This reflects a decline of 0.8% when compared with
net sales of USD68.0m in the four-week fiscal month ended 4 August 2018.
Also, the company reaffirmed its outlook for the year 2019 and continues to expect
net sales to grow in 2019, as compared with EUR10.047m in 2018.
The 11% increase year-over-year in Q1-19
net sales reflects positive growth in Southern Europe and in Northern & Central Europe.
Advanced Connectivity Solutions reported 2019 second quarter
net sales of $92.5 million, a 15.0% increase compared to 2019 first quarter
net sales of $80.5 million and a 21.1% increase compared to 2018 second quarter
net sales of $76.4 million.
Net sales of the Convenience business area were [euro]101.2 million ($113.7 million) and
net sales of the Care business area were [euro]8.5 million ($9.5 million).
Selling, general and administrative expenses (SG&A) were $414.5 million, or 3.96 percent of
net sales, compared to $429.0 million, or 4.28 percent of
net sales in the prior-year quarter.
Net sales grew for the fifth consecutive quarter to USD4.5m for the second quarter ended 30 June 2018, up 17.6% over
net sales of USD3.8m the second quarter of 2017.
First Half Results of Operations: For the first half ended June 30, 2017 (2017 first half), consolidated
net sales of $5,401 million increased $384 million, or 8%, compared to the first half ended June 24, 2016 (2016 first half).
At [euro]369 million (2015/2016: [euro]436 million), the Banking segment recorded a downturn in
net sales of 15% in the first quarter of the financial year.
For the fourth quarter,
net sales fell 1.8% to $786.6 million.
The fourth quarter of 2016 marked the third consecutive sequential quarterly increase in
net sales, gross profit and profitability during fiscal year 2016, as a result of company initiatives as well as typical seasonality.
Net sales grew 2.4% to $1.1 billion (6.7% constant currency)
