Addtech: Interim report Q1 1 April - 30 June 2023
- Net sales increased by 16 percent and amounted to SEK 5,089 million (4,376).
- Operating profit before amortisation of intangible non-current assets (EBITA) increased by 22 percent and amounted to SEK 696 million (570) corresponding to an EBITA margin of 13.7 percent (13.0).
- Operating profit increased by 23 percent and amounted to SEK 595 million (482) corresponding to an operating margin of 11.7 percent (11.0).
- Profit after tax increased by 14 percent and amounted to SEK 392 million (344) and earnings per share before/after dilution amounted to SEK 1.40 (1.20). For the latest twelve month period earnings per share before dilution amounted to SEK 5.75 (4.30) and after dilution to SEK 5.75 (4.25).
- Return on working capital (P/WC) amounted to 66 percent (68).
- Return on equity amounted to 30 percent (30) and the equity ratio amounted to 38 percent (34).
- Cash flow from operating activities amounted to SEK 547 million (281). For the latest twelve month period, cash flow per share from operating activities amounted to SEK 8.10 (4.45).
- Since the start of the financial year six acquisitions have been completed, with total annual sales of about SEK 465 million.
CEO's comments
We are starting the business year according to plan with continued growth and good profitability in all business areas. A high level of customer activity in the companies generated organic growth of 7 percent and EBITA-growth of 22 percent with high margins despite tough comparisons. Our international expansion continues and, during the period, we strengthened our operations with six additional acquisitions, of which four were outside the Nordic region. Our well-positioned and entrepreneur-driven companies with their strong relationships with customers and suppliers continue to demonstrate their strength and to generate value growth.
For the full CEO comment, please see the Interim Report.
Stockholm July 14, 2023
This information is information that Addtech AB (publ.) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out below, at 8.15 a.m CET on 14 July 2023.
A phone conference and webcast will be arranged in relation to the report, at 10.00 a.m.
For participation in the conference:
Phone:
Sweden: +46 8 505 10030
UK/International: +44 1 212 818004
United States: +1 718 7058796
Webcast: https://edge.media-server.com/mmc/p/gqq7qc85
For further information, please contact:
Niklas Stenberg, President and CEO, +46 8 470 49 00
Malin Enarson, CFO, +46 705 979 473
Addtech in brief
Addtech is a technical solutions group that provides technological and economic value added in the link between manufacturers and customers. Addtech operates in selected niches in the market for advanced technology products and solutions. Its customers primarily operate in the manufacturing industry and infrastructure. Addtech has about 3,900 employees in more than 150 subsidiaries that operate under their own brands. The Group has annual sales of more than SEK 18 billion. Addtech is listed on Nasdaq Stockholm.