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Interim report Q2 1 April - 30 September 2022

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Second quarter (1 July - 30 September 2022)

  • Net sales increased by 36 percent and amounted to SEK 4,418 million (3,257).
  • Operating profit before amortisation of intangible non-current assets (EBITA) increased by 37 percent and amounted to SEK 582 million (425) corresponding to an EBITA margin of 13.2 percent (13.1).
  • Operating profit increased by 39 percent and amounted to SEK 489 million (351) corresponding to an operating margin of 11.1 percent (10.8).
  • Profit after tax increased by 38 percent and amounted to SEK 362 million (263) and earnings per share before/after dilution amounted to SEK 1.30 (0.95).

Period (1 April - 30 September 2022)

  • Net sales increased by 35 percent and amounted to SEK 8,794 million (6,536).
  • Operating profit before amortisation of intangible non-current assets (EBITA) increased by 39 percent and amounted to SEK 1,152 million (827) corresponding to an EBITA margin of 13.1 percent (12.7).
  • Operating profit increased by 42 percent and amounted to SEK 971 million (683) corresponding to an operating margin of 11.0 percent (10.4).
  • Profit after tax increased by 38 percent and amounted to SEK 706 million (513) and earnings per share before/after dilution amounted to SEK 2.50 (1.85). For the latest twelve month period earnings per share before dilution amounted to SEK 4.65 (3.15) and after dilution to SEK 4.60 (3.15).
  • Return on working capital (P/WC) amounted to 66 percent (61).
  • Return on equity amounted to 31 percent (26) and the equity ratio amounted to 32 percent (32).
  • Cash flow from operating activities amounted to SEK 524 million (435). For the latest twelve month period, cash flow per share from operating activities amounted to SEK 4.50 (5.10).
  • Since the start of the financial year seven acquisitions have been completed, with total annual sales of about SEK 600 million.

CEO´s comments
The second quarter can be summed up as another strong quarter with high levels of customer activity in all business areas. Total sales increased by 36 percent, of which 19 percent was organic growth. Despite continued disruptions in the value chains and increased prices for input goods, our entrepreneurial companies succeeded in meeting their customer commitments and, through active dialogues with customers and suppliers, defended their operating margins in a highly satisfactory manner. EBITA increased by 37 percent with a historically high margin of 13.2 percent. Demand remained strong during the quarter and we currently see no clear signs of a general slowdown in customer activity.

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

Stockholm, 27 October 2022

This information is information that Addtech AB (publ.) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out below, at 8.15 a.m CET on 27 October 2022.

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

For participation in the conference:
Phone:
Sweden: +46 8 505 10030
UK/International: +44 1 212 818004
United States: +1 718 7058796
Webcast:https://edge.media-server.com/mmc/p/gnyb6sxn

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 3,500 employees in more than 140 subsidiaries that operate under their own brands. The Group has annual sales of more than SEK 14 billion. Addtech is listed on Nasdaq Stockholm.

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