Brief: Addtech Q1 EBITDA Rises 22% Yoy

Addtech AB

14/07/2023 08:29

July 14 (Reuters) - Addtech AB  ADDTb.ST :
    * Q1 NET SALES INCREASED BY 16 PERCENT AND AMOUNTED TO SEK
5,089 MILLION (4,376)
    * Q1 OPERATING PROFIT BEFORE AMORTISATION OF INTANGIBLE
NON-CURRENT ASSETS (EBITA) INCREASED BY 22 PERCENT AND AMOUNTED
TO SEK 696 MILLION (570)
    * HIGH LEVEL OF CUSTOMER ACTIVITY IN THE COMPANIES GENERATED
ORGANIC GROWTH OF 7 PERCENT AND EBITA-GROWTH OF 22 PERCENT WITH
HIGH MARGINS DESPITE TOUGH COMPARISONS
    * WE CURRENTLY SEE NO SIGNS OF GENERAL SLOWDOWN AND HAVE 
WELLFILLED, GOOD QUALITY ORDER BACKLOG, WHICH WAS STRENGTHENED
FURTHER 
    * FROM GEOGRAPHICAL PERSPECTIVE, BUSINESS SITUATION WAS
FAVOURABLE
THROUGHOUT NORDIC REGION, WITH DEVELOPMENT BEING STRONGEST IN
NORWAY


        
 Source text for Eikon:  urn:newsml:reuters.com:*:nWkr48JkPv
 Further company coverage:  ADDTb.ST  

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