Brief: Addtech Q2 Operating Profit Up At SEK 489 Mln

Addtech AB

27/10/2022 07:46

Oct 27 (Reuters) - Addtech AB  ADDTb.ST :
    * INTERIM REPORT Q2 1 APRIL - 30 SEPTEMBER 2022
    * Q2 NET SALES SEK 4,418 MILLION VERSUS SEK 3,257 MILLION
YEAR AGO
    * Q2 EBITA SEK 582 MILLION VERSUS SEK 425 MILLION YEAR AGO
    * Q2 CAN BE SUMMED UP AS ANOTHER STRONG QUARTER WITH HIGH
LEVELS
OF CUSTOMER ACTIVITY IN ALL BUSINESSAREAS
    * Q2 OPERATING PROFIT SEK 489 MILLION VERSUS SEK 351 MILLION
YEAR
AGO
    * DESPITE CONTINUED DISRUPTIONS INTHE VALUE CHAINS AND
INCREASED
PRICES FOR INPUT GOODS, OUR ENTREPRENEURIAL COMPANIES SUCCEEDED
IN MEETING THEIRCUSTOMER COMMITMENTS AND, THROUGH ACTIVE
DIALOGUES WITH CUSTOMERS AND SUPPLIERS, DEFENDED THEIR OPERATING
MARGINSIN A HIGHLY SATISFACTORY MANNER
    * DEMAND REMAINED STRONG DURING THE QUARTER AND WE CURRENTLY
SEE
NO CLEAR SIGNS OF A GENERAL SLOWDOWN IN CUSTOMER ACTIVITY
    * AS EXPECTED, THE TOTAL ORDER BACKLOG DECREASED SLIGHTLY IN
VOLUME OVER THE QUARTER AS DISRUPTIONS IN THE VALUE CHAINS
SUBSIDED
    * HOWEVER, THE ORDER BACKLOG REMAINS AT A HIGH LEVEL AND IS
OF
GOOD QUALITY
    * OUTLOOK: WE ARE WELL PREPARED AND HAVE STRONG POSITIONS IN
SEGMENTS EXPERIENCING UNDERLYING STRUCTURAL GROWTH, SUCH AS
INDUSTRIAL AUTOMATION, POWER TRANSMISSION, SOCIETY’S
ELECTRIFICATION AND SOLUTIONS FOR REDUCING EMISSIONS

Source text for Eikon:  ID:nWkr7PjKVF 
Further company coverage:  ADDTb.ST 
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