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Avtech Sweden

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AVTECH Sweden AB (publ) Interim Report January - September 2022

MAR

FINANCIAL KEY FIGURES FOR THE PERIOD

 202220222021
MSEKQuarter 3Quarter 2Quarter 3
Net turnover (sales)5.75.53.4
Operating profit before depreciation+3.1+2.3+1.0
Net profit+2.2+1.4+0.2
Net profit per share, SEK+0.039+0.025+0.004
Cashflow+1.7+1.1+0.7
Cash and cash equivalents12.510.89.8
Equity29.427.225.0
Equity per share, SEK0.520.480.44
Equity ratio, %92.2%90.6%90.1%
  • Sales for the third quarter increased by 4,3% compared to previous quarter and 66,3% compared to Q3 2021 thanks to new agreements at the beginning of the year, increased flying, and a rising dollar exchange rate.
  • Continued growth in net earnings that increased by 55.6% since the previous quarter and 927.6% compared to Q3 2021 thanks to increased sales, reduced personnel costs during the holiday season and exchange rate gains. Corrections to previously paid employer fees to the Swedish Tax Agency for the period November 2020 to October 2021 have reduced personnel costs by MSEK 0.3.
  • Cash flow increased in the third quarter by 52.1% since the previous quarter and 149.5% compared to Q3 2021 mostly thanks to increased customer payments. The cash position was also positively affected by a refund of employer contributions of MSEK 0.3 from the tax agency.

Financial reports are available at www.avtech.aero/report.

https://www.avtech.aero/press-release-english

For more information, please contact

David Rytter, CEO, +46 (0) 8 544 104 80
Christina Zetterlund CFO, +46 (0) 8 544 104 80

About AVTECH Sweden AB (publ)

AVTECH develops products and services for digital air traffic control systems. Customers are the aviation industry's various players such as airlines, airports, aviation, technology companies and aircraft manufacturers. With the help of the company's products and services, each individual flight or the entire flight operation can be optimized in terms of economy, noise and emissions, efficiency, punctuality and safety. The head office is in Stockholm / Kista. AVTECH Sweden AB (publ) is listed on NASDAQ First North Growth Market and has appointed Redeye AB to certified adviser.

This information is information that AVTECH Sweden is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2022-10-28 08:30 CEST.

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AVTECH Interim Report Q3 2022

Datum 2022-10-28, kl 08:30
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AVTECH Interim Report Q3 2022
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