Interim Report Q3 1 April - 31 December 2021

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Third quarter (1 October - 31 December 2021)

  • Net sales increased by 24 percent and amounted to SEK 3,586 million (2,881).
  • Operating profit before amortisation of intangible non-current assets (EBITA) increased by 51 percent and amounted to SEK 459 million (304) corresponding to an EBITA margin of 12.8 percent (10.6). 
  • Operating profit increased by 60 percent and amounted to SEK 382 million (238) corresponding to an operating margin of 10.7 percent (8.3).
  • Profit after tax increased by 61 percent and amounted to SEK 279 million (174) and earnings per share before/after dilution amounted to SEK 0.95 (0.65).

Period (1 April - 31 December 2021)

  • Net sales increased by 20 percent and amounted to SEK 10,122 million (8,409). 
  • Operating profit before amortisation of intangible non-current assets (EBITA) increased by 40 percent and amounted to SEK 1,286 million (916) corresponding to an EBITA margin of 12.7 percent (10.9). 
  • Operating profit increased by 47 percent and amounted to SEK 1,065 million (723) corresponding to an operating margin of 10.5 percent (8.6).
  • Profit after tax increased by 47 percent and amounted to SEK 792 million (539) and earnings per share before/after dilution amounted to SEK 2.80 (1.95). For the latest twelve month period earnings per share before/after dilution amounted to SEK 3.45 (2.90).
  • Return on working capital (P/WC) amounted to 66 percent (54).
  • Return on equity amounted to 28 percent (27) and the equity ratio amounted to 35 percent (33).
  • Cash flow from operating activities amounted to SEK 805 million (1,050). For the latest twelve month period, cash flow per share from operating activities amounted to SEK 4.65 (5.60).
  • Since the start of the financial year twelve acquisitions have been completed with total annual sales of about SEK 860 million. 

CEO´s comments
Our strong position in strategically selected growth areas continues to deliver good organic growth in all business areas. Thanks to the commitment and hard work of our entrepreneurial driven companies, we continue to cope with a strained supply chain and an ongoing pandemic and we were, on the whole, able to capture the quarter's high level of demand and deliver in accordance with our commitments. Combined with several project deliveries towards the end of the period, this resulted in a total sales increase of 24 percent, of which 13 percent was organic. Addtech's strategy and business model work very well and the conditions to continue generating sustainable profitable growth are good, concludes Niklas Stenberg, CEO.

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

Stockholm, February 8, 2022

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 8 February 2022.

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

Sweden: +46 856642651
UK: +44 3333000804 (international toll free number)
United States: +1 6319131422
PIN: 37900434

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 3,000 employees in more than 140 subsidiaries that operate under their own brands. The Group has annual sales of more than SEK 11 billion. Addtech is listed on the Nasdaq Stockholm.