AVTECH Sweden AB (publ) Year-End Report January – December 2022
FINANCIAL KEY FIGURES FOR THE PERIOD
| 2022 | 2022 | 2021 | |
| MSEK | Quarter 4 | Quarter 3 | Quarter 4 |
| Net sales | 5.7 | 5.7 | 3.6 |
| Operating earnings before depreciation | +2.8 | +3.1 | +0.9 |
| Net earnings | +1.8 | +2.2 | +0.1 |
| Net earnings per share, SEK | +0.032 | +0.039 | +0.001 |
| Cashflow | +2.2 | +1.7 | +0.4 |
| Cash and cash equivalents | 14.6 | 12.5 | 10.2 |
| Equity | 31.2 | 29.4 | 25.1 |
| Equity per share, SEK | 0.55 | 0.52 | 0.44 |
| Equity ratio, % | 92.7% | 92.2% | 89.8% |
- Sales for the fourth quarter increased by 59% compared to Q4 2021 thanks to new agreements at the beginning of the year, increased air traffic, and a rising dollar- and euro exchange rate.
- Net earnings for the fourth quarter decreased by 19.1% compared to the previous quarter, a difference that is largely due to reduced personnel costs associated with vacation leave in Q3. Net earnings increased 3136% compared to Q4 2021 thanks to increased sales and continued cost control. Corrections to previously paid employer contributions to the Swedish Tax Agency for January 2019 to October 2020 have also reduced personnel costs by MSEK 0.3 during the period.
- Cash flow increased in the fourth quarter by 432% compared to Q4 2021 mostly thanks to increased customer payments. The cash position was also positively affected by a refund of employer contributions of MSEK 0.3 from the tax agency.
Financial reports are available at www.avtech.aero/report.
https://www.avtech.aero/press-release-english
The information was submitted for publication, through the agency of the contact persons set out below, at 2023-02-17 08:30 CEST.