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    ALLIGO B   SE0009922305

ALLIGO AB (PUBL)

(ALLIGO B)
  Report
Delayed Nasdaq Stockholm  -  11:29 2022-08-16 am EDT
97.50 SEK   -2.40%
07/15TRANSCRIPT : Alligo AB, Q2 2022 Earnings Call, Jul 15, 2022
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07/15Alligo Interim Report 1 january-30 june 2022
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07/14Alligo AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
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Alligo : Bokslutskommunike 2021 PM ENG FINAL

02/15/2022 | 02:17am EDT
    • Revenue increased by 10 per cent to MSEK 2,458 (2,237).
    • EBITA increased by 54 per cent to MSEK 250 (162), corresponding to an EBITA margin of 10.2 per cent (7.2).
    • Operating profit amounted to MSEK 194 (147) and the operating margin was 7.9 per cent (6.6). Items affecting comparability had an impact on profit of MSEK -40 (0) and relate to losses on divestment of operations of MSEK 37 and costs in connection with preparations for the separate listing of the Components & Services business area.
    • Total profit for the quarter, including discontinued operations, amounted to MSEK 170 (134) and earnings per share to SEK 3.351 SEK (2.701). Excluding discontinued operations, profit for the quarter amounted to MSEK 139 (104) and earnings per share to SEK 2.751 SEK (2.101).
    • Cash flow from operating activities amounted to MSEK 512 (489).
    • Revenue amounted to MSEK 8,475 (7,237), with the change from the previous year partly attributable to the acquisition of Swedol, which was closed in April 2020.
    • EBITA amounted to MSEK 645 (419), corresponding to an EBITA margin of 7.6 per cent (5.8). The change compared with the preceding year is partially attributable to the acquisition of Swedol.
    • Operating profit amounted to MSEK 427 (261) and the operating margin was 5.0 per cent (3.6). Items affecting comparability had an impact on profit of MSEK -155(-1062), of which MSEK 108 pertains to restructuring costs relating to the Swedish logistics operations of Tools being relocated to Alligo's central warehouses in Örebro. MSEK 37 relates to losses on divestment of operations and MSEK 10 relates to costs in connection with preparations for the separate listing of the Components & Services business area.
    • Total profit for the period, including discontinued operations, amounted to MSEK 430 (283) and earnings per share to SEK 8.501 SEK (6.501). Excluding discontinued operations, profit for the period amounted to MSEK 291 (165) and earnings per share to SEK 5.75¹ SEK (3.65¹).
    • Cash flow from operating activities amounted to MSEK 943 (1,191).
    • The Board of Directors proposes a dividend for 2021 of SEK 1.75 per share (1.50).
  1. Before and after dilution.
  2. Restructuring costs in connection with the integration of Tools and Swedol (mainly the write-down of right-of-use assets and costs for adapting the range).

Discontinued operations

In Alligo's year-end report, the Components & Services business area is reported as discontinued operations in accordance with IFRS 5. The Alligo business area represents continuing operations. Comments and figures relate to continuing operations unless otherwise specified. Comparison figures in the consolidated income statement have been recalculated.

Change of financial year

As a result of the Group changing its financial year to the calendar year, the 2020 financial year was shortened to 9 months (1 April to 31 December 2020). To enable a 12-month comparison, the period 1 January to 31 March 2020 has been added to the financial year 1 April to 31 December 2020 to provide comparison figures in all tables.

"Winter came early, bringing with it unusually cold weather and strong seasonal demand. As a result, the increase in sales that we normally see in January began early, during the latter part of the fourth quarter."

"Increased sales of high-margin products as a result of the cold winter weather boosted profits."

"We have come a long way in a short time, and I feel sure we are on the right path."

  • As part of the preparations for the separate listing of the Components & Services business area, the Board of Directors appointed the former business area manager of Alligo, Clein Ullenvik, as President & CEO and the former CFO of the Alligo business area, Irene Wisenborn Bellander, as CFO. The new management took office on 1 November. The Board of Directors also proposed a change of company name from Momentum Group AB to Alligo AB, which was approved at an Extraordinary General Meeting on 2 December.
  • Alligo acquired all the shares in Norwegian workwear specialist RAF Romerike Arbeidstøy AS and divested all shares in Gigant AB in order to streamline operations.
  • The Board of Directors decided to relocate the Swedish logistics operations of Tools from Alingsås to
    Alligo's central warehouses in Örebro.
  • Alligo acquired all the shares in Liukkosen Pultti Oy which runs a workwear and tool shop in Lahti, Finland.
  • Nordstjernan requested the conversion of Class A shares to Class B shares in Alligo as part of the preparations for the separate listing of Momentum Group.

Alligo will publish its year-end report 2021 on Tuesday, 15 February 2022 at 08:00 a.m. CET.

In conjunction with this, Alligo are pleased to issue this invitation to a webcast conference call in which President & CEO Clein Johansson Ullenvik and CFO Irene Wisenborn Bellander together with Business Area Manager Ulf Lilius will present the report and answer any subsequent questions.

Time: Tuesday, 15 February 2022 at 11:00 a.m. CET.

Web link: https://tv.streamfabriken.com/alligo-q4-2021

Telephone no: SE: +46 8 505 583 73 / UK: +44 33 330 092 61 / US: +1 64 672 249 03

Clein Johansson Ullenvik, President & CEO, tel: +46 70 558 84 17, e-mail: clein.ullenvik@alligo.com

Irene Wisenborn Bellander, CFO, tel: +46 72 452 60 40, e-mail: irene.bellander@alligo.com

This information is information that Alligo AB (publ) is obliged to publish under the EU Market Abuse Regulation. The information was submitted for publication through the agency of the Chief Executive Officer on

15 February 2022 at 08:00 CET.

Alligo is a leading reseller of industrial consumables and components, service and maintenance to professional end users in the industrial and construction sectors in the Nordic region. The Group has annualrevenue of approximately SEK 9,5 billion and approximately 2,700 employees. Alligo AB (publ) has been listed on Nasdaq Stockholm since June 2017. Read more at www.alligo.com.

Disclaimer

Alligo AB published this content on 15 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 February 2022 07:16:05 UTC.


ę Publicnow 2022
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Financials
Sales 2022 8 888 M 862 M 862 M
Net income 2022 452 M 43,8 M 43,8 M
Net Debt 2022 2 294 M 222 M 222 M
P/E ratio 2022 11,0x
Yield 2022 3,25%
Capitalization 5 043 M 487 M 489 M
EV / Sales 2022 0,83x
EV / Sales 2023 0,78x
Nbr of Employees 2 314
Free-Float 41,9%
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Mean consensus BUY
Number of Analysts 2
Last Close Price 99,90 SEK
Average target price 147,50 SEK
Spread / Average Target 47,6%
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Managers and Directors
Ulf Lilius President & Chief Executive Officer
Irene Christina Wisenborn Bellander Chief Financial Officer & Executive Vice President
Johan Olov Sj÷ Chairman
Stefan Hedelius Independent Director
Ulf G÷ran Nńsholm Independent Director
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