Year-end report January-December 2021

The fourth quarter:

• Order intake was MSEK 1,802 (1,537), an increase of +17.2% adjusted to +15.8% for currency effects of MSEK +29 and disposals of MSEK -6
• Net sales were MSEK 1,820 (1,701), an increase of +7.0% adjusted to +6.9% for currency effects of MSEK +9, acquisitions of MSEK +1 and disposals of MSEK -8
• Operating profit was MSEK 161.1 (101.4), an increase of +59.2% with an operating margin of 8.9 (6.0)%
• Q4 2021 operating profit was MSEK 161.1 compared to a Q4 2020 adjusted operating profit of MSEK 133.7, an increase of +20.5% with an operating margin of 8.9 (adjusted 7.9)%
• Earnings after tax were MSEK 108.1 (485.1)
• Earnings per share were SEK 0.61 (2.75)
• Cash flow from operating activities was MSEK 341.8 (431.1)

Comments from CEO Bodil Sonesson:

• The results that we delivered as a Group for 2021 were strong and ahead of our anticipated recovery.
• The supply chain disturbances are challenging to us and our customers and we continue to work diligently to maintain a good level of service during this period.
• The organic order intake growth of +13.0% was contributed to by all four business areas and the organically adjusted number for 2021 was 98.9% of the comparable 2019 level.
• At 10.0%, the double-digit operating margin remains strong, with further room for improvement and is also strong compared to what we see in the industry.
• Our sustainability strategy gathers pace, we have identified our target areas and continue the work on defining the baseline and goals. 
• The 2019 launched sensor node 3 from Organic Response now has an installed base of almost 200,000 units and we expect further significant growth as strong customer demand continues.

An investor webcast following the Quarter 4 Report 2021 will be held on 24 February 2022 at 15:30 CET.

A link to the webcast and a management presentation will be available on https://www.fagerhultgroup.com/investors