AVTECH Sweden AB (publ) Interim report January – September 2022
FINANCIAL KEY FIGURES FOR THE PERIOD
2022 | 2022 | 2021 | |
MSEK | Quarter 3 | Quarter 2 | Quarter 3 |
Net sales (sales) | 5.7 | 5.5 | 3.4 |
Operating profit before depreciation | +3.1 | +2.3 | +1.0 |
Net profit | +2.2 | +1.4 | +0.2 |
Net profit per share, SEK | +0.039 | +0.025 | +0.004 |
Cash flow | +1.7 | +1.1 | +0.7 |
Money and cash equivalents | 12.5 | 10.8 | 9.8 |
Justice | 29.4 | 27.2 | 25.0 |
Equity per share, SEK | 0.52 | 0.48 | 0.44 |
Equity ratio, % | 92.2% | 90.6% | 90.1% |
- Sales for the third quarter increased 4.3% compared to the previous quarter and 66.3% compared to Q3 2021 thanks to new contracts at the beginning of the year, increased flights and a rising dollar.
- Continued growth in net profit which increased by 55.6% since the previous quarter and 927.6% compared to Q3 2021 thanks to increased sales, reduced personnel costs during the holiday season and foreign exchange gains. Corrections of previously paid employer contributions to
Tax Agency for the periodNovember 2020 toOctober 2021 has reduced personnel costs by SEK 0.3 million. - Cash flow increased in the third quarter by 52.1% from the previous quarter and 149.5% compared to the third quarter of 2021, mainly thanks to increased customer payments. Liquidity has also been positively affected by the repayment of employer contributions of SEK 0.3 million from the tax authority.
Financial reports are available at www.avtech.aero/report.
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