Second quarter: 1 April -
- Total revenue increased by 26,7 % to 324 891 (256 438) TSEK
- Organic growth amounted to 17,4 % (26,3 %)
- Gross margin amounted to 31,8 % (30,5 %)
- Operating profit amounted to 32 136 (24 792) TSEK
- Adjusted EBITA amounted to 32 136 (24 792) TSEK
- Net income amounted to 22 572 (16 587) TSEK
-
Basic earnings per share amounted to 1,88
(1,38) SEK -
Diluted earnings per share amounted to 1,87
(1,37) SEK - Cash flow from operations amounted to 32 953 (27 890) TSEK
- Cash and cash equivalents amounted to 132 004 (82 963) TSEK
-
Net debt in relation to adjusted EBITDA R12: 0,7 (1,2)
Half-year: 1 January -
- Total revenue increased by 23,1 % to 623 998 (506 868) TSEK
- Organic growth amounted to 13,8 % (16,0 %)
- Gross margin amounted to 31,5 % (30,1 %)
- Operating profit amounted to 62 368 (46 640) TSEK
- Adjusted EBITA amounted to 62 368 (46 640) TSEK
- Net income amounted to 44 155 (31 005) TSEK
-
Basic earnings per share amounted to 3,68
(2,58) SEK -
Diluted earnings per share amounted to 3,65
(2,56) SEK -
Cash flow from operations amounted to 46 091 (22 618) TSEK
The comparison figures within parentheses refer to the corresponding period last year, unless otherwise stated.
CEO comments
Jetpak had a strong second quarter with a total growth of 26,7 % with an underlying organic growth of 17,4 %. Total revenue amounted to TSEK 324 891 and the operating profit to TSEK 32 136 with an operating margin of 9,9 %.
The
Reopening of the Nordic markets decreased the demand growth for home deliveries for our retail customers, which had some impact on our segment growth, especially in
We experienced a continued market growth in both segments during the quarter, even though our core markets in
During the quarter we continued to optimize our supply chain solutions by CO2 reducing initiatives, which included the use of HVO-fuel and initiatives to increase use of electrical vehicles within densely populated areas. Development of drone technologies is closely monitored and will be an integrated part of our future supply chain solutions when we have an operational and commercial proven concept. These initiatives will remain important focus areas during coming periods.
Our most recent acquisition of CTS Express continued to develop satisfactory during the quarter and contributed with TSEK 17 676 of revenue and TSEK 2 809 of operating profit. Our acquisition of CTS Express provides a strong platform for further organic growth in Scandinavia as well as for synergy driven acquisitions.
M&A activities continued during the quarter with focus on our acquisition target pipeline build up as well as initial meetings with candidates. This remains an important focus area and will be driving our business priorities for the coming quarters.
The
Despite the business disturbances, a strong second quarter and first half year provide expectations of continued satisfactory performance for the coming quarters. Main uncertainty comes from the future overall macro-economic development with increasing inflation and interest levels, which potentially can affect our growth, something which therefore will be carefully monitored in order to ensure mitigating actions on both cost and pricing.
We expect continued strong two-digit organic growth for the coming quarter and reiterate our long-term organic growth and adjusted EBITA target.
Chief Executive Officer
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The information was submitted for publication, through the contact person mentioned below, on
This constitutes information that
The full report is attached and available at:
https://jetpakgroup.com/en/investors/financial-reports/
For further information
Håkan Mattisson, CFO
Phone: +46 8 5558 5220
e-mail: ir@jetpak.com
About Jetpak
Jetpak is a logistic group represented in more than 170 locations around the Nordic region and in
This can be further supplemented by a unique customized next-day service for systemized transports.
Segment wise, Jetpak has its business divided into one
The group's parent company,
The Jetpak share is traded under the short name JETPAK and with the ISIN code SE0012012508.
Please visit: https://jetpakgroup.com
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