INTERIM REPORT 1 APRIL - 30 JUNE 2022

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

This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

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.