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Síminn hf. – Revenue growth 4,7%

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Q4 2019Q4 2018 interim statement has been restated according to changes made to treatment of TV rights.Síminn‘s revenue amounted to ISK 7,896 million in the fourth quarter (Q4) of 2019, compared to ISK 7,544 million in the same period 2018. An increase by ISK 352 million or 4.7%.EBITDA amounted to ISK 2,728 million in Q4 2019, compared to ISK 2,124 million in the same period in 2018, up by ISK 604 million or 28.4%. The EBITDA ratio was 34.5% in Q4 2019, compared to 28.2% in the same period in 2018. Considering changes due to IFRS 16, EBITDA at Q4 2018 amounted to ISK 2,586 million and EBITDA ratio was 34.3%.Profit in Q4 2019 amounted to ISK 760 million, compared to ISK 2,436 million loss in the same period in 2018. In Q4 2018, the goodwill in relation to the operation of Míla ehf. was impaired by ISK 2,990 million. Without the impairment loss the profit for Q4 2018 would have been ISK 554 million.Cash generated by operation amounted to ISK 2,092 million in Q4 2019, compared to ISK 2,333 million in the same period in 2018. Net cash from operating activities amounted to ISK 1,471 million in Q4 2019, compared to ISK 2,184 million in the same period in 2018.Interest bearing debt amounted to ISK 16.2 billion at the end of 2019, compared to ISK 17.2 billion at the end of 2018. Net interest-bearing debt amounted to 16.0 billion ISK at the end of 2019 up by ISK 29 million compared to year end 2018.Net financial expenses amounted to ISK 231 million in Q4 2019, compared to ISK 205 million in the same period in 2018, of that number ISK 66 million is related to IFRS 16 in Q4 2019. Financial expenses amounted to ISK 274 million and financial income ISK 45 million.Síminn’s equity ratio was 55.9% at the end of year 2019 and equity was 36.6 billion.Orri Hauksson, CEO:„Last year’s operations of the Síminn Group were solid and grew stronger as the year progressed. We were more than satisfied by the sales of our main product lines and the fact that Síminn appeals to the younger generation again. In addition, demand for Sensa’s information technology products increased in the last quarter. However, such growth cannot be projected into the next quarters, as sales, implementation and consulting in the information technology segment can be volatile.Demand for Síminn’s television services increased during the year, especially in the latter part of the year. Such growth was largely foreseen as Síminn’s new product, Síminn Sport, had full impact for the entire quarter. However, it is not football that our customers spend most of their time watching. Our most popular television content is our Icelandic material, children’s material and foreign reality TV about young people in search of love. In January 2020, we saw for the first time the number of individually streamed shows on Síminn TV Premium go over one million per week, which is a new record and shows interest in Síminn’s diverse content offering. FTTH investments helped with internet revenue growth and mobile services revenue in the consumer market has balanced again after major changes in recent years, in areas such as wholesale and roaming. However, the fierce battle for customers in our markets continues, especially in the corporate market.Síminn controlled its costs during the year with various actions. Wage costs are by far the largest single item of expenses in the company, but full-time employees decreased by 52 between years. At the same time, customer satisfaction increased significantly, according to the Icelandic Consumer Satisfaction Index, and were pleased to see the same positive trend in customer satisfaction from other NPS metrics. There are many intra-connecting factors that create this result. These include increased stability in the operations of our back-end systems, a new Síminn app that facilitates self-service and various measures to reduce unforeseen customer costs. Our 4G mobile network now covers 99.4% of the country’s households and we continue our development towards 5G. Síminn thus systematically continues to work towards increased customer satisfaction. The focus in 2020, among other things, is to further enhance the reliability of service for existing customers and offer various innovations in the TV side of the business.The Group’s telco systems performed well in the severe weather and power failure that hit Iceland in the end of the quarter. As usually, our technicians were well prepared, not surprisingly, as we are used to heavy storms and bad weather here in Iceland. The reserve power we have at our disposal, together with the utilization of other reserve power owned by other infrastructure companies, made sure that telecommunications remained largely active in urban areas, apart from a few power outages in some areas, which turned off the telco equipment for some time. In December, our Group spent tens of millions in unforeseen cost that was needed to insure connectivity and keep basic communications going. The telco’s in Iceland, together with Neyðarlínan, the National Emergency Service, and RÚV, the National Broadcasting Service, have now established partnerships to strengthen telecommunications in rural areas and more dispersed areas. In addition, Síminn, Sýn and Nova have launched preliminary talks on possible future collaboration regarding telco infrastructure in a broad sense. The aim is to utilize investments in the years to come in the most cost-effective way, and to see if and how the existing and future infrastructure can be shared. These talks will take into account the possibility to accelerate the development of new technologies, increase public safety, reduce waste and reduce environmental damage due to unnecessary construction.Míla´s FTTH effort was well executed last year and 17,000 new homes can now be connected to Míla fiber-optic network. The increase in FTTH connections was particularly strong in other areas than Reykjavík and vicinity, which is a new and positive development for the countryside. The Míla FTTH network now extends to the majority of the country’s homes and we have seen the peak of the Míla´s FTTH investments.  The Group´s investments in FTTH going forward will therefore continue decrease. Demand for Sensa´s cloud-based specialist services increased sharply last year. Sensa has acquired the information technology company HUX to further support the increased focus on cloud-based services, such as artificial intelligence, security and cloud based data-flow.Overall, the Group is well positioned for 2020. Despite the country’s slower economy, we expect both improved EBITDA margin and stronger cash flow between the years. “Further informationOrri Hauksson, CEO, tel. 354 550 6003 ([email protected])Óskar Hauksson, CFO, tel. 354 550 6003 ([email protected])
AttachmentsSíminn 31.12.2019 ENSíminn hf – Financial results Q4 2019Investor presentation Q4 2019

