Interim report January–June 2022

April–June

Net sales increased 44.4% to MSEK 553.0 (382.9), of which organic growth amounted to 6.4%
ARR increased 42.3% to MSEK 1,730.9 (1,216.2), of which 7.2% was organic
Adjusted EBITDA was MSEK 182.6 (147.7), corresponding to an adjusted EBITDA margin of 33.0% (38.6)
EBIT was MSEK 36.0 (27.6), including items affecting comparability of MSEK -15.6 (-10.2)
Profit/loss for the period totalled MSEK 46.0 (-54.9).
Basic and diluted earnings per share amounted to SEK 0.21 (-1.67)
Cash flow from operating activities totalled MSEK 124.2 (-0.4)

January–June

Net sales increased 62.5% to MSEK 1,076.7 (662.7), of which organic growth amounted to 6.7%
ARR increased 42.3% to MSEK 1,730.9 (1,216.2), of which 7.2% was organic
Adjusted EBITDA was MSEK 356.1 (261.6), corresponding to an adjusted EBITDA margin of 33.1% (39.5)
EBIT was MSEK 54.9 (-7.1), including items affecting comparability of MSEK -37.7 (-86.2)
Profit/loss for the period totalled MSEK 56.7 (-194.0).
Basic and diluted earnings per share amounted to SEK 0.26 (-3.49)
Cash flow from operating activities totalled MSEK 269.5 (-15.4)
Net debt at the end of the period in relation to adjusted EBITDA for the latest twelve-month period decreased to 3.1x (–), compared with 3.8x at the end of the fourth quarter

Solid organic growth and earnings development
“It is gratifying to present organic sales growth of 6.4%, organic growth in ARR of 7.2% and clearly improved earnings in the second quarter. The construction market has continued to be dominated by disruptions in supply chains as well as volatile prices for materials. This, in combination with increased energy costs, high inflation and rising interest rates affected construction. However, we have seen signs of stabilisation during the end of the quarter. I would also like to emphasise that there is no direct correlation between developments in the construction market and our operations, as the need for our products and services increases in a weak market. In the longer term, it is of course beneficial for us if our end market grows, but our business is not subject to the same economic fluctuations as the construction industry. The quarter was also characterised by a strong cash flow and an improved debt/equity ratio, which creates the right conditions for a more active acquisition agenda going forward”, says Stefan Lindqvist, CEO of Byggfakta Group.