Lagercrantz Year-end Report 2021/22

Fourth quarter (1 January – 31 March 2022)

• Net revenue increased by 41% to MSEK 1,575 (1,118).
  • Organically, net revenue increased by 20%.
• Operating profit (EBITA) increased by 38% to MSEK 265 (192), equivalent to an operating margin of 16.8% (17.2).
• Profit after financial items increased by 29% to MSEK 214 (166).
• Profit after taxes increased by 34% to MSEK 169 (126).
• Cash flow from operating activities amounted to MSEK 168 (173).
• The Lagercrantz share (LAGR B) was moved to the Large Cap segment of Nasdaq Stockholm as of January 2022.
   

The financial year 1 April 2021 – 31 March 2022 (12 months)

• Net revenue increased by 34% to MSEK 5,482 (4,091).
  • Organically, net revenue increased by 16%.
• Operating profit (EBITA) increased by 45% to MSEK 895 (616), equivalent to an operating margin of 16.3% (15.1).
• Profit after financial items increased by 48% to MSEK 741 (502) and profit after taxes increased by 47% to MSEK 572 (388).
• Cash flow from operating activities amounted to MSEK 594 (782).
• Return on equity for the latest 12-month period amounted to 28% (22) and the equity ratio at the end of the period was 36% (40).
• Earnings per share after dilution increased by 47% to 2.80 SEK, compared to SEK 1.91 for the 2020/21 financial year.
• The Board of Directors proposes an increased dividend to SEK 1.30 (1.00) per share.
• During the financial year, seven acquisitions were carried out; CW Lundberg, Libra, AC Antennas, Geonor, GM Scientific, Westmatic and ARAS Security with a total annual business volume of approx. MSEK 665.

Statement of the Chief Executive

“Lagercrantz reaches new heights”

Lagercrantz’s quarter January-March 2022 was a very good close to the 2021/22 financial year. Demand was strong, which generated record high revenue growth of 20%. The EBITA margin remained good at 16.8% and the return on equity for the full financial year reached 28% (22), which was 3 percentage points higher than the long-term financial goal. During the financial year, acquisitions added about MSEK 665 to the Group’s business volume, which made a significant contribution to growth. Earnings per share after dilution increased during the financial year by 47% to SEK 2.80 (1.91) and the Board proposes an increased dividend to SEK 1.30 per share (1.00), summarises CEO Jörgen Wigh.

For the full CEO comment, please see the Year-end Report.

Stockholm 17 May 2022

Lagercrantz Group AB (publ)

A phone conference will be held 17 May at 10 am CET, in English.
Phone: +46 8 619 7530. 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 17 May 2022 at 08.00 CET.