INTERIM REPORT 1 APRIL - 31 DECEMBER 2019

THIRD QUARTER (1 OCTOBER - 31 DECEMBER 2019)

  • Net sales increased by 12 percent and amounted to SEK 2,846 million (2,551).
  • Operating profit before amortisation of intangible non-current assets (EBITA) decreased by 4 percent and amounted to SEK 236 million (246) corresponding to an EBITA margin of 8.3 percent (9.7). 
  • Operating profit decreased by 7 percent and amounted to SEK 188 million (203) corresponding to an operating margin of 6.6 percent (7.9).
  • Profit after tax decreased by 9 percent and amounted to SEK 142 million (156) and earnings per share before dilution amounted to SEK 2.05 (2.25). 
  • The cyberattack that hit the Group in October 2019 is estimated to have impacted net sales for the third quarter by approximately SEK 130 million and EBITA by approximately SEK 90 million.


PERIOD (1 APRIL - 31 DECEMBER 2019)

  • Net sales increased by 19 percent and amounted to SEK 8,697 million (7,284).
  • Operating profit before amortisation of intangible non-current assets (EBITA) increased by 23 percent and amounted to SEK 957 million (776) corresponding to an EBITA margin of 11.0 percent (10.7). 
  • Operating profit increased by 24 percent and amounted to SEK 809 million (650) corresponding to an operating margin of 9.3 percent (8.9).
  • Profit after tax increased by 23 percent and amounted to SEK 608 million (492) and earnings per share before dilution amounted to SEK 8.95 (7.20). 
  • Return on working capital (P/WC) amounted to 54 percent (53).
  • Return on equity amounted to 31 percent (29) and the equity ratio amounted to 34 percent (35).
  • Cash flow from operating activities amounted to SEK 667 million (320), of which the implementation of IFRS 16 has resulted in an increase of SEK 112 million. For the latest twelve month period, cash flow per share from operating activities amounted to SEK 11.30 (7.05).
  • Since the start of the financial year nine acquisitions have been completed, of which one after the end of the period, with total annual sales of about SEK 600 million. 
GROUP SUMMARY 3 months 9 months Rolling 12 months
SEKm 31 Dec 2019 31 Dec 2018 31 Dec 2019 31 Dec 2018 31 Dec 2019* 31 Mar 2019
Net sales 2,846 2,551 12% 8,697 7,284 19% 11,561 10,148
EBITA 236 246 -4% 957 776 23% 1,262 1,085
EBITA-margin % 8.3 9.7 11.0 10.7 10.9 10.7
Profit after financial items 179 193 -7% 772 619 25% 1,020 865
Profit for the period 142 156 -9% 608 492 23% 790 672
Earnings per share before dilution, SEK 2.05 2.25 -9% 8.95 7.20 24% 11.60 9.85
Earnings per share after dilution, SEK 2.05 2.30 -11% 8.90 7.20 24% 11.55 9.80
Cash flow from operating activities per share, SEK - - - - 11.30 7.80
Return on equity, % 31 29 31 29 31 29
Equity ratio, % 34 35 34 35 34 36
*Performance based figures for rolling 12 months in the income statement exclude the effect of IFRS 16.
Comparisons in parentheses refer to the corresponding period of the previous year, unless stated otherwise.

All figures in this report may have been affected by the introduction of IFRS 16 Leases. Read more about how Addtech has applied this new standard, and how the introduction affects the figures and other information presented in the report under Other disclosures on page 9.

 

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