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Friday, July 15, 2022

Addnode - Interim report 1 January – 30 June 2022

STRONG PROGRESS IN ALL DIVISIONS

SECOND QUARTER SUMMARY, APRIL–JUNE 2022

  • Net sales increased by 49 per cent to SEK 1,489 m (1,002), of which 14 per cent was organic. Currency-adjusted organic growth was 11 per cent.
  • EBITA increased to SEK 154 m (98), and the EBITA margin increased to 10.3 per cent (9.8).
  • Operating profit rose to SEK 101 m (59), and the operating margin widened to 6.8 per cent (5.9).
  • Profit for the period increased to SEK 70 m (40).
  • Earnings per share increased to SEK 0.52 (0.30*).
  • Cash flow from operating activities increased to SEK 122 m (51).
  • 4:1 share split executed in May 2022.
  • Acquisition of Decisive AS of Norway with net sales of some SEK 57 m.
  • SEK 1,600 m revolving credit facility extended by one year to June 2025.
  • Supported by AGM authorisation, the Board of Directors decided to repurchase a maximum of 230,000 class B treasury shares.

* Due to the 4:1 share split executed in May 2022, historical key financial ratios based on the number of shares have been restated.

SUMMARY OF SIGNIFICANT EVENTS AFTER THE END OF THE REPORTING PERIOD

  • No significant events have occurred since the end of the period.

To view the original press release, please click here.

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