GROUP DEVELOPMENT

Sales development
Net sales in the Addtech Group increased in the second quarter by 25 percent to SEK 2,917 million (2,338). The organic growth amounted to 17 percent, acquired growth amounted to 8 percent and disposal affected by -1 percent. Exchange rate changes had a positive effect of 1 percent on net sales, corresponding to SEK 28 million.

Net sales in the Addtech Group increased during the period by 24 percent to SEK 5,851 million (4,733). The organic growth amounted to 14 percent, acquired growth amounted to 9 percent and disposal affected by -1 percent. Exchange rate changes had a positive effect of 2 percent on net sales, corresponding to SEK 65 million.

Profit development
Operating profit increased during the quarter by 45 percent to SEK 329 million (226) and the operating margin amounted to 11.2 percent (9.7). Net financial items amounted to SEK -22 million (-5), with the difference compared with the preceding year mainly being attributable to the revaluation of outstanding derivatives. Profit after financial items increased by 38 percent to SEK 307 million (221).

Profit after tax increased by 37 percent to SEK 240 million (174) corresponding to earnings per share before dilution of SEK 3.55 (2.60). 

EBITA for the period amounted to SEK 721 million (530), representing an increase of 36 percent. The introduction of IFRS 16 Leases had a positive impact on EBITA of SEK 2 million. Operating profit increased during the period by 39 percent to SEK 621 million (447) and the operating margin amounted to 10.6 percent (9.5). Net financial items were SEK -28 million (-21) and profit after financial items increased by 39 percent to SEK 593 million (426). The introduction of IFRS 16 Leases affected net financial items negatively by SEK -4 million.

Profit after tax for the period increased by 39 percent to SEK 466 million (336) and the effective tax rate amounted to 21 percent (21). The effect of IFRS 16 on profit after tax amounted to SEK -2 million. Earnings per share before dilution for the period amounted to SEK 6.90 (4.95). For the latest twelve month period, earnings per share before dilution amounted to SEK 11.80 (8.60).

 

Net sales and EBITA margin, rolling 12 months

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