Interim report January –
Events during the quarter
Hexatronic signed three agreements inGermany to a total value of MSEK 70.Hexatronic establish 5G training through the acquisition ofMpirical Ltd. inUK .Hexatronic has issued a redundancy notice for the fiber optics assembly operation in Örebro, with the aim of relocating all production to Baltronic inEstonia and coordinating our warehouses inSweden to Hudiksvall. The relocation is part of efforts to strengthen the company’s competitiveness on a growing international market, while the Swedish market is expected to decrease in the coming years.
Events since the end of the period
Hexatronic has signed a binding asset purchase agreement to acquire all the telecom activities ofREHAU Group – one of the main players in the German microduct market.Hexatronic has acquired 100% of the shares in two Australian companies.Optical Solutions Australia Group is a national value-creating distributor of telecom solutions andThe Fiber Optic Shop Pty Ltd designs and manufactures fiber optic products.Hexatronic acquires 100% of the shares ofH. Weterings Galgeweg BV inthe Netherlands . Weterings produces ducts and tubes for the telecommunication and agriculture market.- Pernilla Lindén took office as CFO and member of the Group Management Team at
Hexatronic Group as ofAugust 9, 2021 .
COMMENTS FROM THE CEO
Very strong growth and increased profitability
The strong development from the first quarter of the year was reinforced during the second, with excellent growth of 54% compared to the corresponding quarter last year, 38% of which was organic. The increase in profitability for the quarter was even stronger. EBITA increased by 90% and earnings per share rose by 102%. EBITA in the second quarter was positively affected with approximately MSEK 8 as a result of the US authorities’ decision to forgive loans related to covid-19 raised through
For the current rolling 12-month period, with 35% sales growth and 11,5% EBITA, we are exceeding our goals of at least 20% growth and an EBITA margin of at least 10%. We note continued high costs for transport and raw materials for the second quarter as a result of the ongoing pandemic. Effects that we assess will persist for the rest of the year.
Our internationalization journey continues at a high pace, exemplified by the fact that the
Sales in
Sales in
The order book has continued to develop very positively. We entered the third quarter with an order book that was 182% higher organically than at the same point last year. Excluding marine cable projects, the order book was 147% higher.
With the strong development we are seeing in most of our markets, we will continue to invest in more capacity for continued growth.
During the quarter, we acquired training company Mpirical. Mpirical focuses on online training in 5G and wireless communication. We can see excellent potential in their business within 5G, and in using their technique for our training companies in fiber optic networks.
Since the end of the quarter, we have made four strategic acquisitions: the telecom business of
The acquisitions further bolster our offering, while rendering our business even more international. In addition to a strong strategic match with
Following completed acquisitions, we have continued a sound capital structure with a Net Debt / EBITDA that is expected to amount to approximately 2.4x, including the acquisition of
We look forward to travelling with you on our ongoing journey towards further growth.
President and CEO
Publication
This information comprises disclosures that
Upcoming reporting dates
Interim Report July-
Year-End Report 2021:
Interim Report January-
Annual General Meeting
The Annual General Meeting for financial year 2021 will be held
For more information, please contact:
Henrik Larsson Lyon , CEOHexatronic Group , +46 (0)70-650 34 00- Pernilla Lindén, CFO, + 46 (0)70-984 22 33
Sofierogatan 3A, 412 51
www.group.hexatronic.com/en
Attachment
- 2021-08-12
Hexatronic Group - Interim report Q2 2021
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