03.11.2022 - Engineering & metalworking, ICT, Technology

SAF Tehnika Group turnover grows by 36%

The net turnover of SAF Tehnika Group, a manufacturer of wireless data transmission equipment, in the financial year from 1 July 2021 to 30 June 2022, was 33.97 million euros. This is according to the audited accounts and Corporate Governance Report for the financial year 2021/2022, and an increase of 36% compared to the previous financial year. The group’s profit reached 6.09 million euro.

SAF Tehnika’s parent company’s net turnover for the financial year 2021/2022 was 29.14 million euros, an increase of 39% compared to the previous financial year. The parent company’s audited profit for the financial year 2021/2022 was 5.75 million euros.

Exports accounted for 98.59% of turnover in the financial year 2021/2022 and amounted to 33.49 million euros. In the reporting year, the group’s products were sold in 81 countries worldwide. In the reporting year, the group invested 1.68 million euros in IT infrastructure, production and research equipment, software and licences, as well as product certification and renovation of premises.

The global shortage of electronic components affected the group’s operations in the financial year 2021/2022. Supply chains continue to be challenged by the war in Ukraine and alternative transport routes increase delivery times and costs. During the reporting year, the company continued to develop and improve its microwave wireless data transmission product line. The group continued its work on the design and development of the functionality of the IoT environmental monitoring solution Aranet, as well as work on the development of the cloud service Aranet Cloud.

Implementing a research project

The group continues to invest in the development of new products and product modifications. This year, SAF Tehnika has started the research project “Design and elemental basis study of a real-time spectrum analyser”, which is being carried out as part of a European Regional Development Fund programme. The aim of the study is to obtain comprehensive information on the details of the construction of a real-time analyser for a specific application, as well as to investigate the available elements and their interactions to provide optimal parameters in terms of shape, mass, power consumption, measurement parameters, and functions.

By the end of the study, the information obtained will allow the further evaluation of the resources required for developing a thorough product. Once the project is successfully completed, SAF Tehnika’s existing experience in the spectrum analyser market can be used towards potentially developing a device designed to carry out specific tasks in the field.

Growth of 49% over the previous financial year

SAF Tehnika Group’s net turnover for the 2020/2021 financial year was 25.02 million euros. This was 49% more than in the previous financial year, Labs of Latvia wrote. The group closed the 2020/2021 financial year with a profit of 3.88 million euros. The parent company’s net turnover for the 2020/2021 financial year was 20.98 million euros, up 51% year-on-year.

In the reporting year, the group invested 615 thousand euros in IT infrastructure, production and research equipment, software and licences, as well as product certification.

Source: Anda Asere (labsoflatvia.com). Publicity photo: The Aranet4 air quality monitor, a product by SAF Tehnika. 

Sign up for newsletters

Stay up to date on the monthly newsletters on recent news and activities.

Please enter valid email

Thank you! Your email has been added to mailing list!

Sign up for newsletters

Stay up to date on the monthly newsletters on recent news and activities.

Please enter valid email

Thank you! Your email has been added to mailing list!

Please fill the input fields
Thank you the file has been successfully downloaded
Back