First quarter (1 April -
- Net sales increased by 7 percent and amounted to
SEK 5,438 million (5,089). - Operating profit before amortisation of intangible non-current assets (EBITA) increased by 19 percent and amounted to
SEK 831 million (696) corresponding to an EBITA margin of 15.3 percent (13.7). - Operating profit increased by 20 percent and amounted to
SEK 713 million (595) corresponding to an operating margin of 13.1 percent (11.7). - Profit after tax increased by 27 percent and amounted to
SEK 495 million (392) and earnings per share before/after dilution amounted toSEK 1.80 (1.40). For the latest twelve month period earnings per share before/after dilution amounted toSEK 6.45 (5.75). - Return on working capital (P/WC) amounted to 71 percent (66).
- Return on equity amounted to 28 percent (30) and the equity ratio amounted to 39 percent (38).
- Cash flow from operating activities amounted to
SEK 602 million (547). For the latest twelve month period, cash flow per share from operating activities amounted toSEK 9.75 (8.10). - Since the start of the financial year, seven acquisitions have been completed, with total annual sales of about
SEK 855 million .
CEO´s comments
Overall, the new financial year is off to a good start, with high levels of activity and strengthened profitability across the board. Despite a certain uncertainty in the market, sales increased by 7 percent, 2 percent of which was organic. It is satisfying to see that our long-term initiatives to increase the value added in our offering, to strengthen the product mix and, not least, to increasingly focus on profitable acquisitions, gives effect with EBITA increasing 19 percent with a continued strong margin of 15.3 percent (13.7). Our international expansion is continuing as planned and the rate of acquisitions in the beginning of the year has been high with a total of seven acquisitions, of which five took place outside the Nordic region. Our entrepreneurial-driven companies are demonstrating their strength again, continuing to generate profitable growth in a challenging market.
For the full CEO comment, please see the Interim Report.
This information is information that
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https://news.cision.com/addtech/r/interim-report-q1-1-april---30-june-2024,c4013973
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