HANZA AB HANZA reports a slowdown in the economy, which has been responded to with an efficiency program. This, combined with a recently completed acquisition and new sales activities, means that both growth and margins are expected to increase. The Board decided in the quarter to increase the financial targets for 2025. At the same time, HANZA's strong financial position opens up for opportunities for further acquisitions.
First quarter 2024
- Net sales increased by 18% to
SEK 1,253 million (1,065).
Adjusted for acquisitions and currency, net sales decreased by 6%. -
Operating profit amounted to
SEK 67 million (88), which corresponds to an operating margin of 5.3% (8.3). An integration and efficiency program affected the result negatively bySEK 20 million . Revaluation of remaining acquisition purchase price affected the result positively bySEK 20 million . Energy subsidy improved the result in Q1 previous year bySEK 6 million . Adjusted for the above-mentioned items and acquisitions, the comparable operating margin amounted to 6.4% (7.7).
-
Profit after tax amounted to
SEK 34 million (59), which corresponds toSEK 0.77 (1.49) per share before dilution andSEK 0.77 (1.47) after dilution. -
Cash flow from operating activities amounted to
SEK 31 million (89).
CEO
"In the beginning of the quarter, we completed the acquisition of Orbit One. It is an important and valuable addition to the
As we have previously described, some sales volumes declined in early 2024, which affects our margin negatively. That is why we acted swiftly with an extensive efficiency program, while implementing a range of sales activities focused on our supply chain optimization offering.
The acquisition and the efforts mean we are optimistic about the future. The integration is running smoothly and our new sales activities, together with the broader customer base, will boost our growth. The efficiency program will strengthen our margins during the year. In addition, our strong financial position opens up for new opportunities, including more value-creating acquisitions."
For further information please contact:
+46 709 50 80 70
e-mail: erik.stenfors@hanza.com
Lars Åkerblom, CFO
+46 707 94 98 78
lars.akerblom@hanza.com
Important information
This press release may contain certain forward-looking statements that reflect HANZA's current views of future events and financial and operational performance. Words such as "intends", "anticipates", "expects", "may", "plan ", "anticipate" or similar expressions regarding indications or predictions of future developments or trends, and are not based on historical facts, constitute forward-looking information. Forward-looking information is inherently associated with both known and unknown risks and uncertainties because it is dependent on future events and circumstances. Forward-looking statements are not guarantees regarding future results or developments and actual results may differ materially from those set forth in forward-looking information.
About HANZA
HANZA is a global knowledge-based manufacturing company that modernizes and streamlines the manufacturing industry. Through supply-chain advisory services and with production facilities grouped into regional manufacturing clusters, we create stable deliveries, increased profitability and an environmentally friendly manufacturing process for our customers. HANZA was founded in 2008 and today has a pro forma annual turnover of over
For more information please visit: www.hanza.com
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