Summary of interim period, January-
- Net sales
SEK 1,150 million (951), an increase of 21% -
Recurring revenues
SEK 975 million (796), an increase of 22% including 9% organic -
EBITA was
SEK 327 million (247), with an EBITA margin of 28% (26) -
Operating profit was
SEK 213 million (158), with an operating margin of 18% (17) -
Earnings per share before dilution
SEK 4.55 (3.51) -
Cash flow from operating activities
SEK 430 million (375)
Summary of interim period, July-
- Net sales
SEK 380 million (321), an increase of 19% -
Recurring revenues
SEK 336 million (277), an increase of 21% including 8% organic -
EBITA was
SEK 109 million (86), with an EBITA margin of 29% (27) -
Operating profit was
SEK 71 million (61), with an operating margin of 19% (19) -
Earnings per share before dilution
SEK 1.48 (1.32) -
Cash flow from operating activities
SEK 89 million (73) -
Directed share issue of
SEK 920 million , acquisitions of Ecclesia and Vabi
Acquisition outside the Nordics and share issue
We have been extremely busy during the third quarter, which is usually dominated by holiday periods. We completed two acquisitions, first Ecclesia, an add-on acquisition that is an excellent complement to our offering in vertical software for church-related administration in
A lower new case rate and relaxed restrictions in the countries in which we operate bring opportunities to meet with our customers and colleagues once again, both physically and digitally. The takeaway from our work during the pandemic includes many good examples of how we can run our businesses more sustainably, with less travel, increased focus and more efficient meetings. Based on these lessons learned and combined with the innovative power of human encounters, we see a bright future with continued growth for
The share of recurring revenues is 88% for the period and 85% cumulatively, which is fully in line with our aims. We also see that our organic growth remains relatively steady, well ahead of growth in the economy at large. This trend is due to a number of factors, including increased customer inflow, additional sales to existing customers and increases in our volume-dependent services such as digital signing and messaging services.
Regarding earnings, we can once again report a quarter with increased margins compared with the same period last year, although our overhead expenses are still a bit too low. The increased margins are the result of the efforts of all business units to grow their businesses, involving many small continuous improvements and a long-term perspective. That is how we foster continued sustainable growth at
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