A challenging end to a strong year.
October -
- Net sales decreased to
SEK 5,142 million (5,692) -
EBITA, excl. items affecting comparability, decreased to
SEK 514 million (532), margin 9.5 percent (9.4) -
EBITA decreased to
SEK 224 million (532), margin 4.4 percent (9.4) -
EBIT decreased to
SEK 248 million (596), margin 4.8 percent (10.5) -
Profit after tax decreased to
SEK 235 million (472), corresponding toSEK 0.66 per share (1.34)
January -
- Net sales increased to
SEK 20,858 million (20,629) -
EBITA, excl. items affecting comparability, increased to
SEK 2,056 million (1,869), margin 9.7 percent (9.1) -
EBITA decreased to
SEK 1,766 million (1,869), margin 8.5 percent (9.1) -
EBIT decreased to
SEK 1,706 million (1,892), margin 8.2 percent (9.2) -
Profit after tax decreased to
SEK 1,293 million (1,393), corresponding toSEK 3.64 per share (3.95) -
Net debt decreased to
SEK 943 million (2,114) - Net debt/EBITDA decreased to 0.5x (1.0)
-
The Board of Directors proposes a dividend distribution of
SEK 2.20 per share (2.07)
Comments from President and CEO Åsa Bergman:
I am proud that we continued to grow our business and improve profitability in seven of our eight markets during such a challenging year. I am pleased that our two largest Business Areas,
Market uncertainty affects growth - profitability and cash-flow remains stable
Organic growth in the quarter was -5 per cent, adjusted for calendar effects and the write-down. Parts of the industry, and the private building and real estate segments continued to be impacted by Covid-19 during the fourth quarter, with an additional negative effect from lockdowns and other restrictions. The impact has been most visible in the
We had strong, double-digit EBITA margins in
Net sales growth for the full year was -1 per
The order book remains stable. We have a strong financial position with stable cash flow and low net debt, giving us flexibility and allowing us to leverage opportunities.
Write-down in
As previously communicated, the extensive review of the German project portfolio was completed at the end of 2020 and a decision was made to conduct a write-down of
Acquisitions - an important part of our growth strategy
There was significant acquisition activity during 2020. In total, we completed ten acquisitions that strengthened our offerings and market positions. In
Continued focus on profitable growth
We have a clear strategic focus on organic and acquired growth as well as on establishing market leading positions in all our Business Areas. By continuing to implement the
With a strong financial position and a stable full-year result, the Board proposes a dividend of
I would also like to take the opportunity to thank all clients, partners and employees for everything that we have achieved together during 2020.
For additional information, please contact:
Olof Stålnacke, Chief Financial Officer, +46 70 306 46 21
Katarina Grönwall, Communications Director, +46 73 258 93 33
This information is information that
https://news.cision.com/sweco/r/year-end-report-2020-sweco-ab--publ-,c3284201
https://mb.cision.com/Main/1356/3284201/1370981.pdf
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