Key financial figures
KEY FIGURES – GROUP
Amounts in SEK million | 2022 Jan-Mar | 2021 Jan-Mar | 2021 Jan-Dec | LTM |
---|---|---|---|---|
Net sales | 236.8 | 234.4 | 921.8 | 924.2 |
Organic growth (%) | -2.8 | 68.1 | 34.2 | 17.0 |
Net sales EVSE | 37.2 | 26.0 | 163.2 | 174.4 |
Net sales EVSE (%) | 16.7 | 11.4 | 18.2 | 19.6 |
Gross margin (%) | 48.4 | 57.1 | 52.9 | 50.7 |
Adjusted EBITDA | 32.6 | 75.1 | 110.3 | 148.2 |
Adjusted EBITA | 22.0 | 67.2 | 150.7 | 105.5 |
Adjusted EBITA margin (%) | 9.3 | 28.7 | 16.3 | 11.4 |
Operating profit (EBIT) | 15.1 | 55.9 | 81.8 | 41.0 |
Operating margin (%) | 6.4 | 23.9 | 8.9 | 4.4 |
Net profit/loss for the period after tax | 10.8 | 22.7 | 4.4 | -7.5 |
Earnings per share after dilution (SEK) | 0.22 | 0.52 | 0.10 | -0.16 |
Cash flow from operating activities | -1.1 | -8.6 | -28.4 | -20.9 |
Net debt/Adjusted EBITDA (times)* | 3.6x | 3.9x | 2.6 | – |
QUARTERLY DATA – GROUP
Amounts in SEK million | 2020 Q2 | 2020 Q3 | 2020 Q4 | 2021 Q1 | 2021 Q2 | 2021 Q3 | 2021 Q4 | 2022 Q1 |
---|---|---|---|---|---|---|---|---|
Net sales | 144.1 | 193.1 | 222.2 | 234.4 | 221.0 | 208.6 | 257.8 | 236.8 |
Net sales EVSE | 20.7 | 19.5 | 28.0 | 26.0 | 49.4 | 41.5 | 46.2 | 37.2 |
Net sales EVSE (%) | 14.4 | 10.1 | 12.6 | 11.1 | 22.4 | 19.9 | 17.9 | 16.7 |
Gross margin (%) | 52.1 | 53.6 | 52.8 | 57.1 | 55.0 | 50.6 | 49.2 | 48.4 |
EBITA | 18.7 | 46.8 | 81.8 | 63.2 | 21.7 | 4.5 | 20.9 | 22.0 |
Adjusted EBITA | 18.7 | 46.8 | 36.0 | 67.2 | 37.5 | 25.0 | 20.9 | 22.0 |
Adjusted EBITA margin (%) | 12.9 | 24.2 | 16.2 | 28.7 | 17.0 | 12.0 | 8.1 | 9.3 |
Operating profit (EBIT) | 11.4 | 39.5 | 74.5 | 55.9 | 14.5 | -2.5 | 13.9 | 15.1 |
Operating margin (%) | 7.9 | 20.4 | 33.5 | 23.9 | 6.5 | -1.2 | 5.4 | 6.4 |
Net profit/loss for the period after tax | 32.5 | 12.6 | 73.8 | 22.7 | 3.9 | -31.9 | 9.7 | 10.8 |
Earnings per share before dilution (SEK) | 0.77 | 0.3 | 1.74 | 0.54 | 0.09 | -0.74 | 0.2 | 0.22 |
Average no. of shares, millions* | 42.4 | 42.4 | 42.4 | 42.4 | 42.4 | 42.9 | 49.3 | 49.3 |
Cash flow from operating activities | 49.6 | 11.9 | 45.6 | -8.6 | 37.8 | -31.3 | -26.3 | -1.1 |
Net debt/Adjusted EBITDA (times) | 5.6x | 5.2x | 4.8x | 3.9x | 3.4x | 2.3x | 2.6x | 3.6x |
QUARTERLY DATA – SEGMENTS
Amounts in SEK million | 2020 Q2 | 2020 Q3 | 2020 Q4 | 2021 Q1 | 2021 Q2 | 2021 Q3 | 2021 Q4 | 2022 Q1 |
---|---|---|---|---|---|---|---|---|
Net sales | ||||||||
Aftermarket | 103.4 | 148.1 | 159.3 | 176.9 | 150.9 | 139.9 | 176.3 | 150.6 |
Original Equipment | 15.8 | 21.9 | 23.9 | 30.6 | 23.1 | 25.1 | 24.5 | 34.9 |
Energy & Facilities | 20.6 | 19.4 | 27.9 | 20.8 | 44.8 | 38.4 | 44.2 | 37.1 |
Segment profit/loss | ||||||||
Aftermarket | 39.4 | 67.3 | 63.0 | 83.6 | 55.4 | 49.3 | 59.0 | 48.4 |
Original Equipment | -0.3 | 5.4 | -1.9 | 8.9 | 3.6 | 4.9 | 2.5 | 10.4 |
Energy & Facilities | 1.5 | -5.8 | -1.6 | -10.6 | 1.6 | -4.2 | -10.7 | -7.9 |
Segment margin (%) | ||||||||
Aftermarket | 38.1 | 45.5 | 39.5 | 47.3 | 36.7 | 35.3 | 33.5 | 32.2 |
Original Equipment | -1.8 | 24.5 | -8.1 | 29.1 | 15.5 | 19.5 | 10.1 | 29.9 |
Energy & Facilities | 7.0 | -29.6 | -5.6 | -50.9 | 3.6 | -11.0 | -24.2 | -21.4 |
