Trends and earnings of the business areas
Addtech Components' net sales decreased by 2 percent to SEK 1,542 million (1,568). Operating profit declined to SEK 98 million (125). Demand for the business area's production components has been weak on the whole since the second quarter, with major variations between different customer segments and geographic regions. Nordic manufacturers, particularly those in the vehicle and engineering industry segments and in electronics production, reduced their production rate during the year. Customer segments such as energy and medical technology enjoyed the most stable demand, and so did large machinery manufacturers with sales to markets other than the vehicle and engineering industry segments. The trend on Nordic markets varied, with sustained unease on the Swedish and Danish markets, while our operations in Norway and Finland performed well.
During the year, two companies were acquired which became part of the business area - ASI Automatikk AS and Quality Documentation Scandinavia AB.
|Net sales, SEKm||1,542||1,568|
|Operating profit, SEKm||98||125|
|Operating margin, %||6.4||8.0|
|Working capital year average, SEKm||298||274|
|Return on working capital (P/WC), %||33||46|
|Investments in property, plant and equipment, SEKm||10||5|
|Average number of employees||420||376|