Second quarter highlights
- Net sales increased to
SEK 676.9 million (326.4), corresponding to growth of 107.4 percent. Organic growth was 9.6 percent.
- EBITA increased to
SEK 68.0 million (22.4) and the EBITA margin was 10.0 percent (6.9).
- Items affecting comparability impacted earnings negatively by
SEK -6.8 million (-7.9). Adjusted EBITA (excluding items affecting comparability) increased toSEK 74.7 million (30.2).
- Earnings for the period amounted to
SEK 45.2 million (16.9), earnings per share before dilution amounted toSEK 1.00 (0.56) and earnings per share after dilution wereSEK 1.00 (0.54).
- Operating cash flow rose to
SEK 62.4 million (11.7).
- The order book increased to
SEK 1,745.5 million (874.0), corresponding to growth of 99.7 percent.
First six months highlights
- Net sales increased to
SEK 1,110.0 million (589.0), corresponding to growth of 88.5 percent. Organic growth was 1.5 percent.
- EBITA increased to
SEK 85.6 million (46.9) and the EBITA margin was 7.7 percent (8.0).
- Items affecting comparability impacted earnings negatively by
SEK -16.0 million (-5.3). Adjusted EBITA (excluding items affecting comparability) increased toSEK 101.6 million (52.1).
- Earnings for the period amounted to
SEK 52.5 million (33.4), earnings per share before dilution amounted toSEK 1.16 (1.24) and earnings per share after dilution wereSEK 1.16 (1.20).
- Operating cash flow rose to
SEK 64.9 million (48.2).
Significant events during the quarter
- Five new acquisitions have been signed in the quarter. RSM Fasade and Rogaland Blikk in
Norway , Byens Tag & Facade inDenmark , plus Engman Tak and Åby Fasad inSweden .
Fasadgruppen subsidiary company SmartFront has been contracted by Riksbyggen to perform comprehensive exterior renovation work and energy efficiency improvements at eight properties with a total of 98 apartments in Linköping.
Events after the end of the period
Fasadgruppen has joined the Global Compact initiative.
- Three additional acquisitions have been completed: Eklunds Glas, Er-Jill and Husby Takplåtslageri.
Fasadgruppen subsidiary company DVS Entreprenør has been contracted to perform comprehensive renovation work on 142 townhouses outsideOslo .
CEO
”Following the cold winter that brought low levels of project work with it, all our businesses are in full flow again and it feels great to be able to report positive growth figures after a year of negative organic growth. We are also continuing to acquire new businesses at a rapid pace.
Sales in the second quarter amounted to
We are continuing our focused work on the M&A side, leveraging the strong momentum we have experienced following the IPO in December that raised the awareness of our profile and ambitions. Year to date, including acquisitions after the end of the quarter, we have acquired 13 businesses with estimated combined annual sales of around
At the time of publishing this interim report, we are half way through the third quarter, where July as usual stands out as a holiday month, but where activities have recommenced in August. We notice an overall good demand for our services, which in combination with our active M&A strategy provide solid conditions for strengthening our position as the leading façade group in the Nordic region.”
Report presentation
CEO
Dial-ins for conference call:
SE: +46 8 566 427 05
Webcast link: https://tv.streamfabriken.com/fasadgruppen-group-q2-2021
A recording of the presentation will be available at www.fasadgruppen.se.
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