The manufacturing strategist HANZA, listed on the Nasdaq First North Stockholm, is today presenting an interim report, with a sales exceeding half a billion SEK in a single quarter for the first time, while the profitability continues to improve. The Board has also established a strategy for the forthcoming expansion phase, according to which HANZA’s financial targets and dividend policy will be revised.
HANZA Holding AB (publ) continues along its profitable growth trajectory. In the second quarter, the company reported an operating profit of SEK 21.7 million, a significant increase compared to the corresponding period last year (14.0). Cash flow is also strong, and the second quarter also saw a significant debt reduction in the amount of SEK 36 million.
SECOND QUARTER (1 April – 30 June 2018)
FIRST SIX MONTHS (1 January – 30 June 2018)
CEO Erik Stenfors comments on the report:
“During the quarter, HANZA net sales exceeded half a billion SEK for the first time, with profitability increased for the fourth consecutive year. These achievements are the result of HANZA’s efforts during the development phase. Our segment Nordics reports an industry-leading operating margin of 7.5% for the quarter. With an offer that creates higher customer value than traditional contract manufacturing, it is possible to build up a profitable manufacturing industry even in the Nordic countries."
"As we announced at the beginning of the year, HANZA has now commenced an expansion phase. This means that the extensive projects from the ramping-up phase, such as relocating entire factories, are complete. We are now addressing new customer areas, and we continue the work to streamline our Manufacturing Clusters outside of the Nordic region in order to meet future sales volumes."
"For rapidly-growing companies with global ambitions, strengthening the balance sheet, primarily by lowering working capital and net debt, is just as important as strengthening the income statement. HANZA has achieved strong cash flows in the past, a trend we continued this quarter. Cash flow from operating activities amounted to approximately SEK 50 million during the quarter, while net debt decreased by SEK 36 million, which is close to 11 percent."
The Board has today also established a strategy for the forthcoming expansion phase, which aims to profitable expansion by gain of new market shares and further development of the Group’s Manufacturing Clusters. The target is to be a significant manufacturing player in Europe by year 2022. In connection to that the HANZA Group’s financial targets have been adjusted by the board as follows:
For further information please contact:
Erik Stenfors, CEO, Tel: +46 709 50 80 70, mail: email@example.com
Lars Åkerblom, CFO, Tel: +46 707 94 98 78, mail: firstname.lastname@example.org
HANZA modernizes and streamlines the manufacturing industry. We create shorter lead time with more environmentally friendly processes and increase profitability for clients by bringing together different manufacturing technologies locally. Founded in 2008, HANZA today has an annual revenue of more than one million SEK and operates in Sweden, Finland, Estonia, Poland, Czech Republic and China. Among HANZA’s clients are leading companies like ABB, Perkin Elmer, Atlas Copco and Kone. For more information visit www.hanza.com
The shares in HANZA are listed on Nasdaq First North Premier and the companies Certified Adviser is Erik Penser Bank AB (publ), phone no + 46 8 463 83 00
HANZA is a fast growing industrial business partner within manufacturing. The company offers a unique combination of advisory services and tailormade manufacturing solutions that increases growth and profitability for its customers. HANZA was founded in 2008 and has grown into a billion SEK company. The Company currently operates in Sweden, Finland, Estonia, Poland, Czech Republic and China. Among HANZA’s clients there are leading industrial companies such as Kone, Konecranes, Atlas Copco, ABB and Saab Defense.
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