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Artificial Intelligence

Supermicro’s Rack Scale Liquid-Cooled Solutions with the Industry’s Latest Accelerators Target AI and HPC Convergence

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Complete Data Center Liquid-Cooled Solutions Enable AI Factories to be Constructed at Unprecedented Speeds Using the Latest Dense GPU Servers Equipped with the Highest-Performing CPUs and GPUs
SAN JOSE, Calif. and HAMBURG, Germany, May 13, 2024 /PRNewswire/ — International Supercomputing Conference (ISC) — Supermicro, Inc. (NASDAQ: SMCI), a Total IT Solution Provider for AI, Cloud, Storage, and 5G/Edge, is addressing the most demanding requirements from customers who want to expand their AI and HPC capacities while reducing data center power requirements. Supermicro delivers complete liquid-cooled solutions, including cold plates, CDUs, CDMs, and entire cooling towers. A significant reduction in the PUE of a data center is quickly realized with data center liquid-cooled servers and infrastructure, and this can reduce overall power consumption in the data center by up to 40%.

“Supermicro continues to work with our AI and HPC customers to bring the latest technology, including total liquid cooling solutions, into their data centers,” said Charles Liang, president and CEO of Supermicro. “Our complete liquid cooling solutions can handle up to 100 kW per rack, which reduces the TCO in data centers and allows for denser AI and HPC computing. Our building block architecture allows us to bring the latest GPUs and accelerators to market, and with our trusted suppliers, we continue to bring new rack-scale solutions to the market that ship to customers with a reduced time to delivery.”
Supermicro application-optimized high-performance servers are designed to accommodate the most performant CPUs and GPUs for simulation, data analytics, and machine learning. The Supermicro 4U 8-GPU liquid-cooled server is in a class by itself, delivering petaflops of AI computing power in a dense form factor with the NVIDIA H100/H200 HGX GPUs. Supermicro will soon ship liquid-cooled Supermicro X14 SuperBlade in 8U and 6U configurations, the rackmount X14 Hyper, and the Supermicro X14 BigTwin. Several HPC-optimized server platforms will support the Intel Xeon 6900 with P-cores in a compact, multi-node form factor.
Learn more about how Supermicro Rack Scale Integration Services enable you to reduce costs and optimize your data center: https://www.supermicro.com/en/solutions/rack-integration 
In addition, Supermicro continues its leadership shipping the broadest portfolio of liquid cooled MGX Products in the industry.. Supermicro also confirms its support for delivering the latest accelerators from Intel with its new Intel® Gaudi® 3 accelerator and AMD’s MI300X accelerators. With up to 120 nodes per rack with the Supermicro SuperBlade®, large-scale HPC applications can be executed in just a few racks. Supermicro will display a wide range of servers at the International Supercomputing Conference, including Supermicro X14 systems incorporating the Intel® Xeon® 6 processors.
Supermicro will also showcase and demonstrate a wide range of solutions designed specifically for HPC and AI environments at ISC 2024. The new 4U 8-GPU liquid-cooled servers with NVIDIA HGX H100 and H200 GPUs highlight the Supermicro lineup. These servers and others will support the NVIDIA B200 HGX GPUs when available. New systems with high-end GPUs accelerate AI training and HPC simulation by bringing more data closer to the GPU than previous generations by using high-speed HBM3 memory. With the incredible density of the 4U liquid-cooled servers, a single rack delivers (8 servers x 8 GPUs x 1979 Tflops FP16 (with sparsity) = 126+ petaflops.  The Supermicro SYS-421GE-TNHR2-LCC can use dual 4th or 5th Gen Intel Xeon processors, and the AS -4125GS-TNHR2-LCC is available with dual 4th Gen AMD EPYC™ CPUs.
