Addtech Energy's net sales totalled SEK 1,576 million (1,392), an increase of 13 percent. Operating profit amounted to SEK 152 million (151). On the whole, the business area's market was relatively stable during the year, starting and ending on a solid note, but with a weaker period during the second and third quarters. The business climate remained favourable for niche products in electrical power distribution. For electrical safety and electrical installation products, and aftermarket products for the energy sector, demand was stable overall during the year, although some manufacturing customers were more hesitant during the second half of the year. The market for new types of battery technology was subdued, while there was relatively sound demand for traditional battery solutions.
During the year the business area carried out three acquisitions, of Staubo Elektro Maskin AS, Necks Electric Holding AB and Vallin Baltic AS.
|Net sales, SEKm||1,576||1,392|
|Operating profit, SEKm||152||151|
|Operating margin, %||9.7||10.8|
|Working capital year average, SEKm||274||246|
|Return on working capital (P/WC), %||56||62|
|Investments in property, plant and equipment, SEKm||8||6|
|Average number of employees||477||379|