STOCKHOLM, June 20, 2022 /PRNewswire/ -- HANZA AB (publ) expects sales for the second quarter to exceed SEK 850 million (634) with an operating profit of over SEK 50 million (40.4).
Despite continued material shortages, HANZA expects the second quarter to develop strongly. This is due to a combination of high demand and a successful expansion program that will be completed in the current year.
Analysts who follow the company estimate on average that sales for quarter two will be around SEK 788 million with an operating profit (EBITA) of around SEK 46 million. The company expects sales for quarter two to exceed SEK 850 million with an operating profit (EBITA) above SEK 50 million. The company sees margin growth in the segment Other Markets, while segment Main Markets continues to show strong margins.
This constitutes all-time-high sales and earnings during a quarter. Accumulated 12 months ("rolling 12") sales are thus expected to reach approximately SEK 3 billion with operating profit exceeding SEK 170 million.
HANZA's interim report for the second quarter will be published on July 26, 2022.
This disclosure contains information that HANZA AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 20-06-202210:11 CET.
For further information please contact:
Erik Stenfors, CEO, Tel: +46-709 50 80 70, e-mail: erik.stenfors@hanza.comLars kerblom, CFO, Tel: +46-707 94 98 78, e-mail: lars.akerblom@hanza.com
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/hanza-ab/r/hanza-continues-to-develop-strongly-in-the-second-quarter,c3588328
The following files are available for download: