NETI continued to deliver on its strategy, which has started to yield meaningful results. Impressively, it managed to reduce opex by 28% while growing sales by 12%, resulting in a solid beat on EBIT. The company has clarified its offering of IP and cloud solutions and strengthened its organisation through rationalisation and clearer priorities. The last part of streamlining the business was the divestment of ScheduALL which was divested in Q1.
More still lies ahead
As we expected, sales came back as customers continued to invest in their media networks after a soft 2020 where many customers postponed network investments. With adoption of IP and cloud services continuing, we still believe there to be significant potential for NETI’s solutions.
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