HANZA, a leading high-tech manufacturing solutions provider, has reported a strong performance in the first quarter of 2024, despite a challenging economic environment. The company’s net sales increased by 18% to SEK 1,253 million, driven by recent acquisitions and new sales activities. However, when adjusted for acquisitions and currency, net sales decreased by 6%.
The operating profit for the quarter amounted to SEK 67 million, representing an operating margin of 5.3%. While the result was impacted negatively by a SEK 20 million integration and efficiency program, it was positively influenced by a SEK 20 million revaluation of the remaining acquisition purchase price. Comparatively, the adjusted operating margin, excluding the aforementioned items and acquisitions, stood at 6.4%.
Despite the decline in sales volumes experienced earlier in the year, HANZA swiftly responded with an extensive efficiency program and a range of sales activities focused on supply chain optimization. These measures are expected to improve margins throughout the year.
One of the key highlights of the quarter was the successful completion of the acquisition of Orbit One. This strategic move strengthens HANZA’s position by enhancing its capabilities, expanding the customer base, and adding valuable expertise to its portfolio. The integration process is progressing smoothly, indicating a positive outlook for the future.
The management team is optimistic about the company’s growth prospects, leveraging the new sales activities and broader customer base. Furthermore, HANZA’s strong financial position provides opportunities for additional value-creating acquisitions.
CEO Erik Stenfors emphasized the positive impact of the acquisition and efficiency program, stating, “We are confident that the integration of Orbit One, combined with our sales efforts and optimized supply chain offering, will drive growth and strengthen our margins. The strong financial position of the company positions us well for future opportunities.”
HANZA’s continuous commitment to innovation, customer satisfaction, and operational efficiency remains at the forefront of its strategies in the ever-evolving manufacturing industry.
For more information, please contact:
Erik Stenfors, CEO
Phone: +46 709 50 80 70
Email: [email protected]
Lars Åkerblom, CFO
Phone: +46 707 94 98 78
Email: [email protected]
HANZA, a leading high-tech manufacturing solutions provider, reported strong performance in the first quarter of 2024, despite a challenging economic environment. Net sales increased by 18% to SEK 1,253 million, driven by recent acquisitions and new sales activities. However, when adjusted for acquisitions and currency, net sales decreased by 6%.
The operating profit for the quarter was SEK 67 million, with an operating margin of 5.3%. The result was impacted negatively by a SEK 20 million integration and efficiency program but positively influenced by a SEK 20 million revaluation of the remaining acquisition purchase price. Comparatively, the adjusted operating margin stood at 6.4%.
HANZA responded to the decline in sales volumes earlier in the year with an extensive efficiency program and sales activities focused on supply chain optimization. These measures are expected to improve margins throughout the year.
One of the key highlights of the quarter was the successful completion of the acquisition of Orbit One, which enhances HANZA’s capabilities, expands its customer base, and adds valuable expertise to its portfolio. The integration process is progressing smoothly, indicating a positive outlook for the future.
The management team is optimistic about the company’s growth prospects, leveraging the new sales activities and broader customer base. HANZA’s strong financial position provides opportunities for additional value-creating acquisitions.
CEO Erik Stenfors emphasized the positive impact of the acquisition and efficiency program, stating that the integration of Orbit One, combined with sales efforts and optimized supply chain offerings, will drive growth and strengthen margins. The strong financial position of the company positions it well for future opportunities.
In terms of market trends, the high-tech manufacturing industry continues to evolve, with a focus on innovation, customer satisfaction, and operational efficiency. HANZA’s commitment to these strategies aligns with industry demands and positions the company competitively.
However, the industry faces challenges and controversies. These may include disruptions in global supply chains, changing regulatory environments, and increasing competition from both domestic and international players. HANZA will need to navigate these challenges and controversies to maintain its growth trajectory.
For more information, please contact:
Erik Stenfors, CEO
Phone: +46 709 50 80 70
Email: [email protected]
Lars Åkerblom, CFO
Phone: +46 707 94 98 78
Email: [email protected]