Interim report January - March 2022
JANUARY – MARCH 2022
- Sales increased by 36 percent and amounted to 5,173 MSEK (3,810).
- EBIT increased by 10 percent to 775 MSEK (704).
- EBIT-margin amounted to 15.0 percent (18.5).
- Profit after tax increased by 12 percent to 600 MSEK (534).
- Earnings per share increased by 12 percent to 1.74 SEK (1.55).
- Operating cash flow amounted to 103 MSEK (433).
Strong result in a continued challenging environment
Despite major challenges in the supply chain with raw material shortages, transport problems, and increased prices on both raw materials and energy costs, we delivered a strong quarter. EBIT increased by 23 percent compared with the previous quarter and by 10 percent compared with the corresponding quarter previous year. We had a strong sales growth of 36 percent compared with the corresponding quarter last year, with good sales in all markets and all product areas. Americas showed particularly strong development. Included in the positive sales development are effects from acquisitions, positive currency effects and increased sales prices.
Strong implementation of the business modell with strong customer focus combined with our ability to offer fast and stable deliveries to our customers is fundamental in the great uncertainty that prevails right now. This together with our large geographical coverage with manufacturing close to our customers increases our ability to serve our customers.