Press release,
Record quarter for
October-
- Net sales increased during the fourth quarter by 25,2% to 104,6 MSEK (83,5). The currency adjusted growth amounted to18,5 percent.
- Adjusted EBITDA increased during the fourth quarter by 189,0% to 14,7 MSEK (5,1), corresponding to an adjusted EBITDA margin by 14,0 % (6,1).
- Operating profit/loss was 2,6 MSEK (-1,7) which correspond to operating margin of 2,4% (-2,0).
- Profit/loss for the quarter was 38,0 MSEK (-4,3) of which 30,7 MSEK is an effect of valued previous years tax loss carry-forward.
-
Result per share, basic and diluted was 2,59
(-0,29) SEK . - Cash flow from operating activities for the period was 1,2 MSEK (13,7).
January-
- Net sales increased during the year by 9,7% to 358,6 MSEK (326,9). The currency adjusted growth amounted to 1,0 percent.
- Adjusted EBITDA decreased during the year by 20,6% to 27,0 MSEK (34,0), corresponding to an adjusted EBITDA margin by 7,5% (10,4).
- Operating profit/loss was -7,1 MSEK (9,6) which correspond to operating margin of -2,0% (2,9).
- Profit for the year was 24,2 MSEK (5,9) of which 30,7 MSEK is an effect of valued previous years tax loss carry-forward.
-
Result per share, basic and diluted was
1,65 SEK (0,4). - Cash flow from operating activities for the year was -6,7 MSEK (26,2).
- The Board does not propose dividends 2022.
Amounts in TSEK | 2022 Oct-Dec | 2021 Oct-Dec | 2022 Full Year | 2021 Full Year |
Net sales | 104 602 | 83 531 | 358 603 | 326 886 |
Net sales growth, % | 25,2 | 23,2 | 9,7 | 14,1 |
Gross margin, % | 68,5 | 72,7 | 68,3 | 68,4 |
Adjusted EBITDA | 14 677 | 5 079 | 26 970 | 33 958 |
Adjusted EBITDA margin, % | 14,0 | 6,1 | 7,5 | 10,4 |
Equity ratio, % | - | - | 60,9 | 54,4 |
Cash flow from operating activities, MSEK | 1,2 | 13,7 | -6,7 | 26,2 |
Net debt/EBITDA, R12M | - | - | 0,8 | 0,3 |
Number of employees at end of period | - | - | 120 | 137 |
Comments by the CEO
During the quarter, we experienced good demand for our solutions and sales for the quarter were record high. Sales increased by just over 18 percent compared to same period 2021 and the margin on adjusted EBITDA level of 14 percent is the highest we have achieved in a single quarter. Both
During the quarter, we were affected by cost increases for both electronic components and consumables. With price increases to customers and internal efficiency, we managed to reach an acceptable gross margin of 68.5 percent during the period, which is, however, lower than in the fourth quarter of 2021.
Considering the challenging purchasing situation and the deficiency of capacity in our outsourced production, we are very satisfied with the continued good gross margin. For the full year, we have the same gross margin as last year. It shows that our offer can withstand price increases without losing attractiveness.
During the third quarter, an efficiency program was initiated in
We have continued to invest in technology leadership in our areas and develop more complete solutions that give our offer increased competitiveness and move us up the value chain. The focus is increasingly directed towards solutions that can contribute to a more sustainable transport system where analysis, AI and
The group's turnover during the fourth quarter amounted to
In the quarter, the gross margin was 68.5 percent with an adjusted EBITDA result of
The cash flow was affected negatively by changes in working capital linked to increases in stock and that a large part of the invoicing took place at the end of the quarter and that accounts receivable thus increased. Our stock increased during the quarter by approximately 3 percent as a result of our investment in maintaining a high level of service to our customers and being able to deliver even in times of severe delivery disruptions. The work to reduce the working capital has continued focus going forward.
Today,
Our strategy and the value-creating potential have not changed due to the short-term limitations in the supply chain, and our investment in growth via innovation, commercial focus and acquisition means that we have a positive view of the company's development for the coming years.
CEO
Auditor's review
This report has not been reviewed by the company auditor.
Financial calendar
Annual General Meeting 2023
The Board has decided that the Annual General Meeting will be held on
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