Fourth quarter 1 October –
- Net sales amounted to
SEK 77,788 thousand (40,698) - EBITDA amounted to
SEK 16,205 thousand (2,104) - Operating profit amounted to
SEK 13,788 thousand (564) - Order intake amounted to
SEK 30,577 thousand (120,617) - Orders from 14 customers, of which 2 new customers during the period
- Cash flow from current operations amounted to
SEK 39,321 thousand (986) - Earnings per share 0.31 (0,01)
- Life Cycle Assessment -68% kg CO2e during operation
The period 1 January –
- Net sales amounted to
SEK 237 640thousand (101,446) - EBITDA amounted to
SEK 43,957 thousand (-53) - Operating profit amounted to
SEK 37 101thousand (-5,037) - Order intake amounted to
SEK 124,535 thousand (227,897) - Orders from 36 customers, including 15 new customers during the period.
- Cash flow from current operations amounted to
SEK 48,558 thousand (2,582) - Earnings per share
SEK 0.75 (-0.11)
- Proposed dividend of
SEK 0.10 per share
Significant events during the fourth quarter
Significant events after the end of the period
One of the biggest mobile network operators (MNO) in
CEO’s statement
We are now more than doubling our revenue for the third year in a row. At the same time, during the quarter we reach a gross margin of 44%, which is significantly higher than the same period last year when it was 29%.
Through increasing deliveries to existing framework agreement and to completely new customers, the group's net sales rose to
The improvement in the gross margin is primarily due to normalized component prices and the fact that the deliveries that are now taking place are with adjusted prices. There are also some one-off effects through a favourable product mix. With the higher gross margin, we deliver an EBITDA result of approximately
With a profit after tax of
With the return to normal lead times for components, we now offer a delivery time of 8-16 weeks for our standard products, which is significantly shorter than during the same period last year and is now considered completely normal. This means that the order book is also normalized where orders are converted to turnover in approximately 3 months. Therefore, the ordering customers have done far in advance to secure deliveries for their projects bottomed in the late autumn. We now see that order intake is starting to pick up again and is increasing slightly compared to the previous quarter, landing at 31 million. This results in an order book at the end of the period of
The improved operating profit has led to the cash flow from current operations before changes in working capital increasing to 39 million. We have continued tied up capital on the balance sheet in the form of stock of IC components and modules of approximately
The group's expansion continues where, in addition to existing framework agreements, we win new customers and projects in more countries, not least in the
With the current global situation, we once again note how important it is with cyber security. With more conflict zones across the globe and with additional hybrid warfare on a broad scale as well as with IT attacks and ransomware, cyber security and reliable communication is something that is important for everyone. Our products maintain the high level of security from base stations to all users in all our products for coverage in tunnels, inbuilding and on board trains. We also see continued high activity among both our existing, new potential customers and the accelerating rollout of 5G worldwide enabling further digitization of communities, cloud services and other new innovations.
At the same time, we see sustainability as an equally important issue where our energy-efficient and maintenance-free solutions are attractive both from an energy and cost perspective but also from a sustainability perspective. More people, organizations and countries need to take responsibility for our common environment and our emissions. We are proud to offer a product portfolio that has the lowest climate footprint compared to others in our industry.
Finally, I am very satisfied that through hard work with committed employees, we are continuing the global expansion at a high pace according to plan where our financial results are continuously improving. We continue to contribute to the digitization of society with our climate-smart and safe products, both for 5G and for other critical communications.
Fredrik Ekström - Group CEO
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