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Lagercrantz Year-end Report 2021/22

2022-05-17 08:00
Regulatory

Fourth quarter (1 January – 31 March 2022)

  • Net revenue increased by 41% to MSEK 1,575 (1,118).
    • Organically, net revenue increased by 20%.
  • Operating profit (EBITA) increased by 38% to MSEK 265 (192), equivalent to an operating margin of 16.8% (17.2).
  • Profit after financial items increased by 29% to MSEK 214 (166).
  • Profit after taxes increased by 34% to MSEK 169 (126).
  • Cash flow from operating activities amounted to MSEK 168 (173).
  • The Lagercrantz share (LAGR B) was moved to the Large Cap segment of Nasdaq Stockholm as of January 2022.
     

The financial year 1 April 2021 – 31 March 2022 (12 months)

  • Net revenue increased by 34% to MSEK 5,482 (4,091).
    • Organically, net revenue increased by 16%.
  • Operating profit (EBITA) increased by 45% to MSEK 895 (616), equivalent to an operating margin of 16.3% (15.1).
  • Profit after financial items increased by 48% to MSEK 741 (502) and profit after taxes increased by 47% to MSEK 572 (388).
  • Cash flow from operating activities amounted to MSEK 594 (782).
  • Return on equity for the latest 12-month period amounted to 28% (22) and the equity ratio at the end of the period was 36% (40).
  • Earnings per share after dilution increased by 47% to 2.80 SEK, compared to SEK 1.91 for the 2020/21 financial year.
  • The Board of Directors proposes an increased dividend to SEK 1.30 (1.00) per share.
  • During the financial year, seven acquisitions were carried out; CW Lundberg, Libra, AC Antennas, Geonor, GM Scientific, Westmatic and ARAS Security with a total annual business volume of approx. MSEK 665.


Statement of the Chief Executive

“Lagercrantz reaches new heights”

Lagercrantz’s quarter January-March 2022 was a very good close to the 2021/22 financial year. Demand was strong, which generated record high revenue growth of 20%. The EBITA margin remained good at 16.8% and the return on equity for the full financial year reached 28% (22), which was 3 percentage points higher than the long-term financial goal. During the financial year, acquisitions added about MSEK 665 to the Group’s business volume, which made a significant contribution to growth. Earnings per share after dilution increased during the financial year by 47% to SEK 2.80 (1.91) and the Board proposes an increased dividend to SEK 1.30 per share (1.00), summarises CEO Jörgen Wigh.

For the full CEO comment, please see the Year-end Report.

Stockholm 17 May 2022

Lagercrantz Group AB (publ)

A phone conference will be held 17 May at 10 am CET, in English.
Phone: +46 8 619 7530. PIN: 332347#
Link to presentation: 
https://www.lagercrantz.com/en/reports-and-presentations

This disclosure contains information that Lagercrantz Group 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 17 May 2022 at 08.00 CET.

For further information please contact:
Jörgen Wigh, President and CEO, Lagercrantz Group AB, +46 8 700 66 70
Peter Thysell, CFO, Lagercrantz Group AB, phone +46 70 661 05 59
or visit the website www.lagercrantz.com

LAGERCRANTZ GROUP IN BRIEF
Lagercrantz Group is a technology group that offers world-leading, value-creating technology, using either proprietary products or products from leading suppliers. The Group consists of some 60 companies, each with a focus on a specific sub-market – a niche.  Lagercrantz Group is active in nine countries in Northern Europe as well as in China, India and in the USA. The Group has approximately 1,950 employees and annual revenue of about MSEK 5,500 in 2021. The Company is listed on Nasdaq Stockholm since 2001. Read more on www.lagercrantz.com

Attachments
Year-end Report 2021/22

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