Interim report
Page 1
shp Successful management of dramatic year provides improved result ■ The organic growth has increased in the quarter ■ GHP improved the underlying results despite challenging conditions during the pandemic in the fourth quarter One - time items from capital gain and write - down of receivables positively impacted the results by SEK 14.5 million ■ Full - year results are GHP's best results so far despite considerable negative impact of the pandemic ■ The Board intends to propose dividend in line with the dividend policy , but will give information on the precise amount of the dividend and its timing at a later date Fourth quarter 2020 ■ Sales revenues increased to SEK 393.5 million ( 372.9 ) ■ Organic growth increased to 8.8 percent ( 6.8 ) ■ EBITDA increased to SEK 66.4 million ( 41.3 ) ■ EBITDA margin increased to 16.9 percent ( 11.1 ) ■ EBIT increased to SEK 40.4 million ( 17.8 ) EBIT margin increased to 10.3 percent ( 4.8 ) ■ Result after tax increased to SEK 33.1 million ( 13.1 ) Result per share increased to SEK 0.45 ( 0.16 ) Sales revenues , rolling 12 months SEK millions 1 400 1 300 1 200 1 100 1 000 1 120 Sek millions Other Total Year - end report 2020 1 172 Q4 Q1 2018 Nordic region International Vårdsamverkan 1 220 1 276 Q2 Q3 Q4 Q1 2019 2019 2019 2019 2020 1 313 1 366 336.4 25.2 31.9 0.0 393.5 Sales revenue Fourth quarter 2020 2019 311.9 27.8 33.2 0.0 372.9 1 347 1 351 1372 Q2 Q3 Q4 2020 2020 2020 80 33.6 -0,6 * 0.4 7.0 40.4 60 40 Full year 2020 ■ Sales revenues increased to SEK 1,371.9 million ( 1,313.3 ) ■ Organic growth amounted to 3.8 percent ( 14.3 ) ■ EBITDA increased to SEK 200.4 million ( 150.4 ) Operating result ( EBIT ) Fourth quarter 2020 ■ EBITDA margin increased to 14.6 percent ( 11.4 ) EBIT increased to SEK 100.1 million ( 63.0 ) EBIT margin increased to 7.3 percent ( 4.8 ) ■ Result after tax increased to SEK 74.4 million ( 43.8 ) ■ Result per share increased to SEK 0.98 ( 0,53 ) ■ EBIT , rolling 12 months SEK millions Segment summary 2019 57 25.0 5.8 -0.5 -12.4 17.8 59 85 61 73 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2018 2019 2019 2019 2019 2020 2020 2020 2020 Capital gain of SEK 19.8 million in Q4 2020 is not included in the above graph Sales revenue Full year 2020 1,155.6 103.4 113.0 0.0 1,371.9 Quality through specialisation 63 72 2019 1,097.1 94.3 121.9 0.0 1,313.3 75 * EBIT in International has been affected negatively by the write down of 5,3 million . Items reported as Other are attributable to Parent Company functions and the capital gain of 19,8 million . For more information on the Parent Company's results , please refer to page 18 . 78 80 Operating result ( EBIT ) Full year 2020 97.8 21,0 * 6.3 -25.0 100.1 2019 81.2 27.2 -2.0 -43.5 63.0