The new AS -8125GS-TNMR2 server gives users access to 8 AMD Instinct™ MI300X accelerators. This system also includes dual AMD EPYC™ 9004 Series Processors with up to 128 cores/256 threads and up to 6TB memory. Each AMD Instinct MI300X accelerator contains 192GB of HBM3 memory per GPU, all connected with an AMD Universal Base Board (UBB 2.0). Moreover, the new AS -2145GH-TNMR-LCC and AS -4145GH-TNMR APU servers are targeted to accelerate HPC workloads with the MI300A APU. Each APU combines high-performance AMD CPU, GPU, and HBM3 memory for 912 AMD CDNA™ 3 GPU compute units, 96 “Zen 4” cores, and 512GB of unified HBM3 memory in a single system.
At ISC 2024, a Supermicro 8U server with the Intel Gaudi 3 AI Accelerator will be shown. This new system is designed for AI training & Inferencing and can be directly networked with a traditional Ethernet fabric. Twenty-four 200 gigabit (Gb) Ethernet ports are integrated into every Intel Gaudi 3 accelerator, providing flexible and open-standard networking. In addition, 128GB of HBM2e high-speed memory is included. The Intel Gaudi 3 accelerator is designed to scale up and scale out efficiently from a single node to thousands to meet the expansive requirements of GenAI models. Supermicro’s Petascale storage systems, which are critical for large-scale HPC and AI workloads, will also be displayed.
The Supermicro SuperCloud Composer will be demonstrated for the data center management software, showing how, from a single console, an entire data center can be monitored and managed, including the status of all liquid-cooled servers.
Learn more about Supermicro’s presence at ISC 2024 at: https://app.swapcard.com/event/isc-high-performance-2024/exhibitor/RXhoaWJpdG9yXzE1NjYyODE=?
About Super Micro Computer, Inc.
Supermicro (NASDAQ: SMCI) is a global leader in Application-Optimized Total IT Solutions. Founded and operating in San Jose, California, Supermicro is committed to delivering first to market innovation for Enterprise, Cloud, AI, and 5G Telco/Edge IT Infrastructure. We are a Total IT Solutions manufacturer with server, AI, storage, IoT, switch systems, software, and support services. Supermicro’s motherboard, power, and chassis design expertise further enable our development and production, enabling next generation innovation from cloud to edge for our global customers. Our products are designed and manufactured in-house (in the US, Taiwan, and the Netherlands), leveraging global operations for scale and efficiency and optimized to improve TCO and reduce environmental impact (Green Computing). The award-winning portfolio of Server Building Block Solutions® allows customers to optimize for their exact workload and application by selecting from a broad family of systems built from our flexible and reusable building blocks that support a comprehensive set of form factors, processors, memory, GPUs, storage, networking, power, and cooling solutions (air-conditioned, free air cooling or liquid cooling).
Supermicro, Server Building Block Solutions, and We Keep IT Green are trademarks and/or registered trademarks of Super Micro Computer, Inc.
All other brands, names, and trademarks are the property of their respective owners.
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Artificial Intelligence

The Future of AI in Retail Banking Operations

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LONDON, May 13, 2024 /PRNewswire/ — Artificial intelligence (AI) has emerged as a key focus for retail banking operations in recent months. Auriemma Group’s latest series of roundtables tackled the ever-growing space, discussing current usage of AI solutions and how members plan to utilize AI to further enhance their offerings.

