Knocking Down the Bone Pile: Best Practices for Electronic Component Salvaging
Global Citizenship: Together for a Perfect PCB Solution
Smart Automation: Odd-form Assembly—Dedicated Insertion Equipment Matters
HANZA Releases Interim Report January-June 2023
July 26, 2023 | HANZAEstimated reading time: 1 minute
HANZA AB reports another record-strong quarter with stable growth and a significant margin increase. The company further writes about the recently won major order to Mitsubishi and a continued very good order intake in virtually all industries and geographies.
Second quarter 2023
- Net sales increased by 21 % to SEK 1 068 million (886).
- Adjusted for acquisitions and currency, organic growth was 13%.
- Operating profit (EBITA) increased to SEK 92 m (57), which corresponds to an operating margin of 8.6% (6.4).
- Profit after tax amounted to SEK 60 million (36), corresponding to SEK 1.51 per share (1.01) before dilution and SEK 1.49 (1.00) after dilution.
- Cash flow from operating activities totalled SEK 86 million (29).
First half of 2023
- Net sales increased by 25 % to SEK 2 132 million (1 710).
- Adjusted for acquisitions and currency, growth was 18%.
- Operating profit (EBITA) increased to SEK 179 million (99), which corresponds to an operating margin of 8.4% (5.8). Energy subsidies had a positive impact of SEK 7 million. Excluding this item, operating profit amounted to SEK 172 million, corresponding to an operating margin of 8.1%.
- Profit after tax amounted to SEK 118 million (55), corresponding to SEK 3.00 per share (1.55) before dilution and SEK 2.96 (1.53) after dilution.
- Cash flow from operating activities totalled SEK 175 million (43).
CEO Erik Stenfors comments on the report:
"During the quarter, we saw continued good demand from HANZA's broad customer base. To meet the growth, we are working to expand capacity through efficiency improvements. Q2 was therefore our strongest quarter to date in terms of earnings with an operating margin of 8.6 per cent (6.4). In the Main Markets segment, the margin now reaches as much as 11.1 per cent, which is industry leading. Furthermore, cash flow continues to be strong despite the expansion requiring working capital."
"HANZA also continues to win brand new business and one example is the agreement we signed with Mitsubishi Logisnext Europe in early July. It is a large deal - we estimate the order value to be significantly over SEK 100 million per year - but above all, it is a good example of our unique offer to simplify supply chains. We see that the need is increasing, not least because of a changing world."
"A cornerstone for HANZA is a long-term approach. We look forward to continuing to be a fast-growing company for a long time and thus also during different economic phases. And with profitability that increases for simple and clear reasons."
Share on:
Testimonial
"In a year when every marketing dollar mattered, I chose to keep I-Connect007 in our 2025 plan. Their commitment to high-quality, insightful content aligns with Koh Young’s values and helps readers navigate a changing industry. "
Brent Fischthal - Koh YoungSuggested Items
U.S. Manufacturing Jobs Decline Amid Tariffs and Immigration Crackdown
09/17/2025 | I-Connect007 Editorial TeamManufacturers in the U.S. are cutting jobs even as President Donald Trump pushes policies he says will revitalize the industry. Employers shed 12,000 manufacturing jobs in August, while payrolls in the sector have fallen by 42,000 since April, according to a new analysis from the Center for American Progress (CAP) based on government labor data.
Defense Speak Interpreted: If CHIPS Cuts Back, What Happens to Electronics Packaging Funds?
09/02/2025 | Dennis Fritz -- Column: Defense Speak InterpretedIn my May column, I examined the topic of the CHIPS Act and its current status as a U.S. government program. I found that CHIPS activities continue, but some corporations have delayed or canceled them because of budget cuts or corporation-specific problems. However, CHIPS integrated circuits—mostly administered by the Department of Commerce—don’t fully drive the electronics interconnection activity being funded by the government. Let’s cover the progress/status of other programs:
Ecolab to Acquire Ovivo’s Electronics Ultra-Pure Water Business
08/15/2025 | EcolabEcolab Inc. has entered into a definitive agreement to acquire Ovivo’s Electronics business, a leading and fast-growing global provider of breakthrough ultra-pure water technologies for semiconductor manufacturing.
Eltek Ltd. Reports Strong Second-Quarter 2025 Results
08/14/2025 | PR NewswireEltek Ltd., a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards (PCBs), today announced its financial results for the quarter ended June 30, 2025.
Magnachip Semiconductor Announces YJ Kim to Step Down as CEO; Current Board Chairman Camillo Martino Appointed Interim CEO
08/14/2025 | PR NewswireMagnachip Semiconductor Corporation today announced that YJ Kim has agreed to step down as CEO and as a member of the Board of Directors, effective immediately. Camillo Martino, Chairman of the Board of Directors, has also been appointed Interim Chief Executive Officer, effective immediately.