Intensive integration work and stabilised market development.
Second quarter highlights
- Revenue increased by 5.5 per cent to MSEK 2,275 (2,157).
-
EBITA increased by 5 per cent to MSEK 172 (164), corresponding to an EBITA margin of 7.6 per
cent (7.6) . -
Operating profit increased to MSEK 155 (146) and the operating margin was 6.8 per
cent (6.8) . Operating profit was charged with items affecting comparability of MSEK 0 (-2). -
Profit from continuing operations amounted to MSEK 113 (107), profit from discontinued operations to MSEK 0 (38) and profit for the Group as a whole to MSEK 113 (145). Earnings per share from continuing operations amounted to
SEK 2.24 1 (2.101), earnings per share from discontinued operations toSEK 0.00 1 (0.751) and earnings per share for the Group as a whole toSEK 2.24 1 (2.851). - Cash flow from operating activities amounted to MSEK 211 (209).
First six months highlights
- Revenue increased by 5.9 per cent to MSEK 4,370 (4,125).
-
EBITA increased by 13 per cent to MSEK 277 (246), corresponding to an EBITA margin of 6.3 per
cent (6.0) . -
Operating profit increased to MSEK 235 (213) and the operating margin was 5.4 per
cent (5.2) . Operating profit was charged with items affecting comparability of MSEK -9 (-2), which comprise costs ahead of the separate listing ofMomentum Group of MSEK 5 and severance costs in connection with a change of management inFinland of MSEK 4. -
Profit from continuing operations amounted to MSEK 169 (152) and profit from discontinued operations to MSEK 282 (70). The impact on earnings of the distribution of
Momentum Group was MSEK 3,553 and total profit from the Group amounted to MSEK 3,750 (222). Earnings per share from continuing operations amounted toSEK 3.35 1 (3.001) and earnings per share from discontinued operations amounted toSEK 0.55 1,2 (1.401). The impact on earnings of the distribution ofMomentum Group wasSEK 70.38 1 per share and earnings per share for the Group as a whole amounted toSEK 74.29 1 (4.401). - Cash flow from operating activities amounted to MSEK 181 (382).
1) Before and after dilution.
2) Adjusted for the impact on earnings of the distribution of
Discontinued operations
In the interim report for the second quarter 2022,
Comments from the CEO
"The second quarter of the year was one of intensive integration. In May, we completed the implementation of our joint IT and business system in Tools in
"The late deliveries caused by disruption to logistics processes have had a negative impact on sales to larger industrial customers in
"The continuing unrest in the world around us makes for uncertain market conditions but demand on our markets has stabilised relative to the first quarter."
"We have a strong financial base and with our shared platform now in place in
Significant events during the second quarter
- The Annual General Meeting on 11 May voted for the re-election of the Board members Göran Näsholm,
Stefan Hedelius ,Cecilia Marlow , Johan Sjö and Christina Åqvist and for the election ofPontus Boman in line with the proposal of the Nomination Committee.Johan Eklund had declined re-election. Göran Näsholm was re-elected Chair of the Board. -
The Annual General Meeting on 11 May resolved, among other things, to issue a dividend of
SEK 1.75 per share and to approve the implementation of a long-term incentive programme for senior executives in line with the proposal of the Board of Directors. The incentive program was fully subscribed. Alligo signed a lease for a newly constructed logistics centre in Vestby Logistikpark, south ofOslo .Alligo's two existing logistics units in theOslo area will both relocate to the new premises, which extend over 16,000 square metres, beginning in autumn 2023.Alligo acquired H E Seglem AS, which has a store in Egersund in south-westNorway and sells industrial products, tools, forestry and gardening equipment, workwear and personal protective equipment. The acquisition was conducted as a conveyance of assets and liabilities.
Events after the end of the period
- On
1 July 2022 ,Alligo acquired 100 per cent of the shares inMagnusson Agentur AB , which runs a store selling corporate branded products and workwear in Vinslöv, southernSweden .
Presentation of the interim report for the second quarter 2022
In conjunction with this,
President & CEO Clein Johansson Ullenvik and CFO
Date and time: Friday,
Web link: https://tv.streamfabriken.com/alligo-q2-2022
Telephone conference, pin code 1674683#:
SWE: +46-8-5051-6386
US: +1-412-317-6300
Contact information
Clein Johansson Ullenvik, President & CEO, tel: +46 70 558 84 17, e-mail: clein.ullenvik@alligo.com
This information is information that
About Alligo
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