Definitions
Measure: | Definition/Calculation |
---|---|
Interest-bearing net debt | Interest-bearing liabilities adjusted for lease liabilities less interest-bearing assets and cash and cash equivalents. |
Earnings per share | Net profit in SEK in relation to the average number of shares, according to IAS 33. |
Alternative performance measures: | Definition/Calculation | Purpose |
---|---|---|
EVSE share of net sales | Sales of EV chargers and accessories as a share of total net sales from the divisions. | Used to measure sales of products for electric vehicles. |
Gross margin | Gross profit as a percentage of net sales. | Used to measure product profitability. |
Gross profit | Net sales less cost of goods sold, freight and customs. | Used to measure product profitability. |
EBITA | Operating profit before amortisation and impairment of M&A-driven non-current assets. | Measure of the underlying earnings capacity of the business and facilitates comparison between the quarters. |
Adjusted EBITA | EBITA before items affecting comparability. | Measure of the underlying earnings capacity of the business and facilitates comparison between the quarters. |
Adjusted EBITA margin | Adjusted EBITA as a percentage of net sales. | This performance measure gauges the degree of profitability of the business. |
Adjusted EBITDA | Operating income according to the income statement before items affecting comparability, depreciation/amortisation and impairment of intangible and tangible assets. | Measure of the underlying earnings capacity of the business and facilitates comparison between the periods. |
Items affecting comparability | Items affecting comparability refers to material income and cost items that are recognised separately due to the significance of their nature and amounts. | Recognising items affecting comparability separately increases the comparability of operating profit over time. |
LTM | Last Twelve Months. | Measure showing the outcome for the last twelve months. |
Net debt/Adjusted EBITDA | Net debt in relation to Adjusted EBITDA LTM. | Measure showing the capacity to repay debt. |
Organic growth | Change in net sales adjusted for acquisitions/divestments and currency effects. | Measure of internally generated growth. |
Sales growth | Net sales for the current period in relation to net sales for the comparative period. | Aims to show the trend in net sales. |
Segment profit/loss | Adjusted EBITDA excluding central items. | Measure showing the earnings capacity of the segment. |
Segment margin | Earnings for the segment as a percentage of net sales for the segment. | Measure showing the earnings capacity of the segment. |
Currency effects | Average exchange rate for the comparative period multiplied by sales in local currency for the current period. | Aims to show growth excluding currency effects. |
Concept | Definition/Calculation | Purpose |
---|---|---|
Central | Sales in Central comprise items that cannot be attributable to any specific division. Also includes Group-wide income and costs that cannot be allocated to the segments. | Items that are not directly attributable to the segments. |