• Net sales amounted to SEK 5,091 million (5,267).
• Operating profit before amortisation of intangible non-current assets (EBITA) increased by 1 percent and amounted to SEK 763 million (758) corresponding to an EBITA margin of 15.0 percent (14.4).
• Operating profit amounted to SEK 649 million (660) corresponding to an operating margin of 12.7 percent (12.5).
• Profit after tax amounted to SEK 451 million (461) and earnings per share before/after dilution amounted to SEK 1.60 (1.65).

• Net sales increased by 7 percent and amounted to SEK 20,019 million (18,714).
• Operating profit before amortisation of intangible non-current assets (EBITA) increased by 13 percent and amounted to SEK 2,860 million (2,540) corresponding to an EBITA margin of 14.3 percent (13.6).
• Operating profit increased by 12 percent and amounted to SEK 2,426 million (2,167) corresponding to an operating margin of 12.1 percent (11.6).
• Profit after tax increased by 9 percent and amounted to SEK 1,691 million (1,554) and earnings per share before/after dilution amounted to SEK 6.05 (5.55).
• Return on working capital (P/WC) amounted to 68 percent (66).
• Return on equity amounted to 28 percent (32) and the equity ratio amounted to 39 percent (36).
• Cash flow from operating activities amounted to SEK 2,575 million (1,911). Cash flow per share from operating activities amounted to SEK 9.55 (7.10).
• Since the start of the financial year ten acquisitions have been completed and another three have been closed after the end of the year. In total, this equals approximately SEK 1,100 million in annual sales.
• The Board of Directors proposes a dividend of SEK 2.80 (2.50) per share.

CEO's comments
The fourth quarter gave a solid close to yet another strong year for Addtech. The financial year was characterized by a continued high level of customer activity, despite the general external uncertainty, and increased profitability in all business areas. Our strong positions and well-diversified operations, combined with considerable commitment and favourable achievements among the companies, have generated sales growth of 7 percent on highly challenging comparisons, as well as earnings growth of 13 percent and a strengthened EBITA margin of 14.3 percent (13.6). Our unique culture, with its focus on entrepreneurship and decentralised responsibility, continues to prove itself and to generate conditions for profitable growth.

For the full CEO comment, please see the Year-end report.

Stockholm May 16, 2024

This information is information that Addtech AB (publ.) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out below, at 8.15 a.m. CET on 16 May 2024. 

A phone conference and webcast will be arranged in relation to the report, at 10.00 a.m.

For participation in the conference:
Phone: Register on the link https://conference.financialhearings.com/teleconference/?id=50048402 (https://swe01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fconference.financialhearings.com%2Fteleconference%2F%3Fid%3D50048402&data=05%7C02%7Cchristopher.casselblad%40addtech.com%7Cb734a77b9ccb499a99e108dc5d281f18%7C30d978e182b04a66bb36edebc89bba69%7C0%7C0%7C638487674139427334%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=4kpo1fhySbJgoQvOvFOYWMaQpAnFYUtSnsf%2BwH7Vk9w%3D&reserved=0)
Webcast: https://ir.financialhearings.com/addtech-q4-report-2023 (https://swe01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fir.financialhearings.com%2Faddtech-q4-report-2023&data=05%7C02%7Cchristopher.casselblad%40addtech.com%7Cb734a77b9ccb499a99e108dc5d281f18%7C30d978e182b04a66bb36edebc89bba69%7C0%7C0%7C638487674139395794%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=KxQWHN01Hz2roX%2B9NOejpPt0UZ9b03VuQx0ro%2FNWKZ4%3D&reserved=0)

For further information, please contact:
Niklas Stenberg, President and CEO, +46 8 470 49 00 
Malin Enarson, CFO, +46 705 979 473

Addtech in brief
Addtech is a technical solutions group that provides technological and economic value added in the link between manufacturers and customers. Addtech operates in selected niches in the market for advanced technology products and solutions. Its customers primarily operate in the manufacturing industry and infrastructure. Addtech has about 3,900 employees in more than 150 subsidiaries that operate under their own brands. The Group has annual sales of more than SEK 18 billion. Addtech is listed on Nasdaq Stockholm.