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Industry Summary Articles

Friday, February 04, 2022

Addnode Group - Year-End Report 1 January – 31 December 2021

FOURTH QUARTER SUMMARY, OCTOBER–DECEMBER 2021

  • Net sales increased by 21 per cent to SEK 1,114 m (921), of which 13 per cent was organic. Currency-adjusted organic growth was 12 per cent.
  • EBITA increased to SEK 148 m (108), and the EBITA margin increased to 13.3 per cent (11.7).
  • Operating profit rose to SEK 106 m (76), and the operating margin widened to 9.5 per cent (8.3).
  • Profit for the period increased to SEK 80 m (55).
  • Earnings per share increased to SEK 2.39 (1.65).
  • Cash flow from operating activities increased to SEK 257 m (181).
  • Changes to Group Management.
  • The Board of Directors is proposing a dividend of SEK 3.00 (2.50) per share.

SUMMARY OF SIGNIFICANT EVENTS AFTER THE END OF THE REPORTING PERIOD

  • Acquisition of Claytex Services Ltd. of the UK, with net sales of SEK 25 m.
  • The Board of Directors is proposing a 4:1 share split.
  • Office property in UK divested with an estimated capital gain of approx. SEK 20 m.

To view the original press release, please click here.

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