SAF Tehnika                                                    12.11.2004. 



East capital names SAF Tehnika the Best Eastern Europe IPO



Riga, November 11 – The leading Baltic telecoms equipment developer and 

producer JSC SAF Tehnika announced as one of the East Capital Awards winner 

for the best IPO in the region. The winners of annual prize program that 

premiered in 2004 and recognises excellence among Eastern European companies 

in the categories Best Growth, Best IPO and East Capital Discovery of the Year 

were unveiled during the prize ceremony and a gala dinner held in Stockholm on 

November 9.



East Capital is a leading independent asset manager specialising in Eastern 

European financial markets, with around 600 MEUR in assets under management, 

both in public and private equity.



SAF Tehnika was established in 1999 and in May 2004 performed an IPO on the 

Riga Stock Exchange. The IPO was a truly landmark event as it was the first 

private sector IPO in the Baltic States since the late 1990s. The share has 

been one of the best performing and most liquid on the exchange. SAF Tehnika’s 

IPO is also a benchmark in terms of shareholder quality due to the diversity and 

geographical diversification of the company’s ownership. 

Acknowledgments were also made of OMX (operator of and strategic shareholder in 

the Riga Stock Exchange), as the promoter and supporter behind SAF Tehnika’s 

successful IPO as well as Suprema (a pan-Baltic investment bank), the IPO arranger 

and lead manager.

Latvian microwave radio producer SAF Tehnika is continuing to expand global market 

presence proven by company`s financial results (SAF Tehnika`s financial year ended 

with 12,8 m LVL sales and 3,9 m LVL net profit).

For more information:



Ieva Muciņa

SAF Tehnika

Head of Marketing Department

Phone: 7046836

Mob.phone: 9477915

Fax: 7020009

e-mail:Ieva.Mucina@saftehnika.com



About JSC „SAF Tehnika”: 



SAF Tehnika is Baltic`s leading designer and manufacturer of telecoms equipment, 

which exports over 90% of its production to more than 30 countries. Its partners 

include telecoms service providers, data transmission service providers, and state 

and private enterprises. Over a five-year period the company has built up an 

impressive client protfolio including Tele2, Lattelekom, Omnitel (the TeliaSonera 

subsidiary in Lithuania), China Mobile, China Unicom, China Telecom, Columbia’s 

biggest fixed network operator - ETB and other mobile and fixed telecoms operators. 

According to audited consolidated financial results for this financial year which 

ended on 30 June 2004, the company’s turnover was LVL 12,818,452 and profits for the 

reported year totaled LVL 3,920,569.