Addtech Q2 Sales Climb 8% as Earnings Per Share Reaches SEK 2.10

Addtech’s second-quarter net sales rose 8% to SEK 5.907 billion, while earnings per share reached SEK 2.10, as organic growth and acquisitions contributed to the Swedish company’s results.

Addtech AB (publ.) recorded SEK 5.907 billion in net sales in the quarter ended Sept. 30, compared with SEK 5.45 billion a year earlier. Earnings per share were SEK 2.10, up from SEK 1.80 in the same period last year.

Operating profit increased 17% to SEK 826 million. The operating margin widened to 14% from 13%, while earnings before interest, taxes and amortization (EBITA) rose 17% to SEK 987 million.

A one-time effect in Addtech’s Safety business area contributed about SEK 55 million to quarterly EBITA. Sales growth included two percentage points from organic growth, five points from acquisitions and one point from currency movements.