Half-year report January – June 2022
APRIL – JUNE 2022
- Sales increased by 41 percent and amounted to 5,654 MSEK (4,002).
- EBIT increased by 15 percent to 836 MSEK (728).
- EBIT-margin amounted to 14.8 percent (18.2).
- Profit after tax increased by 20 percent to 644 MSEK (537).
- Earnings per share increased by 20 percent to 1.87 SEK (1.56).
- Operating cash flow amounted to 642 MSEK (590).
JANUARY – JUNE 2022
- Sales increased by 39 percent and amounted to 10,827 MSEK (7,812).
- EBIT increased by 13 percent to 1,611 MSEK (1,432).
- EBIT-margin amounted to 14.9 percent (18.3).
- Profit after tax increased by 16 percent to 1,244 MSEK (1,071).
- Earnings per share increased by 16 percent to 3.61 SEK (3.11).
- Operating cash flow amounted to 745 MSEK (1,023).
"We continued to handle the challenges in the supply chain with raw material shortages, transport problems, and increased prices on both raw materials and energy costs. Once again, we delivered a very strong quarter. EBIT amounted to 836 MSEK, our best result ever, which corresponds to an increase of 8 percent compared with the previous quarter and with 15 percent compared to the corresponding quarter previous year. We had a strong sales growth of 41 percent compared with the corresponding quarter last year, with good sales in all markets and all product areas. Americas showed particularly strong development while sales to automotive-related customers remained pending. Included in the positive sales development are effects from acquisitions, positive currency effects and increased sales prices.
We believe that our strong customer focus in combination with our geographical closeness to our customers give us opportunities to deal with the disruptions and further strengthen our market position. We are flexible and ready to meet the expected increase in vehicle production. The strong business model in combination with a clear M&A agenda and strong financial position give us good conditions for continued growth and acquisitions."
Georg Brunstam, President and CEO
