Fourth quarter 2023
- Net sales increased by 5% to
SEK 1,056 million (1,001). Adjusted for currency and re-invoicing of energy and material costs, the growth amounted to 4%. -
Operating profit (EBITA) increased to
SEK 76 million (63), which corresponds to an operating margin of 7.2% (6.3). Adjusted for costs related to the acquisition of Orbit One and cost of revaluation of additional purchase price, the underlying operating profit wasSEK 89 million , which corresponds to an operating margin of 8.4%. -
Profit after tax increased to
SEK 47 million (40), which corresponds toSEK 1.16 (1.06) per share before dilution andSEK 1.15 (1.04) after dilution. -
Cash flow from operating activities amounted to
SEK 97 million (19).
Full year 2023
- Net sales increased by 17% to
SEK 4,143 million (3,549). Adjusted for currency, acquisitions and re-invoicing of energy and material costs, the growth amounted to 12%. -
Operating profit (EBITA) increased to
SEK 344 million (212), which corresponds to an operating margin of 8.3% (6.0). Non-recurring items (mainly received energy subsidy and costs related to acquisitions) affected the result negatively bySEK 6 million . Excluding these items, operating profit amounted toSEK 350 million , corresponding to an operating margin of 8.4%. -
Profit after tax increased to
SEK 214 million (121), which corresponds toSEK 5.36 (3.35) per share before dilution andSEK 5.31 (3.30) after dilution. -
Cash flow from operating activities amounted to
SEK 277 million (145). -
The Board proposes a dividend of
SEK 1.20 (0.75) per share for 2023.
CEO
"Through the acquisition of Orbit One, HANZA reaches a pro forma turnover of
"Orbit One has a couple of percentage points lower operating margin than HANZA, which in combination with weaker demand from some customers, lowers the group's margin. However, we have already started our integration and synergy program and we are confident that the work will have a positive impact on the margin already during this year. Next year - 2025 - we should again exceed an 8% operating margin."
"HANZA has shown stable cash flows for many years, which continued during the period. For the fourth quarter, cash flow from operating activities amounted to
This disclosure contains information that
For further information please contact:
+46 709 50 80 70
e-mail: erik.stenfors@hanza.com
Lars Åkerblom, CFO
+46 707 94 98 78
lars.akerblom@hanza.com
Important information
This press release may contain certain forward-looking statements that reflect HANZA's current views of future events and financial and operational performance. Words such as "intends", "anticipates", "expects", "may", "plan ", "anticipate" or similar expressions regarding indications or predictions of future developments or trends, and are not based on historical facts, constitute forward-looking information. Forward-looking information is inherently associated with both known and unknown risks and uncertainties because it is dependent on future events and circumstances. Forward-looking statements are not guarantees regarding future results or developments and actual results may differ materially from those set forth in forward-looking information.
About HANZA
HANZA is a global knowledge-based manufacturing company that modernizes and streamlines the manufacturing industry. Through supply-chain advisory services and with production facilities grouped into regional manufacturing clusters, we create stable deliveries, increased profitability and an environmentally friendly manufacturing process for our customers. HANZA was founded in 2008 and today has a pro forma annual turnover of over
For more information please visit: www.hanza.com
https://news.cision.com/hanza-ab/r/hanza-year-end-report-2023,c3927199
https://mb.cision.com/Main/6093/3927199/2598991.pdf
https://mb.cision.com/Public/6093/3927199/aa1db3e755504e6a.pdf
(c) 2024 Cision. All rights reserved., source