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Ebita’s profit amounted to SEK 306 million (380), 298 million were expected, with Ebita’s margin of 11.2% (13.0).
The operating profit was SEK 242 million (329), the expected operating profit was 244. The operating margin was 8.9% (11.3).
Profit before tax was SEK 227 million (307).
The profit after tax was SEK 181 million (240).
Earnings per share ended at SEK 0.65 (3.55).
The company’s CEO, Niklas Stenberg, writes in a comment that a significant part of the reduction in organic sales was related to the reduction in sales of solutions for sewage facilities.
Additionally, Stenberg claims that September was a strong end to the quarter.
“The stabilizing trend in demand that we experienced in September has continued until October, but the impact of the pandemic on the development of demand in the future remains uncertain. We also expect low activity in the sewage plant market to continue in the next period. We are closely monitoring developments and continue to implement our cost adjustment program while focusing on ensuring our long-term profitable growth, ”says Stenberg.
| Addtech, Mkr | Q2-2020 / 2021 | consensus | Shift towards consensus | Q2-2019 / 2020 | Change |
| Net sales | 2 723 | 2 689 | 1.3% | 2 917 | -6.7% |
| EBITA | 306 | 298 | 2.7% | 380 | -19.5% |
| EBITA-marginal | 11.2% | 11.1% | 13.0% | ||
| Operating profit | 242 | 244 | -0.8% | 329 | -26.4% |
| Operating margin | 8.9% | 9.1% | 11.3% | ||
| Profit before tax | 227 | 307 | -26.1% | ||
| Net result | 181 | 240 | -24.6% | ||
| Earnings per share, SEK | 0.65 | 3.55 | -81.7% |
