GROUP DEVELOPMENT

Sales development

Net sales in the Addtech Group increased during the period by 22 percent to SEK 2,934 million (2,395). The organic growth amounted to 12 percent, acquired growth amounted to 11 percent and disposal affected by -2 percent. Exchange rate changes had a positive effect of 1 percent on net sales, corresponding to SEK 37 million. 

Profit development

EBITA for the period amounted to SEK 341 million, representing an increase of 31 percent. The introduction of IFRS 16 Leases had a negative impact on EBITA of SEK 1 million. Over the period, operating profit increased by 32 percent to SEK 292 million (221) and the operating margin amounted to 10.0 percent (9.2). Net financial items were negative in the amount of SEK 6 million (16), with the difference compared with the preceding year mainly being attributable to the revaluation of outstanding derivatives. The introduction of IFRS 16 Leases also affected net financial items negatively by SEK 2 million. Profit after financial items increased by 40 percent to SEK 286 million (205). Profit after tax for the period rose by 40 percent to SEK 226 million (162) and the effective tax rate was 21 percent (21). The effect of IFRS 16 on profit after tax amounted to a negative SEK 1 million. Earnings per share before dilution for the period amounted to SEK 3.35 (2.35).