Year-end report 1 April 2022 - 31 March 2023

Fourth quarter (1 January - 31 March 2023)

• Net sales increased by 34 percent and amounted to SEK 5,267 million (3,916).
• Operating profit before amortisation of intangible non-current assets (EBITA) increased by 47 percent and amounted to SEK 758 million (517) corresponding to an EBITA margin of 14.4 percent (13.2). 
• Operating profit increased by 51 percent and amounted to SEK 660 million (436) corresponding to an operating margin of 12.5 percent (11.1).
• Profit after tax increased by 42 percent and amounted to SEK 461 million (325) and earnings per share before dilution amounted to SEK 1.65 (1.20) and after dilution amounted to SEK 1.65 (1.15).

Full year (1 April 2022 - 31 March 2023)

• Net sales increased by 33 percent and amounted to SEK 18,714 million (14,038).
• Operating profit before amortisation of intangible non-current assets (EBITA) increased by 41 percent and amounted to SEK 2,540 million (1,803) corresponding to an EBITA margin of 13.6 percent (12.8). 
• Operating profit increased by 44 percent and amounted to SEK 2,167 million (1,501) corresponding to an operating margin of 11.6 percent (10.7).
• Profit after tax increased by 39 percent and amounted to SEK 1,554 million (1,117) and earnings per share before dilution amounted to SEK 5.55 (4.00) and after dilution amounted to SEK 5.55 (3.95). 
• Return on working capital (P/WC) amounted to 66 percent (69).
• Return on equity amounted to 32 percent (30) and the equity ratio amounted to 36 percent (34).
• Cash flow from operating activities amounted to SEK 1,911 million (1,121). Cash flow per share from operating activities amounted to SEK 7.10 (4.15).
• Since the start of the financial year ten acquisitions have been completed and another four have been closed after the end of the year. In total, this equals approximately SEK 1,200 million in annual sales.
• The Board of Directors proposes a dividend of SEK 2.50 (1.80) per share.

CEO´s comments
It is with great pride that I look back on a very strong year for Addtech, with a high level of growth and profitability in all business areas. The financial year was marked by continued strong demand for sustainable technical solutions but also by challenges in the form of increased inflationary pressure, supply chain disruptions and a general uncertainty associated with our external environment. Our strong positions in selected niches, combined with the great commitment and performances of our companies, generated record-high organic sales growth of 17 percent with a strengthened EBITA margin of 13.6 percent (12.8). Our well-proven business model, with its focus on entrepreneurship, has again proven its strength.

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

Stockholm May 17, 2023

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 17 May 2023.

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 8 505 10030
UK/International: +44 1 212 818004
United States: +1 718 7058796

Webcast: https://edge.media-server.com/mmc/p/8sxppsyw

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 manufacturing industry and infrastructure. Addtech has about 3,900 employees in more than 140 subsidiaries that operate under their own brands. The Group has annual sales of more than SEK 18 billion. Addtech is listed on Nasdaq Stockholm.