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Hanza

Hanza

Hanza Holding AB: HANZA experiences strong profit development during the second quarter

13:01 / 14 June 2021 Hanza Press release

HANZA Holding AB (publ) estimates that the operating profit for the second quarter will exceed SEK 35 million, with a turnover exceeding SEK 600 million.

Through continued good development of the Group's two operating segments and a stable market development, the company estimates that the Group will achieve sales exceeding SEK 600 million during the second quarter of 2021 (SEK 559 million in the second quarter, 2020).

Operating profit for the second quarter is estimated to exceed SEK 35 million (SEK 17,7 million in the second quarter, 2020, after adjustments for non-recurring costs).

External analysts have estimated the Group's margin for the second quarter of 2021 at approx. 4.6-5.0% after possible adjustments for non-recurring costs. The Group's operating margin according to the company's assessment above is expected to amount to approx. 5.8%, which is thus approx. 0.8-1.2 percentage points higher. No non-recurring costs are expected in the second quarter.

HANZA normally reports operating profit as earnings before amortization of intangible assets (EBITA), which also applies to this estimate. Complete information will be published in HANZA's interim report for the second quarter on July 27, 2021.

The information in this press release is such that HANZA must disclose it in accordance with the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 13.00 (CET), June 14, 2021. 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 knowledge-based global manufacturer that modernizes and streamlines the manufacturing industry. Through supply-chain advisory services and our own factories grouped into regional manufacturing clusters, we offer secure deliveries, increased profitability and sustainable manufacturing solutions for our customers.
HANZA was founded in 2008 and has since 2019 had sales exceeding SEK 2 billion. The company has production units in seven countries; Sweden, Finland, Germany, Estonia, Poland, the Czech Republic and China. Among our clients are leading product companies such as ABB, Epiroc, GE, Getinge, Oerlikon, Saab and Siemens.

HANZA is listed on Nasdaq Stockholm's main list (ticker: HANZA).

For more information please go to: www.hanza.com

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