Interim report Q1 1 April - 30 June 2024

First quarter (1 April - 30 June 2024)

• Net sales increased by 7 percent and amounted to SEK 5,438 million (5,089).
• Operating profit before amortisation of intangible non-current assets (EBITA) increased by 19 percent and amounted to SEK 831 million (696) corresponding to an EBITA margin of 15.3 percent (13.7).
• Operating profit increased by 20 percent and amounted to SEK 713 million (595) corresponding to an operating margin of 13.1 percent (11.7).
• Profit after tax increased by 27 percent and amounted to SEK 495 million (392) and earnings per share before/after dilution amounted to SEK 1.80 (1.40). For the latest twelve month period earnings per share before/after dilution amounted to SEK 6.45 (5.75).
• Return on working capital (P/WC) amounted to 71 percent (66).
• Return on equity amounted to 28 percent (30) and the equity ratio amounted to 39 percent (38).
• Cash flow from operating activities amounted to SEK 602 million (547). For the latest twelve month period, cash flow per share from operating activities amounted to SEK 9.75 (8.10).
• Since the start of the financial year, seven acquisitions have been completed, with total annual sales of about SEK 855 million.

CEO´s comments
Overall, the new financial year is off to a good start, with high levels of activity and strengthened profitability across the board. Despite a certain uncertainty in the market, sales increased by 7 percent, 2 percent of which was organic. It is satisfying to see that our long-term initiatives to increase the value added in our offering, to strengthen the product mix and, not least, to increasingly focus on profitable acquisitions, gives effect with EBITA increasing 19 percent with a continued strong margin of 15.3 percent (13.7). Our international expansion is continuing as planned and the rate of acquisitions in the beginning of the year has been high with a total of seven acquisitions, of which five took place outside the Nordic region. Our entrepreneurial-driven companies are demonstrating their strength again, continuing to generate profitable growth in a challenging market.

For the full CEO comment, please see the Interim Report.

Stockholm July 12, 2024

This information is information that Addtech AB (publ.) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out below, at 8.15 a.m CET on 12 July 2024.

A phone conference and webcast will be arranged in relation to the report, at 10.00 a.m.

For participation in the conference:
Phone: Register on the link https://conference.financialhearings.com/teleconference/?id=50048587
Webcast: https://ir.financialhearings.com/addtech-q1-report-2024

For further information, please contact:
Niklas Stenberg, President and CEO, +46 8 470 49 00 
Malin Enarson, CFO, +46 705 979 473

Addtech in brief
Addtech is a technical solutions group that provides technological and economic value added in the link between manufacturers and customers. Addtech operates in selected niches in the market for advanced technology products and solutions. Its customers primarily operate in the manufacturing industry and infrastructure. Addtech has about 4,000 employees in more than 150 subsidiaries that operate under their own brands. The Group has annual sales of more than SEK 20 billion. Addtech is listed on Nasdaq Stockholm.