Interim Report January – March 2022
Continued strong growth Quarterly net sales increased by 85 percent, with a strong contribution from the Norrvidinge acquisition. High market demand, but a global pandemic and the war in Ukraine have resulted in large price increases in fuels and raw materials, which has led to lower margins. Cash flow from operating activities improved during the quarter. The acquisition strategy remains firm, focusing on identified growth region in Sweden.“We live in a troubled world. A global pandemic has been accompanied by the war in Ukraine with major humanitarian consequences. This has reinforced