“There’s a significant amount of interest in AI across all operational areas,” says Nicole Toussaint, Senior Manager of Industry Roundtables at Auriemma. “Although we’re seeing some hesitation in deploying it, I expect we’ll see some big moves by industry players over the coming months.”
Across all operational areas, firms are hoping to leverage AI to assist front-line employees with navigating their knowledge management systems. This would hopefully improve the accuracy of agent work and help to reduce lengthy training periods. Additionally, firms are considering using the tool enterprise-wide to produce meeting minutes and to assist in communications drafting.
In the Collections and Recoveries space, firms hope to use the tool in their contact strategies. Roundtable members believe that AI can make their contact more effective by creating more bespoke strategies. The technology can help firms decide the optimal time to contact customers, the most effective channel to make contact, and the most engaging messaging and content to use.
Fraud Departments see an opportunity to use AI to improve their current fraud detection models to identify bad actors and fraudulent payments more quickly. Several firms have already partnered with vendors who provide AI-powered fraud mitigation tools.
On the Servicing side, firms are discussing improvements to their chatbot offerings. Currently, many chatbots are FAQ-based, but firms believe that AI can revolutionise the chatbot experience and improve satisfaction scores in the channel.
“We see a clear opportunity to leverage AI to provide dynamic call scripting to front-line agents,” says Toussant. “This would take some of the pressure off agents when servicing and allow banks to provide a more tailored, well-informed customer experience.”
In the Disputes and Chargebacks space, one firm is already using an AI-integrated optical character resolution (OCR) tool to read customer documents provided as proof in a disputes case. Many firms hope to use AI to gain efficiencies in the disputes process. They believe that the tool can help guide agent decisions as they work cases by pulling in bank, scheme, and regulatory policies.
Similarly, in the Complaints space, members see an opportunity for AI to help complaints agents while investigating. AI can not only analyse the materials provided by the complainant but also bring in insights from previously decisioned cases and Financial Ombudsman (FOS) decisions. In this process, the technology can also guide the agent in classifying the complaint type. Some also noted that AI could potentially assist agents with drafting final response letters.
This topic is expected to become an evergreen topic at Auriemma Roundtable meetings, especially as firms identify new use cases and as Auriemma brings in experts from the field to drive further thought leadership.
The next set of roundtable meetings are scheduled for June and July at the Edwardian Hotel in Manchester. If you or any of your colleagues are interested in attending as our guests, please contact us via [email protected].
About Auriemma Group
For 40 years, Auriemma’s mission has been to empower clients with authoritative data and actionable insights. Our team comprises recognised experts in four primary areas: operational effectiveness, consumer research, co-brand partnerships and corporate finance. Our business intelligence and advisory services give clients access to the data, expertise and tools they need to navigate an increasingly complex environment and maximise their performance. Auriemma serves the consumer financial services ecosystem from our offices in London and New York City. For more information, visit us at www.auriemma.group.

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Artificial Intelligence

MSI Highlights Optimized AI Platforms to Accelerate Compute-Intensive Applications at ISC 2024

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HAMBURG, Germany, May 13, 2024 /PRNewswire/ — MSI, a leading global server provider, brings its latest server platforms powered by AMD processors and 5th Gen Intel® Xeon® Scalable processors, optimized for HPC and AI markets at ISC 2024, booth #F39 in Hamburg, Germany from May 13-15.

“As businesses increasingly adopt AI applications to improve customer experiences, the need for greater computing power and denser deployments has spurred significant shifts in IT infrastructure, driving a widespread adoption of liquid cooling,” said Danny Hsu, General Manager of Enterprise Platform Solutions. “MSI’s AI server platforms empower businesses to achieve efficiency gains while handling more compute-intensive workloads.”
Diverse GPU Platforms to Enhance Performance for AI Workloads
MSI G4201 is a 4U supercomputer designed for exceptional performance in compute-intensive tasks. It features up to eight double-wide PCIe 5.0 x16 slots optimized for high-performance GPU cards, alongside one single-wide PCIe 5.0 x16 expansion slot. Each GPU has a full PCIe 4.0 or 5.0 x16 link directly to the root port complex of a CPU socket without going through a PCIe switch, granting maximum CPU-to-GPU bandwidth. Powered by dual 5th Gen Intel Xeon Scalable Processors and equipped with 32 DDR5 DIMMs, the G4201 platform delivers outstanding heterogeneous computing capabilities for various GPU-based scientific high-performance computing, Generative AI, and inference applications. Additionally, the system includes twelve 3.5-inch drive bays for enhanced functionality.
The G4101 is a 4U 4GPU server platform designed for AI training workloads. It supports a single AMD EPYC™ 9004 Series processor equipped with a liquid cooling module, along with twelve DDR5 RDIMM slots. Additionally, it features four PCIe 5.0 x16 slots tailored for triple-slot graphic cards with coolers, ensuring increased airflow and sustained performance. With twelve front 2.5-inch U.2 NVMe/SATA drive bays, it offers high-speed and flexible storage options, catering to the diverse needs of AI workloads. The G4101 combines air flow spacing and liquid closed-loop cooling, making it the optimal thermal management solution for even the most demanding tasks.
For small-sized businesses, the liquid-cooled S1102-02 server offers an ideal solution, providing superior thermal performance while optimizing costs. Equipped with a single AMD Ryzen™ 7000 Series processor with liquid cooling support of up to 170W, the system features four DDR5 DIMM slots, one PCIe 4.0 slot, two 10GbE onboard Ethernet ports, and four 3.5-inch SATA hot-swappable drive bays in a compact 1U configuration.
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