YEAR-END REPORT 2021/2022
Sales development
Net sales in the Addtech Group increased in the fourth quarter by 34 percent to SEK 3,916 million (2,927). The organic growth amounted to 24 percent and acquired growth amounted to 7 percent. Exchange rate changes affect net sales positively with 3 percent, corresponding to SEK 94 million.
Net sales in the Addtech Group during the financial year increased by 24 percent to SEK 14,038 million (11,336). The organic growth amounted to 15 percent and acquired growth amounted to 9 percent. Exchange rate changes affect net sales marginally positively corresponding to SEK 37 million.
During 2021/2022, net sales to Russia, Ukraine and Belarus accounted for less than 1 percent of Addtech’s total sales. Also the indirect exposure is assessed as limited and the total effect on net sales during the fourth quarter was marginal.
Profit development
EBITA in the fourth quarter amounted to SEK 517 million (335), representing an increase of 54 percent. Operating profit increased during the quarter by 64 percent to SEK 436 million (266) and the operating margin amounted to 11.1 percent (9.1). Net financial items amounted to SEK -22 million (-15) and profit after financial items increased by 65 percent to SEK 414 million (251).
Profit after tax increased by 71 percent to SEK 325 million (190) corresponding to earnings per share before dilution of SEK 1.20 (0.65) and after dilution of SEK 1.15 (0.65).
EBITA for the financial year amounted to SEK 1,803 million (1,251), representing an increase of 44 percent. Operating profit increased during the financial year by 52 percent to SEK 1,501 million (989) and the operating margin amounted to 10.7 percent (8.7). Net financial items were SEK -68 million (-52) and profit after financial items increased by 53 percent to SEK 1,433 million (937).
Profit after tax for the financial year increased by 53 percent to SEK 1,117 million (729)and the effective tax rate amounted to 22 percent (22). Earnings per share before dilution for the financial year amounted to SEK 4.00 (2.60) and after dilution to SEK 3.95 (2.60).