Netel
Interim Report January-September 2022
Growth of 26.9 per cent and continued expansion to new attractive markets
| Third quarter - Net sales rose 26.9 per cent to MSEK 779 (614), of which organic growth was 4.9 per cent. - Adjusted EBITA amounted to MSEK 49 (40) and the adjusted EBITA margin amounted to 6.3 per cent (6.5). - EBITA increased to MSEK 43 (33) and the EBITA margin rose to 5.6 per cent (5.3). - Operating profit (EBIT) increased to MSEK 42 (33) and the operating margin amounted to 5.4 per cent (5.3). - Profit for the period increased to MSEK 31 (21). - Earnings per share before and after dilution rose to SEK 0.66 (0.60). - Cash flow from operating activities amounted to MSEK 7 (-49). | January – September - Net sales rose 26.8 per cent to MSEK 2,157 (1,701), of which organic growth was 5.4 per cent. - Adjusted EBITA increased to MSEK 125 (111) and the adjusted EBITA margin amounted to 5.8 per cent (6.5). - EBITA increased to MSEK 111 (90) and the EBITA margin amounted to 5.1 per cent (5.3). - Operating profit (EBIT) increased to MSEK 108 (90) and the operating margin amounted to 5.0 per cent (5.3). - Profit for the period increased to MSEK 75 (57). - Earnings per share before and after dilution amounted to SEK 1.58 (1.67). - Cash flow from operating activities amounted to MSEK -114 (-47). - Net debt amounted to MSEK 692 (624) and net debt/adjusted EBITDA R12M to 2.7 (2.9). - The order backlog was MSEK 3,257 (3,429). |
Significant events during and after the third quarter
- Entered the growing UK market through two acquisitions
- Expanded operations into northern Sweden through the acquisition of Bredbyns
- Seven acquisitions completed to date this year with total annual sales of MSEK 497 at the time of the acquisitions
- UK reported as a new operating segment
Web casted presentation with conference call
A webcasted presentation where CEO Ove Bergkvist and CFO Peter Andersson present the report will take place today at 09:00 a.m. CET. You can ask question via the web or call to listen to the presentation and ask questions.
Webcast:
https://ir.financialhearings.com/netel-group-q3-2022
Dial-in numbers:
Sweden +46856642704
UK +443333009267
USA +16467224903
Interim reports on www.netelgroup.com
The complete interim report and previous reports are available on https://netelgroup.com/en/investors/reports-and-presentations/.
Next report
The year-end and fourth quarter report will be published 16 February 2023, 07:30 a.m. CET.
| Datum | 2022-11-09, kl 07:30 |
| Källa | MFN |
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