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Avtech Sweden

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AVTECH Sweden AB (publ) Year-End Report January – December 2022

MARKN.

FINANCIAL KEY FIGURES FOR THE PERIOD

 202220222021
MSEKQuarter 4Quarter 3Quarter 4
Net sales5.75.73.6
Operating earnings before depreciation+2.8+3.1+0.9
Net earnings+1.8+2.2+0.1
Net earnings per share, SEK+0.032+0.039+0.001
Cashflow+2.2+1.7+0.4
Cash and cash equivalents14.612.510.2
Equity31.229.425.1
Equity per share, SEK0.550.520.44
Equity ratio, %92.7%92.2%89.8%
  • Sales for the fourth quarter increased by 59% compared to Q4 2021 thanks to new agreements at the beginning of the year, increased air traffic, and a rising dollar- and euro exchange rate.
  • Net earnings for the fourth quarter decreased by 19.1% compared to the previous quarter, a difference that is largely due to reduced personnel costs associated with vacation leave in Q3. Net earnings increased 3136% compared to Q4 2021 thanks to increased sales and continued cost control. Corrections to previously paid employer contributions to the Swedish Tax Agency for January 2019 to October 2020 have also reduced personnel costs by MSEK 0.3 during the period.
  • Cash flow increased in the fourth quarter by 432% compared to Q4 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

The information was submitted for publication, through the agency of the contact persons set out below, at 2023-02-17 08:30 CEST.

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.

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AVTECH Year End Report Q4 2022

Datum 2023-02-17, kl 08:30
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AVTECH Year End Report Q4 2022
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