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Hanza

Hanza

Hanza Holding AB: HANZA: Interim report January - June 2021

11:53 / 27 July 2021 Hanza Press release

HANZA Holding AB (publ) reports solid development during the second quarter of 2021. HANZA also sees a long-term increase in demand , hence the company is making further investments in the Group's manufacturing clusters.

Second quarter
Net sales increased by 13% to SEK 633.8 million (559.0).
  • Operating profit (EBITA) increased to SEK 40.4 million (-12.6), which corresponds to an operating margin of 6.4 % (-2.3).
  • Profit after tax amounted to SEK 26.0 million (-19.6), which corresponds to SEK 0.73 per share (-0.58).
  • Cash flow from operating activities amounted to SEK 19.4 million (26.7).

 

First half-year
Net sales increased by 4% to SEK 1,201.2 million (1,158.1).
  • Operating profit (EBITA) increased to SEK 62.9 million (7.8), which corresponds to an operating margin of 5.2 % (0.7).
  • Profit after tax amounted to SEK 35.1 million (-13.2), which corresponds to SEK 1.00 per share (-0.39).
  • Cash flow from operating activities amounted to SEK 85.5 million (94.3).

 

CEO Erik Stenfors comments on the report

"We see how the market appreciates HANZA's unique offering. In the spring of 2021, we have secured a number of new customers and projects. To meet the demand, we continue to develop our six manufacturing clusters. During the second quarter, we decided on additional investments of SEK 35 million."

"Long-term perspective is a guiding principle for HANZA, and it is clear that our strategy is working. During the second quarter, approximately 70% of HANZA had an operating margin of around 10%, which resulted in a Group margin of 6.4%. Retained financial costs during the expansion mean that the net result improves significantly; earnings per share amounted to SEK 0.73 in the second quarter."

"We are now working to complete our currently six manufacturing clusters. Once this phase is finalized, we will further scale up our company to meet the global demand for HANZA's business model."

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 07.30 am (CET), July 27, 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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