Interim report 1 January – 30 June 2022
Deliveries in Germany under way as per agreement and establishment in the United Kingdom through acquisition in august
SECOND QUARTER 2022
- Net sales increased by 22 percent to MSEK 216 (177). In unchanged currency levels, net sales increased by 19 percent.
- Operating profit before amortization of intangible assets (EBITA) decreased by 39 percent to MSEK 11 (18) including negative currency effects of MSEK -3.2 (-0.1).
- Cash flow from operating activities amounted to MSEK -13 (15).
- Earnings per share amounted to SEK 0.40 (0.70).
- During the period, solidity decreased to 65 percent from 67 percent.
FIRST HALF OF 2022
- Net sales increased by 21 percent to MSEK 421 (347). In unchanged currency levels, net sales increased by 18 percent.
- Operating profit before amortization of intangible assets (EBITA) decreased by 22 percent to MSEK 27 (34) including negative currency effects of MSEK -3.7 (-1.0).
- Cash flow from operating activities amounted to MSEK -6.8 (34.9).
- Earnings per share amounted to SEK 0.95 (1.31).
- During the period, solidity increased to 65 percent from 49 percent.
| Quarter 2 | Januari – June | Full year | ||||||
| 2022 | 2021 | 2022 | 2021 | 2021 | ||||
| Operating income, MSEK | 216,1 | 177,4 | 421,2 | 347,4 | 736,5 | |||
| Gross margin, % | 26,0 | 28,7 | 27,1 | 28,8 | 28,1 | |||
| EBITA, MSEK | 10,7 | 17,6 | 26,5 | 34,2 | 67,5 | |||
| EBITA, % | 4,9 | 9,9 | 6,3 | 9,8 | 9,2 | |||
| Profit or loss for the period, MSEK | 7,9 | 12,5 | 18,5 | 23,3 | 47,1 | |||
| Earnings per share, SEK | 0,40 | 0,70 | 0,95 | 1,31 | 2,62 | |||
SIGNIFICANT EVENTS DURING THE QUARTER
- 19 employees have subscribed for their full allotment of warrants under the incentive scheme resolved upon by the annual general meeting in April.
SIGNIFICANT EVENTS AFTER THE PERIOD
- Alcadon Group signs agreement to acquire Networks Centre Holding Company Ltd with operations in the UK and the Netherlands. Completion is expected on 17 August 2022.
- In connection with the acquisition of Networks Centre Ltd, Alcadon has refinanced the existing loan of SEK 130 million together with a new bank loan of SEK 250 million with a term of 3+1 years.
Stockholm, 12 August 2022
This disclosure contains information that Alcadon Group AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 12-08-2022 08:00 CET.
