Group development in the quarter
Net sales in the quarter increased by 49 percent to SEK 2,579m (1,736). The organic sales decreased by 6 percent and acquired growth totalled 51 percent. Exchange rate changes had a positive impact of 4 percent on net sales in the quarter.
Net sales related to COVID-19 accounted for SEK 459m (620) and organic growth, excluding COVID-19 amounted to 5 percent. EBITA increased by 34 percent to SEK 435m (326) and EBITA-margin amounted to 16.9 percent (18.8). Exchange rate changes had a positive effect on EBITA, corresponding to SEK 12m.
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Dynamisk graf:
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Throughout the COVID-19 pandemic, AddLife has supplied large volumes of products to the healthcare sector for treatment of COVID-19. Sales since the first quarter of 2020 have varied based on the spread of infection and restrictions in our societies. |
Net financial items amounted to SEK -49m (-4) and profit after financial items amounted to SEK 289m (287). The increased negative net financial items is due to interest costs related to the acquisitions and exchange rate fluctuations. Profit after tax for the quarter decreased marginally to SEK 225m (226) and the effective tax rate was 22 percent (21).
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Dynamisk graf:
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Sales in the Nordic markets amounted to 36 percent of total net sales compared to 49 percent last year (full year 2021). The change in geographical markets is due to the acquisitions in Europe during 2021-2022.
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The war in Ukraine has not had a significant economic impact on the financial reports, but it can not be ruled out that this will happen in the future. We follow market developments closely, where we notice rising inflation, higher raw material and shipping costs and greater uncertainty about interest rate developments.