The year in brief
successful YEAR EXCEEDS FINANCIAL TARGETS
In the 2016/2017 financial year, Addtech reported growth in both sales and earnings. Our strong profit growth and improved operating margin increased through higher sales of our solutions and products, combined with successful efficiency work. During the year, ten acquisitions were made, adding annual sales of around SEK 500 million. Cash flow from operating activities during the year totalled SEK 551 million.
Q1 High pace of acquisitions
The business performed well during the quarter. Both sales and earnings increased organically and via acquisitions. The selective cost-savings implemented started to deliver a positive impact on earnings. Four acquisitions were made.
Q3 Strong demand
Demand during the quarter was firm and the economic situation in our markets stabilised.
Q2 Positive earnings growth
The Group continued to perform strongly and grew despite the challenging economic situation. The selective cost-savings implemented delivered a positive impact on earnings and the operating margin improved.
Q4 Strong finish
The quarter brought a strong finish to a year of profit growth in all of our four business areas.
Dynamisk graf: Net sales and EBITA-margin, year
Dynamisk graf: Net sales and EBITA-margin, quarter
|Net sales, SEKm||7,178||6,155||17|
|Operating profit, SEKm||604||443||36|
|Cash flow from operations, SEKm||551||474||16|
|Earnings per share before dilution, SEK||6.60||4.85||36|
|Earnings per share after dilution, SEK||6.55||4.85||35|
|Shareholders' equity per share, SEK||25.45||22.10||15|
|Return on working capital (P/WC), %||53||44|
|Return on equity, %||28||20|
|Equity ratio, %||39||40|
|For definitions, see page 105.|
|All data in this report refer to continuing operations, excluding the distribution of AddLife, unless otherwise stated. All figures regarding the income statement refer to continuing operations retroactively from 1 April 2014. All figures regarding the balance sheet refer to continuing operations from 31 March 2016 without retroactivity for earlier periods.|