HANZA: Interim report January - September 2022

HANZA AB (publ) reports a all-time-high third quarter with a 40% sales growth compared to the same quarter last year. The company also reports a continued high order intake and expect a strong performance going forward. In addition, as announced separately, HANZA has set a strategy for the coming years, HANZA 2025, with raised financial targets.

Third quarter 2022

• Net sales increased by 40% to SEK 838 million (597). Adjusted for acquisitions and currency, growth amounted to 26%.
• Operating profit (EBITA) increased to SEK 50.2 million (37.5), which corresponds to an operating margin of 6.0% (6.3). The margin was negatively affected by increased costs of energy and certain material, which has been forwarded to the customer with no added margin.
• Profit after tax amounted to SEK 26.1 million (19.9), which corresponds to SEK 0.73 (0.56) per share before dilution and SEK 0.72 (0.55) after dilution.
• Cash flow from operating activities amounted to SEK 82.9 million (-19.3).

The nine-month period 2022

• Net sales increased by 42% to SEK 2,548 million (1,799). Adjusted for acquisitions and currency, growth amounted to 27%.
• Operating profit (EBITA) increased to SEK 148.7 million (100.3), which corresponds to an operating margin of 5.8% (5.6).
• Profit after tax amounted to SEK 81.5 million (55.0), which corresponds to SEK 2.28 (1.56) per share before dilution and SEK 2.25 (1.56) after dilution.
• Cash flow from operating activities amounted to SEK 125.6 million (66.2).

CEO Erik Stenfors comments the report

"We see a continued strong demand from our diversified customer base, and we also continue to gain trust from new customers. In addition to signing new agreements, we have expanded our premises in several locations during the quarter to accommodate increasing volumes. One feature of our cluster model is that it allows us to expand in a cost-effective way.”

"Our focus now is to deliver on the HANZA 2025 strategy. This phase includes, among other things, new and offensive financial targets, firm sustainability goals and continued development of our clusters.”

“By complementing manufacturing with related services, customer value can be increased. In close dialogue with our customers, HANZA will investigate the need for additional geographic presence, which may lead to a future geographic expansion by the end of 2025”.

This disclosure contains information that HANZA AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on November 8 2022 at 07:30 am.

For further information please contact:
Erik Stenfors, CEO, Tel: +46-709 50 80 70, e-mail: erik.stenfors@hanza.com
Lars Åkerblom, CFO, Tel: +46-707 94 98 78, e-mail: lars.akerblom@hanza.com

Important information This press release may contain certain forward-looking statements that reflect HANZA’s current views of future events and financial and operational performance. Words such as "intends", "anticipates", "expects", "may", "plan ", "anticipate" or similar expressions regarding indications or predictions of future developments or trends, and are not based on historical facts, constitute forward-looking information. Forward-looking information is inherently associated with both known and unknown risks and uncertainties because it is dependent on future events and circumstances. Forward-looking statements are not guarantees regarding future results or developments and actual results may differ materially from those set forth in forward-looking information.

About HANZA:

HANZA is a global knowledge-based manufacturing company that modernizes and streamlines the manufacturing industry. Through supply-chain advisory services and with production facilities grouped into regional manufacturing clusters, we create stable deliveries, increased profitability and an environmentally friendly manufacturing process for our customers. The company was founded in 2008 and in 2021 had sales exceeding SEK 2.5 billion. The company has six manufacturing clusters: Sweden, Finland, Germany, Baltics, Central Europe and China. Among HANZA's clients are leading companies such as 3M, ABB, Epiroc, GE, Getinge, John Deere, Saab, Sandvik, Siemens and Tomra.

HANZA is listed on Nasdaq Stockholm's main list (ticker: HANZA).

For more information please visit: www.hanza.com