INTERIM REPORT 1 APRIL - 30 SEPTEMBER 2019


SECOND QUARTER (1 JULY - 30 SEPTEMBER 2019)

  • Net sales increased by 25 percent and amounted to SEK 2,917 million (2,338).
  • Operating profit before amortisation of intangible non-current assets (EBITA) increased by 41 percent and amounted to SEK 380 million (270) corresponding to an EBITA margin of 13.0 percent (11.5). 
  • Operating profit increased by 45 percent and amounted to SEK 329 million (226) corresponding to an operating margin of 11.2 percent (9.7).
  • Profit after tax increased by 37 percent and amounted to SEK 240 million (174) and earnings per share before dilution amounted to SEK 3.55 (2.60). 


PERIOD (1 APRIL - 30 SEPTEMBER 2019)

  • Net sales increased by 24 percent and amounted to SEK 5,851 million (4,733).
  • Operating profit before amortisation of intangible non-current assets (EBITA) increased by 36 percent and amounted to SEK 721 million (530) corresponding to an EBITA margin of 12.3 percent (11.2). 
  • Operating profit increased by 39 percent and amounted to SEK 621 million (447) corresponding to an operating margin of 10.6 percent (9.5).
  • Profit after tax increased by 39 percent and amounted to SEK 466 million (336) and earnings per share before dilution 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).
  • Return on working capital (P/WC) amounted to 56 percent (53).
  • Return on equity amounted to 33 percent (29) and the equity ratio amounted to 32 percent (33).
  • Cash flow from operating activities amounted to SEK 519 million (145), of which the implementation of IFRS 16 has resulted in an increase of SEK 72 million. For the latest twelve month period, cash flow per share from operating activities amounted to SEK 12.30 (8.20).
  • Since the start of the financial year eight acquisitions have been completed, with total annual sales of about SEK 570 million. 

     
GROUP SUMMARY 3 months 6 months Rolling 12 months
SEKm 30 Sep 2019 30 Sep 2018 30 Sep 2019 30 Sep 2018 30 Sep 2019 31 Mar 2019
Net sales 2,917 2,338 25% 5,851 4,733 24% 11,266 10,148
EBITA 380 270 41% 721 530 36% 1,274 1,085
EBITA-margin % 13.0 11.5 12.3 11.2 11.3 10.7
Profit after financial items 307 221 38% 593 426 39% 1,034 865
Profit for the period 240 174 37% 466 336 39% 804 672
Earnings per share before dilution, SEK 3.55 2.60 37% 6.90 4.95 39% 11.80 9.85
Earnings per share after dilution, SEK 3.50 2.55 37% 6.85 4.90 40% 11.75 9.80
Cash flow from operating activities per share, SEK - - - - 12.30 7.80
Return on equity, % 33 29 33 29 33 29
Equity ratio, % 32 33 32 33 32 36
Comparisons in parentheses refer to the corresponding period of the previous year, unless stated otherwise.

 

All figures in this report may have been affected by the introduction of IFRS 16 Leases. Read more about how Addtech has applied this new standard, and how the introduction affects the figures and other information presented in the report under Other disclosures on page 8.

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