The formerly-named
Fourth quarter highlights
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 3.35 1 SEK (2.701). Excluding discontinued operations, profit for the quarter amounted to MSEK 139 (104) and earnings per share toSEK 2.75 1 SEK (2.101).Cash flow from operating activities amounted to MSEK 512 (489).
Full year 2021 highlights
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 inApril 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 ofSwedol .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 toAlligo'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 8.50 1 SEK (6.501). Excluding discontinued operations, profit for the period amounted to MSEK 291 (165) and earnings per share toSEK 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
Discontinued operations
In
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
Comments from the CEO
"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."
Significant events during the fourth quarter
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 theAlligo 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 fromMomentum Group AB toAlligo 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 inGigant 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.
Events after the end of the period
Alligo acquired all the shares inLiukkosen 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 ofMomentum Group .
Presentation of the year-end report 2021
Time: Tuesday,
Web link:https://tv.streamfabriken.com/alligo-q4-2021
Telephone no: SE: +46 8 505 583 73 /
Contact information
Clein Johansson Ullenvik, President & CEO, tel: +46 70 558 84 17, e-mail: clein.ullenvik@alligo.com
This information is information that
https://news.cision.com/alligo-ab--publ-/r/alligo-year-end-report-1-january-31-december-2021,c3506359
https://mb.cision.com/Main/18955/3506359/1534957.pdf
https://mb.cision.com/Public/18955/3506359/91fd85d40d377cb0.pdf
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