Interim report
Page 1
NCAB GROUP Interim report January - September 2021 JULY - SEPTEMBER 2021 > V V > > ΑΛΛ Net sales increased by 61 % to SEK 863.6 million ( 536.7 ) . In USD , net sales increased 66 % . For comparable units , net sales increased by 45 % , and in USD the increase was 50 % . Order intake increased 83 % to SEK 935.2 million ( 512.3 ) . In USD , the increase was 86 % . For comparable units , order intake increased by 65 % , and in USD the increase was 68 % . EBITA increased 146 % to SEK 123.2 million ( 50.1 ) , representing an EBITA margin of 14.3 % ( 9.3 ) . EBITA was negatively impacted by transaction costs for the acquisition of RedBoard Circuits in an amount of SEK 0.8 million . EBITA , excluding the effect of transaction costs , was SEK 124.0 million , corresponding to a margin of 14.8 % ( 10.3 ) . Operating profit was SEK 118.6 million ( 47.2 ) . Operating margin was 13.7 % ( 8.8 ) . > Profit after tax was SEK 91.2 million ( 31.5 ) . > Earnings per share was SEK 4.86 ( 1.68 ) , after dilution 4.85 kr ( 1.68 ) . JANUARY - SEPTEMBER 2021 > > > Net sales increased by 40 % to SEK 2,242.9 million ( 1,600.3 ) . In USD , net sales increased 55 % . For comparable units , net sales increased by 21 % , and in USD 34 % . Order intake increased 90 % to SEK 2,971.9 million ( 1,562.0 ) . In USD , order intake increased 111 % . For comparable units , the increase was 66 % in SEK , and 84 % in USD . EBITA increased 106 % to SEK 285.1 million ( 138.5 ) , representing an EBITA margin of 12.7 % ( 8.7 ) . SEK 4.3 million was charged to EBITA relating to transaction costs for acquisitions , but was positively impacted by the forgiven PPP loans * ) . Excluding transaction costs and the PPP loans , EBITA amounted to SEK 278.4 million , corresponding to an EBITA margin of 12.4 % ( 9.6 ) . Operating profit was SEK 273.5 million ( 132.2 ) . Operating margin was 12.2 % ( 8.3 ) . > Profit after tax was SEK 209.6 million ( 92.3 ) . > Earnings per share was SEK 11.20 ( 5.14 ) , after dilution 11.19 ( 5.14 ) . EXTRA DIVIDEND AND SHARE SPLIT The Board of Directors of NCAB Group AB has decided to propose an extra dividend of SEK 10 per share and thereafter a split of the NCAB share 10 : 1 and will therefore call the shareholders to an Extraordinary General Meeting on 15 December 2021 . SIGNIFICANT EVENTS DURING AND AFTER THE QUARTER > On 1 September , 100 per cent of the shares were acquired in RedBoard Circuits in the USA . On 19 October , 100 per cent of the shares were acquired in Elmatica in Norway . NCAB has entered into a new credit facility of totally SEK 1,265 million , which raises additional funding for acquisitions of about SEK 750 million . > > NCAB will review its financial targets in 2022 . * ) Loan value of SEK 11.0 million within the American Pay check Protection Program was forgiven during the second quarter . This is booked as other income and contributed positively to the gross margin and EBITA . NCAB Group AB ( publ ) | Interim Report January - September 2021 1