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Year-end report 1 April 2021 - 31 March 2022

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Fourth quarter (1 January -  31 March 2022)

  • Net sales increased by 34 percent and amounted to SEK 3,916 million (2,927).
  • Operating profit before amortisation of intangible non-current assets (EBITA) increased by 54 percent and amounted to SEK 517 million (335) corresponding to an EBITA margin of 13.2 percent (11.4). 
  • Operating profit increased by 64 percent and amounted to SEK 436 million (266) corresponding to an operating margin of 11.1 percent (9.1).
  • Profit after tax increased by 71 percent and amounted to SEK 325 million (190) and earnings per share before dilution amounted to SEK 1.20 (0.65) and after dilution amounted to SEK 1.15 (0.65).

Full year (1 April 2021- 31 March 2022)

  • Net sales increased by 24 percent and amounted to SEK 14,038 million (11,336). 
  • Operating profit before amortisation of intangible non-current assets (EBITA) increased by 44 percent and amounted to SEK 1,803 million (1,251) corresponding to an EBITA margin of 12.8 percent (11.0). 
  • Operating profit increased by 52 percent and amounted to SEK 1,501 million (989) corresponding to an operating margin of 10.7 percent (8.7).
  • Profit after tax increased by 53 percent and amounted to SEK 1,117 million (729) and earnings per share before dilution amounted to SEK 4.00 (2.60) and after dilution amounted to SEK 3.95 (2.60). 
  • Return on working capital (P/WC) amounted to 69 percent (52).
  • Return on equity amounted to 30 percent (23) and the equity ratio amounted to 34 percent (35).
  • Cash flow from operating activities amounted to SEK 1,121 million (1,503). Cash flow per share from operating activities amounted to SEK 4.15 (5.60).
  • Since the start of the financial year thirteen acquisitions have been completed and closed another four after the end of the year. In total, this equals approximately SEK 1,650 million in annual sales.
  • The Board of Directors proposes a dividend of SEK 1.80 (1.20) per share.

CEO's comments
Addtech can sum up another successful year in which we clearly continued to deliver on our vision of being a leader in technical solutions for a sustainable future. The year has been marked by a strong recovery in market activity and demand for sustainable technical solutions. Over the year, our strong position in strategically chosen segments generated organic growth of 15 percent, while we also carried out thirteen carefully selected acquisitions. Thanks to our companies’ extraordinary performance, the operating margin was strengthened to a record 12.8 (11.0) percent. The strength of our culture, with its focus on entrepreneurship, manifested itself.

For the full CEO comment, please see the Year-end report.

Stockholm, May 17, 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 17 May 2022.

A phone conference and webcast will be arranged in relation to the report, at 10.00 a.m.
Phone:
Sweden: +46 8 566 184 67
UK: +44 207 192 8338
United States: +1 646 741 3167
PIN: 2658637
Webcast: https://edge.media-server.com/mmc/p/75yjpy27

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 the Nasdaq Stockholm.

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