First quarter

• Net sales rose 45.0 per cent to MSEK 626 (431), of which organic growth was 16.1 per cent.

• Adjusted EBITA increased 40.0 per cent to MSEK 28 (20) and the adjusted EBITA margin amounted to 4.5 per cent (4.5).

• EBITA increased to MSEK 22 (20) and the EBITA margin amounted to 3.6 per cent (4.7).

• Operating profit (EBIT) increased to MSEK 22 (20) and the operating margin amounted to 3.4 per cent (4.7).

• Cash flow from operating activities amounted to MSEK -85 (18).

• Profit for the period amounted to MSEK 15 (18).

• Earnings per share before and after dilution amounted to SEK 0.33 (0.55).

• Net debt amounted to MSEK 557 (532) and net debt/adjusted EBITDA R12M to 2.4 (3.0).

• The order backlog increased 8.8 per cent to MSEK 3,401 (3,125).

Significant events during and after the first quarter

• Three acquisitions were consolidated during the quarter with total annual sales of MSEK 260 at the time of the acquisitions.

• After the end of the quarter, Netel announced an acquisition with sales of MSEK 63.

• Agreement with EON in Sweden to construct three transformer stations with a total order value of MSEK 55.

Web casted presentation with conference call

A webcasted presentation where CEO Ove Bergkvist and CFO Peter Andersson present the report will take place today at 09:00 a.m. CEST. You can ask question via the web or call to listen to the presentation and ask questions.

Webcast:
https://tv.streamfabriken.com/netel-group-q1-2022

Dial-in numbers:
Sverige +46856642706
UK +443333009270
USA +16319131422, PIN only for the US number 95573743#

Interim reports on www.netelgroup.com

The complete interim report and previous reports are available on https://netelgroup.com/en/investors/reports-and-presentations/.

Next report

The next report will be published 25 August, 07:30 a.m. CEST.