“2021/22 has been a good year for Norditek. Despite temporary, global supply chain issues during Q3 and Q4, we increased annual revenue to 72 MSEK (a pro forma increase of approximately 2.9 percent) compared to the previous year. The global delivery issues have resulted in a reduction in invoicing for the fiscal year of approximately 20 MSEK. However, as far as we can tell, the delays have not affected future order intake. We are exceeding our financial profitability target by a wide margin. Our Profitability stands at 18.5 percent compared to the financial target of 17 percent (EBITA margin). We are entering the next fiscal year with the largest order backlog in the Company’s history. The order backlog is more than three times as large as it was at the same time last year. This points to a return to strong growth next year, as we expect the problems in global supply chains to subside. We look forward to another exciting fiscal year with a return to significant profitable growth. “We will continue to work with our customers to improve circularity in society,” says Daniel Carlberg, President and CEO, Norditek Group AB, Gothenburg, October 25, 2022
Read the full report in the attached pdf.
This information is information that Norditek Group AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, on October 25, 2022.
The shares in Norditek Group AB are traded on Nasdaq First North Growth Market. Certified Adviser is Partner Fondkommission AB with e-mail address info@partnerfk.se and telephone number +46 31 761 22 30.
For further information, please contact
Daniel Carlberg, President and CEO, Norditek Group AB
daniel.carlberg@norditek.se
070-219 04 91