SMT Perspectives and Prospects: The AI Era, Part 3: LLMs, SLMs, and Foundation Models
‘Deepfake’ Components
Global Citizenship: Our Strength Comes From Working TogetherHANZA Releases Q1 2023 Interim Report
May 8, 2023 | HANZAEstimated reading time: 1 minute
HANZA AB reports the company's strongest quarter to date, with sales exceeding 1 billion SEK and a significant increase in margins. Furthermore, the company reports an all-time-high order backlog and strong market potential for the future. The report also includes a description of the revised sustainability strategy with raised targets, which was launched in March.
First quarter 2023
- Net sales increased by 29% to SEK 1,065 million (824).
- Adjusted for acquisitions and currency, the organic growth amounted to 23%.
- Operating profit (EBITA) increased to SEK 88 million (41), corresponding to an operating margin of 8.3% (5.0). The margin was positively affected by received energy subsidy of SEK 6 million.
- Excluding this item, the operating profit amounted to SEK 82 million, corresponding to an operating margin of 7.7%.
- Profit after tax amounted to SEK 59 million (19), corresponding to SEK 1.49 (0.54) per share
- before dilution and SEK 1.47 (0.53) after dilution.
- Cash flow from operating activities amounted to SEK 89 million (13).
CEO Erik Stenfors comments:
"HANZA is growing for solid reasons. Firstly, we have developed a diversified customer portfolio with successful customers in various growth industries. Secondly, the time is right for HANZA's business model with regional and complete manufacturing, which drives new sales."
"In terms of earnings, this is our strongest quarter to date. The operating margin, excluding energy subsidy, was 7.7% and the company's earnings per share reached an all-time high of SEK 1.49 for the quarter. This can be compared to SEK 3.35 for the fiscal year 2022."
"We continue to generate a strong cash flow, SEK 89 million for the first quarter, which means that we can continue to reduce debt. Our net debt to EBITDA ratio is now 1.6 times, compared with 2.7 times a year ago."
"In March we presented a revised sustainability strategy with new and raised targets, which are also described in this report. Sustainability has been a fundamental part of our strategy since we started HANZA and it drives success - for everyone.”
Share on:
Suggested Items
Smiths Detection Awarded Service Subcontract
10/10/2024 | BUSINESS WIRESmiths Detection, a global leader in threat detection and security screening technologies, announces it has been awarded a seven year contract to support TechFlow’s Integrated Logistics Support Contract with the Transportation Security Administration (TSA) to service hold baggage X-ray inspection systems at airports across the United States.
Scanfil Acquires SRX, Expanding its Presence in Asia Pacific
10/07/2024 | ScanfilScanfil has acquired SRXGlobal Pty Ltd. for EUR 23.3 million (USD 25.7 million), marking a key step in its Asia Pacific expansion. This acquisition includes SRX factories in Melbourne, Australia, and Johor Bahru, Malaysia, with 8 automated SMT lines and about 300 employees.
Electronic System Design Industry Posts $4.7 Billion in Revenue in Q2 2024
10/07/2024 | SEMIElectronic System Design (ESD) industry revenue increased 18.2% to $4,685.5 million in the second quarter of 2024 from the $3,962.7 million registered in the second quarter of 2023, the ESD Alliance, a SEMI Technology Community, announced in its latest Electronic Design Market Data (EDMD) report.
Department of Defense Awards $30 Million to Expand Domestic Printed Circuit Board and Substrate Production
10/01/2024 | Department of DefenseThe Department of Defense announced today a $30 million award to TTM Technologies Inc. (TTM) in Santa Ana, California. This award, facilitated through the Defense Production Act Purchases (DPAP) office, will enable TTM to acquire and install advanced manufacturing equipment and develop prototype designs for printed circuit boards. The project will commence at TTM's Centers of Excellence across the United States, ultimately culminating in integration into its new Syracuse, New York facility. This strategic initiative aims to enhance TTM's capabilities and enable the timely delivery of cutting-edge technology to support vital defense programs.
Department of Defense Awards $30 Million to Expand Domestic Printed Circuit Board and Substrate Production
10/01/2024 | U.S. Department of DefenseThe Department of Defense announced today a $30 million award to TTM Technologies Inc. (TTM) in Santa Ana, California. This award, facilitated through the Defense Production Act Purchases (DPAP) office, will enable TTM to acquire and install advanced manufacturing equipment and develop prototype designs for printed circuit boards.