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Lagercrantz Interim Report 1 April - 30 September 2022

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Second quarter (1 July – 30 September 2022)

  • Net revenue increased by 39% to MSEK 1,668 (1,201), of which organic growth amounted to 11%.
  • Operating profit (EBITA) increased by 43% to MSEK 275 (192), equivalent to an EBITA margin of 16.5% (16.0).
  • Profit after financial items (EBT) increased by 37% to MSEK 214 (156).
  • Profit after taxes increased by 45% to MSEK 168 (116).
  • Cash flow from operating activities amounted to MSEK 211 (113).

 The first six months (1 April – 30 September 2022)

  • Net revenue increased by 30% to MSEK 3,265 (2,502), of which organic growth amounted to 10%.
  • Operating profit (EBITA) increased by 34% to MSEK 540 (404), equivalent to an EBITA margin of 16.5% (16,1).
  • Profit after financial items (EBT) increased by 33% to MSEK 446 (336).
  • Profit after taxes increased by 36% to MSEK 347 (255). Earnings per share after dilution for the latest 12-month period amounted to SEK 3.25 (2.80 for
    the financial year     2021/22).
  • Return on equity for the latest 12-month period amounted to 32% (28) and the equity ratio was 30% (34).
  • Since the start of the financial year, five acquisitions have been carried out with the total annual revenue of approximately MSEK 855.

cEO Comment

“Strong quarter with continued good demand”

The market situation continued to be good for most of Lagercrantz’s businesses in the second quarter. This resulted in high organic revenue growth of 11% in the quarter and a strong order book at the end of the quarter. All in all, we delivered a quarterly profit after net financial items of MSEK 214, an increase of 37% from the previous year. Earnings per share increased to SEK 3.25 on a moving 12-month basis and the return on equity reached an all-time high of 32%. The strong development was also due to the fact that we completed five excellent acquisitions for the Group during the first six months with a total business volume of MSEK 855, equivalent to approximately 15% of the Group’s total sales. 

For more CEO comment, please see the Interim Report.

Stockholm, 25 October 2022

Lagercrantz Group AB (publ)


 

A phone conference will be held 25 October at 10 am CET, in English.
Phone: +46 8 619 7530 or +44 20 707 532 17 (UK).
PIN: 332347#
Link to presentation:
https://www.lagercrantz.com/en/reports-and-presentations  

This disclosure contains information that Lagercrantz Group 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 25 October 2022 at 07:45 CET.

For additional information, please contact:
Jörgen Wigh, President and CEO, Lagercrantz Group, tel +46 8 700 66 70,
Peter Thysell, Chief Financial Officer, Lagercrantz Group, tel +46 8 700 66 70,
or the company website at: http://www.lagercrantz.com

LAGERCRANTZ GROUP IN BRIEF
Lagercrantz Group is a Tech Group that offers world-leading, value-creating technology, using either proprietary products or products from leading suppliers. The Group consists of some 70 companies, each with a focus on a specific sub-market – a niche. Lagercrantz Group is active in nine countries in Northern Europe as well as in China, India and in the USA. The Group has approximately 2,400 employees and annual revenues of about MSEK 6,300. The Company is listed on Nasdaq Stockholm since 2001. Read more on www.lagercrantz.com

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Interim report half-year Jörgen Wigh Peter Thysell

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