Standard of Excellence: Delivering Excellence—A Daily Goal
Knocking Down the Bone Pile: Tin Whisker Mitigation in Aerospace Applications, Part 3
The Knowledge Base: Building the Workforce of Tomorrow With EMAC
HANZA Reports Solid Development in Q2 2021
July 27, 2021 | HANZAEstimated reading time: 1 minute
HANZA Holding AB 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.”
Share on:
Suggested Items
Wolfspeed Stock Soars After Filing for Chapter 11 Bankruptcy
07/01/2025 | I-Connect007 Editorial TeamOn July 1, Wolfspeed shares doubled following the company’s announcement on June 30 that it had filed for Chapter 11 bankruptcy protection.
Zollner Completes Full Acquisition of Bluechips Microhouse
07/01/2025 | Zollner Elektronik AGZollner Elektronik AG has successfully finalized its com- plete takeover of Bluechips Microhouse Co., Ltd., in Thailand. In the future the company will operate as part of the Zollner Group of companies under the leadership of Thomas Kiefl – strategically networked, technologically focused and internationally oriented.
Inission Acquires the Lithuanian Company Selteka
07/01/2025 | InissionInission AB has signed an agreement to acquire 100% of UAB Selteka. Selteka is a well-respected EMS (electronics manufacturing services) company with operations located in Kaunas, Lithuania.
RTX, Shield AI Partner to Develop New Defense Capabilities
07/01/2025 | RTXRTX and Shield AI announced a new partnership to integrate Shield AI capabilities into select RTX defense products, like loitering munitions and sensors. This collaboration will deliver enhanced, autonomous capabilities to US and allied defense forces.
Lockheed Martin Completes Acquisition of Amentum’s Rapid Solutions Portfolio
07/01/2025 | Lockheed MartinLockheed Martin has closed its acquisition of the Rapid Solutions business of Amentum, an engineering and technology solutions company.