Fourth quarter (1 January -
- Net revenue totalled MSEK 1,118 (1,112).
- Operating profit (EBITA) increased to MSEK 192 (152), equivalent to an operating margin of 17.2 percent (13.7).
- Profit after financial items increased by 32 percent to MSEK 166 (126).
- Profit after taxes increased to MSEK 126 (101).
-
During the quarter, five businesses were acquired (VP Metall AS,
Hovicon International B.V. , Oy Esari Ab, Proagria MiljøA/S and Vihab AB ) with a total business volume of approx. MSEK 200 on an annual basis. -
In
March 2021 , a clarified strategic direction and a reorganisation were announced and the Group's financial goals and sustainability ambitions were defined in greater detail. -
After the closing of the financial year,
CW Lundberg AB was acquired with a business volume of approx. MSEK 185 and including subsidiaries inSweden ,Norway andPoland .
The financial year
- Net revenue for the financial year amounted to MSEK 4,091 (4,180).
- Operating profit (EBITA) increased by 9 percent to MSEK 616 (565), equivalent to an operating margin of 15.1 percent (13.5).
- Profit after financial items increased by 9 percent to MSEK 502 (460) and profit after taxes increased to MSEK 388 (366).
- Cash flow from operating activities amounted to MSEK 782 (507) during the financial year.
- Return on equity for the latest 12-month period amounted to 22 percent (23) and the equity ratio at the end of the period was 40 percent (39).
-
Earnings per share after dilution for the financial year amounted to
SEK 1.91 (1.80). -
The Board of Directors proposes a dividend of
SEK 1.00 (0.67) per share.
Statement of the Chief Executive
"Strong year despite uncertain market conditions."
The past year
The 2020/21 financial year was a new strong year for
After the uncertain spring of 2020, the second, third and fourth quarters of the financial year saw a gradual recovery with improved order intake, strengthened gross margins and restraint in terms of costs. Taken together, this resulted in stronger earnings. During the autumn, we also carried out a 3:1 share split in order to improve the liquidity in the share. We resumed acquisition activities, which were paused at the start of the pandemic and I can happily state that the end of the year was strong with an increase in profit in the final quarter of almost 30 percent and an all-time high operating margin in the fourth quarter of 17.2 percent. During the third and fourth quarters, we carried out no less than six acquisitions, which will strengthen the Group further. Early in the new 2021/22 financial year, a slightly larger transaction was made through the acquisition of the roof safety products company CW Lundberg. The acquisition adds a business volume of approximately MSEK 185 with a pro forma EBITA during 2020 of MSEK 33. In summary, our assessment is that
Future
When I now look ahead, I am doing so with confidence. Hopefully, the vaccination programmes will mean that societies can open up and it is expected that a high willingness to invest will drive growth in the next few years. In such an external environment, I see good opportunities for many of
Ahead of the new financial year, we have adopted a programme for continued expansion, which we call "
We confirm in the strategy work that
Looking ahead, the intention is to continue building a strong
In order to improve the potential to reach the goals, we are carrying out a reorganisation where the businesses in the Group, starting from the new 2021/22 financial year, are being divided into five divisions (compared to four previously). The new organisation clarifies the focus on attractive growth segments, which will create dynamism and clarity internally for employees, in relation to the stock market and in the acquisition market. The new structure with the divisions Electrify, Control, TecSec, Niche Products and International feels extremely exciting.
In acquisitions, we are broadening the work to cover a larger geographical area and are strengthening the divisions with increased resources. The details are provided further on in this year-end report.
In addition, "
President and CEO
A phone conference will be held
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, CFO, phone +46 8 700 66 70
This information is such information that
LAGERCRANTZ GROUP IN BRIEF
https://news.cision.com/lagercrantz-group/r/lagercrantz-year-end-report-2020-21,c3344577
https://mb.cision.com/Main/995/3344577/1415741.pdf
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