HANZA interim report, January - March 2021
HANZA Holding AB (publ) released its interim report for the first quarter of 2021 on April 26. The report shows increasing profitability and a continued strong cash flow. The company also describes how the acquisition in March was an important step in the company's strategic plan. Looking ahead, HANZA sees a growing market.
First quarter January 1 – March 31)
- Net sales amounted to SEK 567.4 million (599.1). Quantifiable items that affect the comparison with Q1, 2020, amount to a net of approx. SEK -70 million. Adjusted for these, growth was approx. 7 %.
- Operating profit (EBITA) increased to SEK 22.5 million (20.4), which corresponds to an operating margin of 4.0 % (3.4). Costs directly related to the acquisition of SLP charged the quarter with SEK 6.0 million. Excluding these costs, operating profit amounted to SEK 28.5 million (20.4), which corresponds to an operating margin of 5.0 % (3.4).
- Profit after tax amounted to SEK 9.1 million (6.4), which corresponds to SEK 0.27 per share (0.19).
- Cash flow from operating activities amounted to SEK 66.1 million (67.6).
Material events during the period
- On March 19, HANZA acquired Suomen Levyprofiili Oy (”SLP”), a successful Finnish manufacturer of sheet metal mechanics with over 100 employees.
- On March 23, the Nomination Committee presented its proposal to the Board ahead of the Annual General Meeting, which was a re-election of the board in its entirety.
CEO Erik Stenfors comments the report
"Last year we saw how our mature manufacturing clusters managed to meet a rapidly changing demand, with good profitability. We are now working actively to develop our smaller clusters to achieve a corresponding level throughout the Group."
“We see a good development of our sales and during the first quarter we decided on capacity-increasing machine investments of approximately SEK 30 million that will be installed during the autumn. In parallel, we are building our new production facility for complex assembly in Estonia, which will be opened at the beginning of next year.”
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
The information in this press release is such that HANZA must disclose it in accordance with the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 08.30 am (CET), April 26, 2021. 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 knowledge-based global manufacturer that modernizes and streamlines the manufacturing industry. Through supply-chain advisory services and our own factories grouped into regional manufacturing clusters, we offer secure deliveries, increased profitability and sustainable manufacturing solutions for our customers.
HANZA was founded in 2008 and has since 2019 had sales exceeding SEK 2 billion. The company has production units in seven countries; Sweden, Finland, Germany, Estonia, Poland, the Czech Republic and China. Among our clients are leading product companies such as ABB, Epiroc, GE, Getinge, Oerlikon, Saab and Siemens.
HANZA is listed on Nasdaq Stockholm's main list (ticker: HANZA).
For more information please go to: www.hanza.com