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Alcadon Group AB: Year-end report 1 January - 31 December 2022

Alcadon Group
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Net sales increases with 94 percent and EBITA improves with 96 percent

FOURTH QUARTER 2022
  • Net sales increased by 94 percent to MSEK 401 (206). In unchanged currency levels, net sales increased by 90 percent.
  • Operating profit before amortization of intangible assets (EBITA) increased by 96 percent to MSEK 31 (16) including MSEK -0.8 (-0.6) attributable to unrealized exchange rate gains and losses together with MSEK 1.6 (0) attributable to previously set aside contingent consideration for Alcadon Belgium (formerly 6X International BV).
  • Cash flow from operating activities amounted to MSEK 8.4 (-8.0).
  • Earnings per share amounted to SEK 0.67 (0.60).
  • During the period, solidity decreased to 37 percent from 38 percent.
YEAR AS A WHOLE, JANUARY-DECEMBER 2022
  • Net sales increased by 51 percent to MSEK 1,110 (737). In unchanged currency levels, net sales increased by 48 percent.
  • Operating profit before amortization of intangible assets (EBITA) increased by 2 percent to MSEK 69 (68) including MSEK -6.4 (-2.6) attributable to unrealized exchange rate gains and losses together with MSEK 1.6 (0) attributable to previously set aside contingent consideration for Alcadon Belgium (formerly 6X International BV). Moreover, the year was burdened by acquisition costs of MSEK -4.3 (-2.3).
  • Cash flow from operating activities amounted to MSEK 24 (18).
  • Earnings per share amounted to SEK 1.86 (2.62).
  • During the period, solidity decreased to 37 percent from 49 percent.

Kvartal 4 Helår
2022 2021 2022 2021
Operating income, MSEK 401,2 206,4 1 110,4 736,5
Gross margin, % 25,3 27,3 25,5 28,1
EBITA, MSEK 30,5 15,6 68,6 67,5
EBITA, % 7,6 7,6 6,2 9,2
Profit or loss for the period, MSEK 13,9 11,0 37,1 47,1
Earnings per share, SEK 0,67 0,60 1,86 2,62

SIGNIFICANT EVENTS DURING THE QUARTER
  • No significant events have taken place during the period.
SIGNIFICANT EVENTS AFTER THE PERIOD
  • The Board of Directors has decided to, during 2023, start the process of switching from Nasdaq First North Growth Market to Nasdaq's main market in Stockholm. The decision is an intention and the application to Nasdaq's main market is expected to be submitted in 2024.
  • In light of the acquisition of Networks Centre and the expected continued good growth, the Board proposes that no dividend be paid for 2022.

Stockholm, 21 February 2023

This disclosure contains information that Alcadon Group AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 21-02-2023 08:00 CET.

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