Interim Report Q1 1 April – 30 June 2022

First quarter (1 April – 30 June 2022)

• Net sales increased by 33 percent and amounted to SEK 4,376 million (3,279). 
• Operating profit before amortisation of intangible non-current assets (EBITA) increased by 42 percent and amounted to SEK 570 million (402) corresponding to an EBITA margin of 13.0 percent (12.3). 
• Operating profit increased by 45 percent and amounted to SEK 482 million (332) corresponding to an operating margin of 11.0 percent (10.1).
• Profit after tax increased by 37 percent and amounted to SEK 344 million (250) and earnings per share before/after dilution amounted to SEK 1.20 (0.90). For the latest twelve month period earnings per share before dilution amounted to SEK 4.30 (2.85) and after dilution amounted to SEK 4.25 (2.85).
• Return on working capital (P/WC) amounted to 68 percent (56).
• Return on equity amounted to 30 percent (24) and the equity ratio amounted to 34 percent (35).
• Cash flow from operating activities amounted to SEK 281 million (208). For the latest twelve month period, cash flow per share from operating activities amounted to SEK 4.45 (5.15).
• Since the start of the financial year six acquisitions have been completed, of which one after the end of the period, with total annual sales of about SEK 530 million. 

CEO´s comments
The strong business situation continued across the board in the first quarter. Our strong position in structurally growing segments generated organic growth of 17 percent and EBITA growth of 42 percent. We maintained our high acquisition rate and we strengthened our operations with an additional five acquisitions during the period. Our companies continued to handle the high level of inflationary pressure in a highly satisfactory manner, and we defended our operating margins. Despite an uncertain macro situation, our customers willingness to invest remained high and the order books were further strengthened during the quarter.

For the full CEO comment, please see the Interim Report.

Stockholm, 15 July 2022

This information is information that Addtech AB (publ.) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out below, at 8.15 a.m CET on 15 July 2022.

A phone conference and webcast will be arranged in relation to the report, at 10.00 a.m.

For participation in the conference:
Phone
Sweden: ++46 8 566 426 51
UK: ++44 333 300 0804
United States: +1 631 913 1422
PIN: 22846167#
Webcast: https://edge.media-server.com/mmc/p/jmpvnxe5

For further information, please contact:
Niklas Stenberg, President and CEO, +46 8 470 49 00 
Malin Enarson, CFO, +46 705 979 473

Addtech in brief
Addtech is a technical solutions group that provides technological and economic value added in the link between manufacturers and customers. Addtech operates in selected niches in the market for advanced technology products and solutions. Its customers primarily operate in the manufacturing industry and infrastructure. Addtech has about 3,500 employees in more than 140 subsidiaries that operate under their own brands. The Group has annual sales of more than SEK 14 billion. Addtech is listed on Nasdaq Stockholm.