Brief: Addtech Q1 Operating Profit Up At Sek 482 Mln

Addtech AB

15/07/2022 07:21

July 15 (Reuters) - Addtech AB  ADDTb.ST :
    * Q1 DESPITE AN UNCERTAIN MACRO SITUATION, OUR CUSTOMERS
WILLINGNESS TO INVEST REMAINED HIGH AND ORDER BOOKS WERE FURTHER
STRENGTHENED DURING QUARTER.
    * INTERIM REPORT Q1 1 APRIL - 30 JUNE 2022
    * Q1 NET SALES SEK 4,376 MILLION VERSUS SEK 3,279 MILLION
YEAR AGO
    * Q1 EBITA SEK 570 MILLION VERSUS SEK 402 MILLION YEAR AGO
    * Q1 OPERATING PROFIT SEK 482 MILLION VERSUS SEK 332 MILLION
YEAR
AGO
    * STRONG BUSINESS SITUATION CONTINUED ACROSS BOARD IN Q1.
    * OUR COMPANIES CONTINUED TO HANDLE HIGH LEVEL OF
INFLATIONARY
PRESSURE IN A HIGHLY SATISFACTORY MANNER, AND WE DEFENDED OUR
OPERATING MARGINS.
    * FROM A GEOGRAPHICAL PERSPECTIVE, THE MARKET SITUATION WAS
FAVOURABLE THROUGHOUT THE NORDIC COUNTRIES, WITH THE STRONGEST
DEVELOPMENT IN SWEDEN. FOR OUR COMPANIES OPERATING OUTSIDE THE
NORDIC REGION, THE MARKET SITUATION WAS STABLE.
    * OUTLOOK:  AT PRESENT, WE DO NOT SEE ANY CLEAR SIGNS OF A
SLOWDOWN IN OUR OPERATIONS, ALTHOUGH WE ARE, OF COURSE,
FOLLOWING GLOBAL DEVELOPMENTS CLOSELY.

Source text for Eikon:  ID:nWkr8v5qyZ 
Further company coverage:  ADDTb.ST 

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