Evertiq – NCAB Black Numbers

Net sales rose 35 percent to just over SEK 1.2 billion (863.6). This is evidenced by the company’s latest interim report.

Order intake increased by eight percent to just over one billion kroner (935.2).

EBITDA increased by 49 percent to SEK 183.5 million (123.2), which equates to an EBITDA margin of 15.7 percent (14.3).

Operating profit was SEK 172.3 million (118.6). Profit after tax was 138.5 million Swedish kronor (91.2).

Cash flow from current operations was SEK 212.2 million (0.2).

“During the quarter, we have noticed that lead times have been shortened and component availability for our customers has begun to improve, which has resulted in the bottlenecks in our customers disappearing. We are well positioned to continue our profitable growth journey and to win new customers in growing sectors such as energy efficiency and safety CEO Peter Crook says in the interim report.

All sectors made progress during the period, Kroc continues.

“Growth in the Nordic countries has been very good, with strong results in most units while the sector has continued to be strengthened by the acquisition of Elmatica. Profitability has also remained high, with development in all countries and synergies from the acquisition of Elmatica.

In Europe, the strong increase in net sales continued and margins improved further. The UK’s Kestrel International Circuits integration, which was acquired in June, has made good progress and synergies are already beginning to materialize on both the revenue and cost side.

In Europe, the strong increase in net sales continued and margins improved further. The UK’s Kestrel International Circuits integration, which was acquired in June, has made good progress and synergies are already beginning to materialize on both the revenue and cost side.

In North America, net sales growth continued to be good. A very positive was the significantly improved profitability, which comes from increased efficiencies and gross margins,” says the CEO.