Strong growth in sales and profit
FOURTH QUARTER 2021- Revenue increased by 43% to
SEK 1,694m (1,185) -
Operating profit increased by 71% to
SEK 112m (65) -
Operating margin increased to 6.6% (5.5)
-
The result for the period increased by 99% to
SEK 88m (44) -
Basic earnings per share amounted to
SEK 6.06 (3.05) -
Cash flows from operating activities amounted to
SEK -81m (179)
JANUARY- DECEMBER 2021 - Revenue increased by 34% to
SEK 6,212m (4,635) -
Operating profit increased by 47% to
SEK 483m (328) -
Operating margin increased to 7.8% (7.1)
-
The result for the period increased by 53% to
SEK 339m (222) -
Basic earnings per share amounted to
SEK 23.33 (15.25) -
Cash flows from operating activities amounted to
SEK 457m (693)
- Revenue increased by 34% to
SEK 6,212m (4,635) -
Operating profit increased by 47% to
SEK 483m (328) - Operating margin increased to 7.8% (7.1)
-
The result for the period increased by 53% to
SEK 339m (222) -
Basic earnings per share amounted to
SEK 23.33 (15.25) -
Cash flows from operating activities amounted to
SEK 457m (693)
SEK m (or as stated) | 2021 Q4 | 2020 Q4 | % | 2021 12M | 2020 12M | % |
Revenue | 1 694 | 1 185 | 43% | 6 212 | 4 635 | 34% |
Gross profit | 286 | 187 | 53% | 1 111 | 797 | 39% |
Operating profit | 112 | 65 | 71% | 483 | 328 | 47% |
Result for the period | 88 | 44 | 99% | 339 | 222 | 53% |
Result per ordinary share, SEK* | 6,06 | 3,05 | 99% | 23,33 | 15,25 | 53% |
Cash flow from operations | -81 | 179 | 457 | 693 | ||
Net debt (cash) | 198 | -20 | 198 | -20 | ||
Gross margin, % | 16,9% | 15,8% | 1,1pp | 17,9% | 17,2% | 0,7pp |
Operating margin, % | 6,6% | 5,5% | 1,1pp | 7,8% | 7,1% | 0,7pp |
Working capital/LTM Revenue, % | 2% | 5% | -2,4pp | 2% | 5% | -2,4pp |
Equity/total assets, % | 28% | 31% | -3,0pp | 28% | 31% | -3,0pp |
Return on capital employed, LTM, % | 29% | 20% | 9,3pp | 29% | 20% | 9,3pp |
Return on equity, LTM, % | 36% | 26% | 109pp | 36% | 26% | 10pp |
*Before dilution
Lars Corneliusson, President and CEO, comments: 2021 was
About Ferronordic
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https://news.cision.com/ferronordic-ab/r/year-end-report-1-january---31-december-2021,c3509612
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