HANZA: Interim report January-March 2024
HANZA: Interim report January-March 2024 |
[07-May-2024] |
KISTA, Sweden, May 7, 2024 /PRNewswire/ -- HANZA reports a slowdown in the economy, which has been responded to with an efficiency program. This, combined with a recently completed acquisition and new sales activities, means that both growth and margins are expected to increase. The Board decided in the quarter to increase the financial targets for 2025. At the same time, HANZA's strong financial position opens up for opportunities for further acquisitions. First quarter 2024
CEO Erik Stenfors comments on the report: "In the beginning of the quarter, we completed the acquisition of Orbit One. It is an important and valuable addition to the HANZA Group that increases our future potential, by further strengthening our offer, adding new competence, and broadening our customer base. As we have previously described, some sales volumes declined in early 2024, which affects our margin negatively. That is why we acted swiftly with an extensive efficiency program, while implementing a range of sales activities focused on our supply chain optimization offering. The acquisition and the efforts mean we are optimistic about the future. The integration is running smoothly and our new sales activities, together with the broader customer base, will boost our growth. The efficiency program will strengthen our margins during the year. In addition, our strong financial position opens up for new opportunities, including more value-creating acquisitions." For further information please contact: Lars Åkerblom, CFO This information was brought to you by Cision http://news.cision.com https://news.cision.com/hanza-ab/r/hanza--interim-report-january-march-2024,c3974350 The following files are available for download:
View original content:https://www.prnewswire.co.uk/news-releases/hanza-interim-report-januarymarch-2024-302137688.html | ||||||
Company Codes: Bloomberg:HANZA@SS, ISIN:SE0005878543, RICS:HANZA.ST, Stockholm:HANZA |