HANZA Holding AB (publ) shows good organic growth and a continued increase in profitability during the third quarter of 2021. In October, the company completed an acquisition in Germany and sees a continued positive development ahead.

 

 

Third quarter 2021

  • Net sales increased by 18.7% to SEK 597 million (503).
  • Operating profit (EBITA) increased to SEK 37.5 million (21.4),

which corresponds to an operating margin of 6.3% (4.3).

  • Profit after tax amounted to SEK 19.9 million (6.6),

which corresponds to SEK 0.56 per share (0.20).

  • Cash flow from operating activities amounted to SEK -19.3 million (25.9).

 

The nine-month period 2021

  • Net sales increased by 8.3% to SEK 1,799 million (1,661).
  • Operating profit (EBITA) increased to SEK 100.4 million (29.2),

which corresponds to an operating margin of 5.6% (1.8).

  • Profit after tax amounted to SEK 55.0 million (-6.6),

which corresponds to SEK 1.56 per share (-0.19).

  • Cash flow from operating activities amounted to SEK 66.2 million (120.2).
     

CEO Erik Stenfors comments on the report

 

"Our organic growth increased to 12% in the third quarter. This is a good increase considering the global material challenges. During the quarter, we also saw an increase in order intake in Germany, though this has not yet been reflected in the sales figures."

 

"We achieved an operating margin of 6.3% in the third quarter, even though the holiday period has a negative effect on profitability. This means that we see an increase in profitability compared to both the corresponding quarter last year and the second quarter this year."

 

"In October, we acquired an electronics company in Germany. The acquisition was made in accordance with our acquisition model with regards to geography, technology, and customer portfolio. HANZA has a continued solid financial situation, which is why we chose to complete the transaction in cash. The acquisition is important for the future and we welcome another 150 colleagues to HANZA."

 

For further information please contact:
Erik Stenfors, CEO, Tel: +46-709 50 80 70, e-mail: erik.stenfors@hanza.com
Lars Åkerblom, CFO, Tel: +46-707 94 98 78, e-mail: lars.akerblom@hanza.com

 

 

The information in this press release is such that HANZA must disclose it in accordance with the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 07.30 am (CET), November 9, 2021. 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 knowledge-based global manufacturer that modernizes and streamlines the manufacturing industry. Through supply-chain advisory services and our own factories grouped into regional manufacturing clusters, we offer secure deliveries, increased profitability and sustainable manufacturing solutions for our customers.
HANZA was founded in 2008 and in 2019 had sales exceeding SEK 2 billion. The company has production units in seven countries; Sweden, Finland, Germany, Estonia, Poland, the Czech Republic and China. Among our clients are leading product companies such as ABB, Epiroc, GE, Getinge, Oerlikon, Saab and Siemens.

HANZA is listed on Nasdaq Stockholm's main list (ticker: HANZA).

For more information please go to: www.hanza.com

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