Alelion delivers on record order intake of 2021, increasing net sales by 66 percent
During the first quarter, net sales increased to MSEK 24.2 (14.6), a growth of 66 percent. Order intake reached MSEK 8.5 (22.7), which is mostly attributable to the strong conclusion of 2021 where customers placed orders for a long time ahead. We are seeing customers adopting a different pattern of placing orders, now preferring larger contracts with blanket orders rather than smaller-volume orders in incremental steps. Overall, Alelion received orders for MSEK 184 during 2021. This is on par with the peak order intake in the history of the Company, which was in 2018. The order backlog remaining for future delivery amounts to MSEK 113 for 2022 and MSEK 25 for 2023 and beyond. All orders relate to our three strategically important segments in off-highway vehicles: terminal tractors, Ground Support Equipment, and construction machinery.
The operating income of MSEK -13.0 (-15.1) was burdened by planned greater investment in development and sales. These costs are in line with our strategic focus and align with the efforts promised in connection with the most recent new issue in the autumn of 2021.
Noticing the accelerating trend of electrification, our customers are placing orders with a longer time perspective to ensure supplies. We expect the volume growth to continue to accelerate as the demand for climate-smart solutions increases at global level. Eventually, this will accelerate electrification as a long-term and sustainable alternative to fossil fuels.
The first quarter 2022 in briefThis disclosure contains information that Alelion Energy Systems AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 27-04-2022 08:30 CET.