Niklas Stenberg, President and CEO, and Malin Enarson, CFO
QUARTER 1
HIGHLIGHTS
Net sales
SEK 4,376 m, +33%
EBITA‐margin
13.0%
From 12.3%
2
The strong business situation continued across the board
Organic sales growth of 17%
Well‐handled inflationary pressure - the high margin levels remained
High acquisition rate continues
Order books strengthened further during the quarter
Uncertain macro situation but with no clear signs of a slowdown in our operations
QUARTER 1: NET SALES DEVELOPMENT
A VERY STRONG START TO THE NEW FINANCIAL YEAR IN ALL
BUSINESS
Net sales increased by 33% of which 17% was organic growth
− Strong underlying demand in all important segments
− Good delivery capacity despite continued supply chain disruptions
− Extraordinary efforts from all companies
− Well‐positioned to capture future potential in strategic areas with structural underlying growth
3
QUARTER 1: EBITA DEVELOPMENT
THE HIGH EARNINGS GROWTH CONTINUED
42% EBITA GROWTH
Strong growth in all business areas
Active efforts to offset high inflationary pressure
Operating margins remain at high levels
Favourable contribution from acquisitions
4
QUARTER 1: BUSINESS AREA DEVELOPMENT
STRONG CONTRIBUTION FROM ALL BUSINESS AREAS
AUTOMATION
Net sales SEK 761 m (593) +28% EBITA SEK 91 m (56) +63% EBITA-margin12.0%
Favourable market situation
Continued good market situation in process industry, mechanical industry and medical technology - no signs of a slowdown
Demand clearly increased for the companies operating in the defence industry
ELECTRIFICATION
Net sales SEK 929 m (602) +54% EBITA SEK 114 m (73) +57% EBITA-margin12.2%
Strong first quarter
Good business situation for input components to electronics-,energy-, special vehicles- and telecom segments
Demand increased in the defence industry and for specially adapted battery modules
ENERGY
Net sales SEK 1 251 m (937) +34% EBITA SEK 156 m (116) +34% EBITA-margin12.5%
Highly favourable business situation
Sales of infrastructure products for the conversion and expansion of grids continued to increase from high levels
The business situation for niche products for electricity distribution, manufacturing industry, fiber-optic networks and for building- and installation products remained favourable
INDUSTRIAL SOLUTIONS
Net sales SEK 788 m (625) +26% EBITA SEK 132 m (92) +44% EBITA-margin16.8%
Very strong business situation
The market situation within forest- and sawmill industry as well as the waste- and recycling segments remained favourable
The demand for ergonomic products, hydraulic solutions for special vehicles and components to the mechanical industry was stable
PROCESS TECHNOLOGY
Net sales SEK 654 m (527) +24% EBITA SEK 87 m (77) +13% EBITA-margin13.3%
Favourable market situation
Demand in the medical technology, forest- and process industry was highly favourable - particularly in the sawmill industry
The business situation for after-market components related to projects in the energy segment, mechanical industry and special vehicle was stable
5
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Addtech AB published this content on 27 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 October 2022 07:33:04 UTC.
Addtech AB is a Sweden-based technology trading company providing components and systems to industrial companies and the service industry in Northern Europe. It is organized into four main business areas. Addtech Components area works with technical components and subsystems used in mechanics, electromechanics, electronics and hydraulics. Addtech Energy markets and sells battery solutions, power distribution products and products in electrical safety, as well as equipment for cable harness manufacturing of Dafine Engineering Oy. Addtech Industrial Solutions area sells products made of polymeric materials, electric motors and transmissions and customer-specific products in electromechanics, among others. Addtech Life Science area sells medical equipment to laboratories in healthcare and research, diagnostic equipment for the healthcare sector, and process and analysis equipment for industry. The Company operates Fenno Medical Oy as a wholly owned subsidiary.