HANZA: Interim Report January-March 2022

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HANZA Holding AB reports record high growth during the first quarter of 2022, as well as strong order intake from all customer areas. Furthermore, the company has inaugurated a newly built production facility of 12,000 sqm, in Tartu, Estonia, and will expand during the spring with new production areas in Poland, the Czech Republic and China.

First Quarter 2022

• Net sales increased by 45% to SEK 824 million (567). Adjusted for acquisitions and currency, growth amounted to 28 %.
• Operating profit (EBITA) increased by 83% to SEK 41.2 million (22.5), which corresponds to an operating margin of 5.0% (4.0).
• Profit after tax amounted to SEK 19.2 million (9.1), which corresponds to SEK 0.54 per share (0.27).
• Cash flow from operating activities amounted to SEK 13.4 million (66.1).

CEO Erik Stenfors comments:

“For the first time, HANZA reached sales of more than SEK 800 million in a single quarter. This is due in equal parts to good new sales, a strong customer portfolio and successfully completed acquisitions.”

“Our expansion program both reaped and sowed during the quarter. Main markets already have an increased capacity after completed activities and reports strong earnings. Other markets are completing a number of activities to increase capacity and temporarily reports lower earnings.”

“Going forward, we see a strengthened trend to gather production close to the customer, which is the core of HANZA's business model. Thus, we see a bright future - both in the short and long term.”