First quarter (1 April -
- Net revenue increased by 33% to MSEK 1,301 (977).
- Organically, net revenue increased by 18%.
- Operating profit (EBITA) increased to MSEK 212 (124), equivalent to an operating margin of 16.3% (12.7).
- Profit after financial items increased by 94% and amounted to MSEK 180 (93).
-
Profit after taxes increased to MSEK 139 (70). Earnings per share after dilution amounted to
SEK 2.24 for the moving 12-month period (SEK 1.91 for the 2020/21 financial year). - Return on equity was 25% (21). The equity ratio at the end of the period was 36% (41).
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CW Lundberg (CWL) including subsidiaries in
Sweden ,Norway andPoland . CWL has a business volume of about MSEK 185 with good profitability. -
Libra in
Norway with a subsidiary inLatvia and an associated company inVietnam . Libra has a business volume of about MNOK 175 with good profitability.
-
CW Lundberg (CWL) including subsidiaries in
-
The Annual General Meeting will be held on
24 August 2021 at4.00 p.m. atIVA's Conference Centre inStockholm . Due to the continued uncertainty regarding the infection situation, a limited attendance and postal voting procedure are planned. -
The Board of Directors in the notice convening the Annual General Meeting intends to propose a dividend of
SEK 1.00 (0.67) per share.
Statement of the Chief Executive
"A really good start to the year" - that is how I would like to sum up the first quarter of the financial year. The recovery after the pandemic that we communicated in recent quarters has strengthened and changed over to growth where all divisions are delivering good organic growth and in addition we have clearly obtained positive effects from the acquired businesses. In terms of numbers, the organic sales growth for the Group was a historically high 18% and just as much came from acquisitions. Of the increase in the operating profit of MSEK 88 in total, MSEK 52, equivalent to approximately 60% came from organic improvements. Being well aware of the fact that the first quarter of the previous financial year was negatively impacted by the effects of the pandemic, this is still very gratifying and stronger than we expected.
Quarterly earnings were therefore strong, where the profit (after net financial items) reached MSEK 180, which is essentially double compared to the same quarter last year (93). The operating margin reached 16.3% (12.7) and earnings per share on a moving 12-month basis now amounts to
It was also positive during the quarter that we launched our new growth ambitions - what we are calling "
It is also important to comment on the two smaller acquisitions we carried out during the quarter. We see along the way that
Ahead of the coming quarters, I am still optimistic. The first quarter, which we have now just completed is a seasonally strong quarter for
President and CEO
A phone conference will be held 16 July at
Phone: +46 8 619 7530. PIN: 332347#
Link to presentation:
https://www.lagercrantz.com/en/reports-and-presentations
For further information please contact:
Kristina Elfström Mackintosh, Chief Financial Officer,
or visit our website www.lagercrantz.com
This information is such information that
LAGERCRANTZ GROUP IN BRIEF
https://news.cision.com/lagercrantz-group/r/lagercrantz-interim-report-2021-22-q1,c3385812
https://mb.cision.com/Main/995/3385812/1445531.pdf
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