Strong sales and profit increases in the third quarter, with continued good order intake. Good order intake in the second quarter had a positive effect on Christian Berner Tech Trade’s third quarter results. Both sales and EBITA margins have increased in comparison to the third quarter of 2020. Strong market activity has resulted in good order intake during the third quarter. Raw material and component shortages continue to affect sales in certain areas.
Third quarter in brief
(July –
• Order intake amounted to
• Net revenue for the third quarter amounted to
• EBITA was
• Earnings per share, before and after dilution, amounted to
• Cash flow from operating activities was
First nine months in brief
(January –
• Order intake amounted to
• Net revenue for the first nine months of the year amounted to
• EBITA was
• Earnings per share, before and after dilution, amounted to
• Cash flow from operating activities was
Important events during the third quarter
•
• CFO, Torbjörn Gustafsson, has decided to leave the company. He will continue in employment until the end of the year. Recruitment of a replacement has begun.
Important events after the third quarter
• On
• The Board announces that
MESSAGE FROM THE CEO
A strong result in this quarter with continued good order intake.
We experienced strong sales and profits in this quarter, due to good order intake in the second quarter. As communicated in the last quarterly report, we saw good results in the second half of the year. Therefore, it’s pleasing to report that the third quarter ended with an EBITA margin of 9.6 (8.8) percent and order intake remained good at
Revenue increased by 27.3 percent in the third quarter. This was achieved despite continued shortages of raw materials and components, which are causing longer delivery times, particularly for major projects. During the third quarter, order intake remained strong, which means that we can probably also expect a good fourth quarter.
Market developments
In
In
In our view, underlying demand will remain stable and we expect continued improvement during the fourth quarter. The order intake we experienced during the third quarter should support this. There are, however, reservations to be made concerning longer lead and delivery times which, especially in Process equipment, Technical plastic and Vibration technology, that may mean some orders are moved into the first quarter of 2022.
CEO,
For the full details, please see attached pdf-file.
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