and/or granting special rights referred to in Chapter 10, Section 1 of the Limited Liability Companies Act, in accordance with the Board’s proposal.

New shares may be issued and the company’s own shares held by the company may be conveyed to the company’s shareholders in proportion to their current shareholdings in the company, or by waiving the shareholder’s pre-emption right, through a directed share issue if the company has a weighty financial reason to do so.

The new shares may also be issued in a free share issue to the company itself.Under the authorisation, the Board of Directors has the right to decide on issuances of new shares and/or transferring the company’s own shares held by the company, so that the maximum total number of shares issued and/or transferred is 2,000,000.

The total number of new shares to subscribe for under the special rights granted by the company and own shares held by the company to be transferred may not exceed 1,000,000 shares, which number is included in the above maximum number concerning new shares and the Group’s own shares held by the company.The authorisations are valid for eighteen (18) months from the resolution of the Annual General Meeting.

The authorisations override any previous authorisations to decide on issuances of new shares and on granting stock option rights or other special rights entitling to shares.Operating environment in 2020The business objective of Video and Broadband Solutions is to maintain its strong market position in Europe and to strengthen this market position particularly in Northern America.Demand for broadband services by cable operators continues to grow.

Net sales are estimated to decrease early in the year and begin to increase late in the year.Ensuring safety in city environments, increase of public transport services and the increasing popularity of smart digital systems for a smoother life provide a foundation for growing business.

projects in the biggest market, Germany, will have a particularly high impact on the net sales of the Network Services business area for 2020.Estimating the outlook for 2020 is made more difficult by uncertainty over the timing of new distributed access architecture investments by operators and the level of the key customer’s service demand in the German services business.Outlook for 2020Teleste does not expect the company’s net sales to deviate materially from the level of net sales for 2019 (EUR 235.5 million).

The Company will issue a statement of its corporate governance as a separate report, which will be published together with the Annual Report, and will be simultaneously available on the Company’s web site.This interim report has been compiled in compliance with IAS 34, as it is accepted within EU, using the recognition and valuation principles with those used in the Annual Report.

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Get PDF Brochure:https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/cinema-camera-market-100387 Major Segments Mentioned: On the contrary, high cost associated with upgraded technology is a factor that may restrain the global Cinema Camera market.

Owing to intense research and development taking place in the region for IoT integration in the system is likely to enable the growth in the region.

Besides this, Asia Pacific is expected to witness promising growth owing to the rising adoption of a sedentary lifestyle in nations such as India and China.

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Jan 31, 2020 (The Expresswire) -- Top Players in C4ISR Market are Lockheed Martin, Raytheon, Rockwell Collins, BAE Systems, Thales, Leonardo, Elbit Systems, and Northrop Grumman, Saab, General Dynamic, Kratos Defence and Security Solutions, Serco Inc., ManTech International Corporation, Harris Corporation, Rheinmetall Defence Increasing shift towards an online platform to fuel demand in the global C4ISR market.

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Mobile Payment Market to reach USD 6,884.24 billion in terms of Transaction Value Reflecting 28.7% CAGR; Rapid Expansion of E-commerce Businesses to Propel Growth: Fortune Business Insights™

Pune, Jan. 20, 2020 (GLOBE NEWSWIRE) -- The global Mobile Payment Market size is projected to reach a transaction value of USD 6,884.24 billion by 2026, thereby exhibiting a CAGR of 28.7% during the forecast period.

Healthcare, Transportation, Consumer Electronics, Others), and Regional Forecast, 2019-2026.” The study further states that the market is likely to gain momentum from the expansion of e-commerce businesses and increasing digitalization of payment services.

Also, several companies present in the market are persistently launching value-added services, such as reward cards to encourage consumers to use mobile payment features.

It is done because of the rising competition amongst the key players to widen their consumer bases by offering them an enhanced experience.

Out of these, Asia Pacific (APAC) had generated a transaction value of USD 445.17 billion from mobile payments in 2018 and is expected to sustain its dominant position during the forthcoming period.

Among these emerging countries, India is set to experience a high growth of the market owing to the rising adoption of mobile payment since demonetization.

Apart from that, the launch of new mobile payment solutions, surge in online shopping, and introduction to new e-commerce channels would also impact the market growth in this region positively.

The Middle East and Africa are likely to exhibit considerable growth stoked by the rising usage of smartphones and less adoption of credit cards.

Europe, on the other hand, is projected to exhibit significant growth owing to the introduction of various state-of-the-art mobile payment solutions by the established companies.

Paytm Unveils 'All-in-One QR’ While Starbucks Launches Contest for Loyalty Members  The organizations present in the market are constantly striving to launch new products to help the consumers in adopting the latest technologies.

Industry Analysis, By Component (Telephony, Unified Messaging, Collaboration Platforms, Conferencing, and Reporting and Analytics), By Organization Size (SMEs, Large Enterprises), By End-User (Banking, Financial Services, and Insurance (BFSI), IT and Telecommunications, Healthcare, Public Sector and Utilities, and Others) and Regional Forecast, 2019-2026 About us: Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth.

Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

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