Jetpak Top Holding AB Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 25, 2021 at 12:30 am
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Jetpak Top Holding AB (publ) reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was SEK 242.77 million compared to SEK 211.22 million a year ago. Revenue was SEK 250.43 million compared to SEK 218.14 million a year ago. Net income was SEK 16.38 million compared to SEK 15.11 million a year ago. Basic earnings per share from continuing operations was SEK 1.36 compared to SEK 1.26 a year ago. Diluted earnings per share from continuing operations was SEK 1.36 compared to SEK 1.24 a year ago.
For the nine months, sales was SEK 733.32 million compared to SEK 640.54 million a year ago. Revenue was SEK 757.3 million compared to SEK 661.12 million a year ago. Net income was SEK 47.39 million compared to SEK 27.68 million a year ago. Basic earnings per share from continuing operations was SEK 3.95 compared to SEK 2.31 a year ago. Diluted earnings per share from continuing operations was SEK 3.92 compared to SEK 2.28 a year ago.
Jetpak Top Holding AB (publ) is a Sweden-based holding company of the Jetpak Group, a logistics and delivery provider. The Company provides time-critical express deliveries in the Nordic region, as well as several other European countries. It specializes in flight-based, door-to-door, long-distance deliveries aimed primarily at the business to business (B2B) sector. The Company's uses its information technology (IT) platform JENA to find the optimal transport route, combining air and road transport. The Company operates through two segments: Express Ad-hoc and Express Systemized. Express Ad-hoc segment comprises ad-hoc orders for flexible and time-critical courier services. Express Systemized segment comprises systematic orders for parcel shipments. The Company's point-to-point network covers more than 150 locations.