Organic growth in the Hanza – Swedish Dagbladet

According to interim report.

In the second quarter discontinued Hanza its plant outside Tallinn and moved production to its manufacturing plant clusters in Estonia.

“Despite settlement and the relocation of production in the quarter, showing the group a positive operating margin of just over 3 percent. it is an acknowledgment that HANZA is able to rapidly develop the group without classic, high restructuring costs. Furthermore, it is pleasing that sales increased organically during the quarter in which sales are affected, during a major relocation of production “, comments CEO Erik Stenfors.

Within Hanza acceleration program Frontrunner company has divested non-strategic factories and volumes with lower profitability, to focus on the overall commitment to counseling and complete manufacturing.

“We will therefore continue to distance ourselves from the classic contract manufacturers,” said the president.

Hanza cluster development also brings a strong cash flow when the assets are consolidated, says Erik Stenfors on.

in the second quarter, cash flow amounted to SEK 26 million.

“We can now begin to deliver on our promise of lowering debt – in the second quarter reduced our net debt by more than 15 percent, from approximately 251 million to approximately SEK 212 million, “the president.

the equity ratio increased to 35.7 percent (23.7%).

the focus in 2016 is to complete the Group’s acceleration program Frontrunner, for increased profitability and reduced debt.

Second quarter 2016

Net sales: SEK 343 mln (3019). Adjusted for acquired and divested operations and currency, organic growth amounted to 3%
Operating profit from the operational business areas: 11.4 mln (2.0)
Operating income: 10.5 mln (SEK 0.6 )
Profit after tax: SEK 3.3 mln (-3.5), corresponding to SEK 0:16 per share (-0: 42)
Cash flow from operating activities: 26.3 mln (SEK -1.4)