Correction regards the reference to the Market Abuse Regulation in the foot note of this press release
HANZA Holding AB (publ), listed on Nasdaq Stockholm, today publishes its year-end report for 2021, which shows strong organic growth and increased profitability. Furthermore, the company carried out its largest expansion program to date with investments, acquisitions and activities aimed at developing the Group for continued growth.
CEO Erik Stenfors comments the report
"It has been a successful year, despite the fact that we struggled with material shortages and covid-related absences. Our organic growth increased during the year: It amounted to 12% for the full year 2021 and to 30% for the fourth quarter. Our operating profit for the full year has tripled."
"It was also an eventful year. To meet an increasing demand, we carried out our largest expansion program to date, which includes machinery investments, increased production facilities and two acquisitions."
"The beginning of the year 2022 is similar to the previous year. That is, we experience waves of sick leave due to omicron, as well as material shortages. But the challenges seem to be diminishing, and HANZA is well prepared for continued growth. Therefore, we estimate that 2022 will be another successful year where we can grow with increased profitability."
This disclosure contains information that Hanza Holding AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on February 15 at 07:30 am CET.
This information was distributed by Cision http://www.cisionwire.se/