Global Citizenship: What I’ve Learned About the American PCB Business
Global Sourcing Spotlight: The Best Products to Buy Offshore Through Global Sourcing
Nolan's Notes: The Rise (and Risk) of Data
HANZA Releases Interim Report January-September 2021
November 15, 2021 | HANZAEstimated reading time: 1 minute
HANZA Holding AB shows good organic growth and a continued increase in profitability during the third quarter of 2021. In October, the company completed an acquisition in Germany and sees a continued positive development ahead.
Third quarter 2021
- Net sales increased by 18.7% to SEK 597 million (503).
- Operating profit (EBITA) increased to SEK 37.5 million (21.4), which corresponds to an operating margin of 6.3% (4.3).
- Profit after tax amounted to SEK 19.9 million (6.6), which corresponds to SEK 0.56 per share (0.20).
- Cash flow from operating activities amounted to SEK -19.3 million (25.9).
The nine-month period 2021
- Net sales increased by 8.3% to SEK 1,799 million (1,661).
- Operating profit (EBITA) increased to SEK 100.4 million (29.2), which corresponds to an operating margin of 5.6% (1.8).
- Profit after tax amounted to SEK 55.0 million (-6.6), which corresponds to SEK 1.56 per share (-0.19).
- Cash flow from operating activities amounted to SEK 66.2 million (120.2).
CEO Erik Stenfors comments on the report
“Our organic growth increased to 12% in the third quarter. This is a good increase considering the global material challenges. During the quarter, we also saw an increase in order intake in Germany, though this has not yet been reflected in the sales figures.”
“We achieved an operating margin of 6.3% in the third quarter, even though the holiday period has a negative effect on profitability. This means that we see an increase in profitability compared to both the corresponding quarter last year and the second quarter this year.”
“In October, we acquired an electronics company in Germany. The acquisition was made in accordance with our acquisition model with regards to geography, technology, and customer portfolio. HANZA has a continued solid financial situation, which is why we chose to complete the transaction in cash. The acquisition is important for the future and we welcome another 150 colleagues to HANZA.”
Share on:
Suggested Items
PCB Design Software Market Expected to Hit $9.2B by 2031
11/21/2024 | openPRThis report provides an overview of the PCB design software market, detailing key market drivers, challenges, technological advancements, regional dynamics, and future trends. With a projected compound annual growth rate (CAGR) of 13.4% from 2024 to 2031, the market is expected to grow from USD 3.9 billion in 2024 to USD 9.2 billion by 2031.
IPC Issues Clarion Call for EU to Reclaim Leadership in Electronics Manufacturing
11/21/2024 | IPCIPC released a synopsis of its recent white paper, Securing the European Union’s Electronics Ecosystem. This condensed document presents a comprehensive overview of the current challenges in Europe’s electronics manufacturing industry and shares actionable steps to help the EU achieve a stronger, more autonomous ecosystem.
IPC Celebrates National Apprenticeship Week with a Focus on Electronics Manufacturing Excellence
11/19/2024 | IPCIPC, a leading global electronics industry association and source for industry standards, training and advocacy, is proud to announce its participation in National Apprenticeship Week, scheduled for November 17-23, 2024.
IPC Introduces First Standard for In-Mold Electronics
11/18/2024 | IPCIPC announces the release of IPC-8401, Guidelines for In-Mold Electronics. IPC-8401 addresses in-mold electronics (IME) technology, providing industry consensus on guidelines for manufacturing processes, part structures, material selection, and production test methods to integrate printed electronics and components into 3D smart structures.
Disruptive Innovation and Generative AI Inventor, Kevin Surace, to Keynote IPC APEX EXPO 2025
11/15/2024 | IPCEach year, IPC APEX EXPO features industry’s most dynamic, innovative minds to deliver keynote presentations that are both educational and entertaining. IPC APEX EXPO 2025 will feature Kevin Surace, an internationally renowned futurist and generative artificial intelligence (AI) innovator.