Hexatronic Group AB (publ)
556168-6360
Press release 29 may 2017
Hexatronic presents financial information for calendar year 2016
At the annual general meeting on 15 december 2016 in the Hexatronic Group AB (publ), the meeting decided on the change of the fiscal year to comprise the period 1 January to 31 december.
As part of the transition from the broken financial year to a calendar year fiscal year, the company has decided to present the financial information for calendar year 2016 consisting of balance sheet, income statement, cash flow statement and key ratios.
Gothenburg 29 may 2017
Henrik Larsson Lyon
CEO Hexatronic Group
For any questions, please contact:
-
Henrik Larsson Lyon, CEO Hexatronic Group, 070-650 34 00
-
Lennart Sparud, CFO Hexatronic Group, 070-558 66 04
Hexatronic Group AB (publ)
is a group of companies that develops, markets and delivers products, components and system solutions with a main focus on the fiber-optic market. Hexatronic offers a wide range of innovative systems and product solutions for the infrastructure, primarily within the passive fibre optics with global brands such as
Ribbonet® and Micronet(TM), Drytech(TM), Lightmate®, FibreHub(TM), Matrix, DCIO(TM), Basic Broadband(TM) and Wistom®
. Hexatronic has its registered office in Gothenburg, Sweden and has companies in Sweden, Norway, Finland, the united kingdom, China, New Zealand and the united states.
The group is listed on Nasdaq Stockholm under the ticker HTRO. For more information, see
www.hexatronicgroup.com
.
The group’s income statement (KSEK)
The period
The period
160101
150901
161231
160831
Operating income
Sales
1 032 342
890 896
Other operating income
6 100
7 788
1 038 442
898 684
Operating expenses
Raw materials and goods for resale
-581 762
-507 235
Other external costs
-140 032
-126 657
Personnel costs
-204 227
-180 879
Other operating expenses
-2 597
-2 597
Operating income before depreciation and amortization
109 823
81 317
Depreciation of tangible and intangible fixed assets
-21 041
-18 411
Operating profit
88 782
62 906
Profit from financial items
Financial income
0
131
Financial expenses
-18 998
-7 929
Profit after financial items
69 784
55 108
Income tax
-15 674
-13 006
The end result
54 110
42 102
For the year attributable to:
The parent company’s shareholders
54 110
42 102
Earnings per share
Earnings per share before dilution (SEK)
1,59
1,26
Earnings per share after dilution (SEK)
1,50
1,19
Consolidated statement of comprehensive income (KSEK)
The period
The period
160101
150901
161231
160831
The end result
54 110
42 102
Items that may later be reversed in the income statement
Translation differences
1 157
-479
Other comprehensive income for the period
1 157
-479
The period total comprehensive income
55 267
41 623
For the year attributable to:
The parent company’s shareholders
55 267
41 623
Consolidated balance sheet (KSEK)
2016-12-31
2016-08-31
Assets
Non-current assets
Intangible assets
113 291
93 055
Tangible fixed assets
80 156
80 505
Financial assets
289
288
Total non-current assets
193 736
173 848
Current assets
Inventories
206 994
198 115
Short-term receivables
Accounts receivable
196 082
167 620
Current tax assets
0
660
Other receivables
10 664
2 361
Prepaid expenses and accrued income
10 227
11 504
Total short-term receivables
216 974
182 145
Cash and cash equivalents
39 588
51 051
Total current assets
463 556
431 311
Total assets
657 292
605 160
Consolidated balance sheet (KSEK)
2016-12-31
2016-08-31
Equity
Shareholders ‘ equity attributable to Parent company’s shareholders
The share capital of the
1 807
1 684
Other paid-in capital
182 924
165 803
Reserves
-158
-807
Retained earnings including comprehensive income for the period
145 774
134 161
Equity
330 347
300 841
Long-term liabilities
Liabilities to credit institutions
88 509
50 141
Deferred tax
31 627
29 986
Total long-term liabilities
120 136
80 127
Current liabilities
Liabilities to credit institutions
5 532
0
Overdraft facilities
20 277
0
Accounts payable
104 327
102 456
Provisions
5 000
5 000
Current tax liabilities
3 948
0
Other liabilities
21 861
79 798
Accrued expenses and deferred income
45 864
36 938
Total current liabilities
206 808
224 192
Total shareholders ‘ equity, provisions and liabilities
657 292
605 160
Assets pledged as collateral
Shares in subsidiaries
210 913
184 319
Other pledged assets
57 166
97 166
Contingent liabilities
No
No
Consolidated cash flow statement (KSEK)
The period
The period
160101
150901
161231
160831
Operating profit
88 782
62 906
Non-cash items
-413
7 441
Interest received
0
131
Received interest
-1 279
-1 311
Paid income tax paid
-13 375
-23 458
Cash flow from operating activities before changes in working capital
73 716
45 709
Increase (-) /decrease (+) in inventories
-24 124
-9 476
Increase (-)/decrease (+) in trade receivables
-33 208
-25 763
Increase (-)/decrease (+) in operating receivables
-7 392
-7 611
Increase (+) /decrease (-) in accounts payable
23 158
27 419
Increase (+)/decrease (-) in operating liabilities
2 349
26 495
Cash flow from changes in working capital
-39 218
11 064
Cash flow from operating activities
34 498
56 773
Investing activities
Acquisition of intangible and tangible fixed assets
-29 018
-28 504
Acquisition of subsidiaries after deductions for acquired cash and cash equivalents
-50 114
-36 675
Cash flow from Investing activities
-79 132
-65 180
Financing activities
Loans
77 373
20 140
Repayment of loans
-3 333
-9 999
Change of bank overdraft facility
5 886
0
Net new issues
11 187
3 370
Dividends paid
-10 392
0
Cash flow from Financing activities
80 721
13 511
Net cash flow
36 087
5 104
Cash and cash equivalents at beginning of period
3 502
45 947
Cash and cash equivalents at end of period
39 588
51 051
The group’s key ratios
The period
The period
160101
150901
161231
160831
EBITDA-margin
10,6%
9,1%
Operating margin
8,6%
7,1%
Equity / assets ratio
51,9%
49,7%
Earnings per share before dilution (SEK)
1,59
1,26
Earnings per share after dilution (SEK)
1,50
1,19
Net sales per employee (SEK in thousands)
3 520
3 300
Result per employee (SEK in thousands)
185
56
The quick ratio
1,3
1,1
Average number of employees
293
270
Number of shares at period end before dilution
36 140 785
33 677 240
The average number of shares before dilution
34 087 733
33 387 391
The average number of shares after dilution
36 103 801
35 273 102
For definitions of key ratios, see Annual report for 2015/16.
The key figures presented are deemed essential to describe the group’s development, then the one hand, they constitute the group’s
financial goals (Net sales growth, EBITDA margin, equity Ratio) and are, firstly, the key performance indicators the group is governed.
A number of key performance indicators deemed relevant for investors, t.ex. earnings per share and number of shares. Other key ratios
is presented to provide different perspectives on how the group developed and is therefore deemed to be for the benefit of the reader.
The average number of shares have been restated for the bonus element in a rights issue.
2017-05-29 Hexatronic presents the financial information for the year 2016
