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Addtech Q1 profit rises 12% on sales growth, outlook positive
Addtech AB reported a 12% increase in first-quarter profit after tax to 631 million Swedish kronor, driven by a 6% rise in net sales to 6.17 billion kronor. Operating profit grew 11% to 870 million kronor, with the operating margin improving to 14.1% from 13.5% a year earlier. EBITA also rose 11% to 1.03 billion kronor, corresponding to an EBITA margin of 16.6%. President and CEO Niklas Stenberg said the outlook is good, citing a resilient, well-diversified portfolio and a well-filled order book.