Second quarter 2022
- Net revenue increased by 81% to SEK 1,050 million (575). Organic growth was 5%.
- Adjusted EBITA increased to
SEK 168 million (103), corresponding to a margin of 16.1% (18.0). - Profit for the period totalled
SEK 100 million (26) and earnings per share, basic and diluted, amounted toSEK 0.75 (1.15). Adjusted earnings per share, basic and diluted, totalledSEK 0.76 (1.50). - Cash flow from operating activities increased to
SEK 199 million (53).
First half 2022
- Net revenue increased by 74% to SEK 1,805 million (1,032). Organic growth was 6%.
- Adjusted EBITA increased to
SEK 255 million (176), corresponding to a margin of 14.2% (17.1). - Profit for the period increased to
SEK 133 million (58) and earnings per share, basic and diluted, amounted toSEK 0.99 (2.48). Adjusted earnings per share, basic and diluted, totalledSEK 1.07 (2.94). - Cash flow from operating activities increased to
SEK 276 million (164).
Significant events during the second quarter
- On 1 April, the acquisition was completed of
GlassCo S.A. , owner of “ExpressGlass”, which operates a vehicle glass repair and replacement business inPortugal . - On 4 May, the acquisition was completed of
Charles Pugh Holdings Ltd , which operates a vehicle glass repair and replacement business in theUK . - On 29 June,
CVC Fonder and Nordic Capital , throughTeniralc BidCo AB (“Teniralc”), announced a public cash offer to the shareholders ofCary Group Holding AB (publ) to transfer all of the shares inCary Group to Teniralc for a cash sum ofSEK 65 per share. The independent members of Cary Group’s Board of Directors have been appointed the bid committee, which will publish its opinion on the offer no later than 8 August, i.e. two weeks before the closing date of the acceptance period for the bid. The independent bid committee has appointed financial and legal advisers and will also obtain an independent fairness opinion.
“The second quarter, which is seasonally Cary Group’s strongest, developed very well, with high levels of business activity and good underlying growth. Demand was particularly strong at our newly acquired companies in
Presentation of the report
A conference call for investors, analysts and financial media will be held at
You can follow the conference via https://tv.streamfabriken.com/cary-group-q2-2022.
A recording of the conference call will be available afterwards at www.carygroup.com.
Dial-in details for the conference call:
SE: +46 8 566 427 05
US: +1 646 722 49 03
This information is such that
For more information, please contact:
Tel: +46 708 684 050
E-mail: helene.gustafsson@carygroup.com
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