Profitability, financial position and cash flow
The return on equity at the end of the period was 29 percent (28) and return on capital employed was 22 percent (22). Return on working capital P/WC (EBITA in relation to working capital) amounted to 77 percent (71).

At the end of the period the equity ratio amounted to 41 percent (39). Equity per share, excluding non-controlling interest, totalled SEK 26.95 (24.30). The Group's net debt at the end of the period amounted to SEK 5,022 million (4,535), excluding pension liabilities of SEK 264 million (246). The net debt/equity ratio, calculated on the basis of net debt excluding provisions for pensions amounted to 0.6 (0.7).

Cash and cash equivalents consisting of cash and bank equivalents and approved but non-utilised credit facilities amounted to SEK 3,163 million (1,762) at 30 June 2025. During the period, additional credits totalling SEK 600 million were granted. As a result, Addtech had a total credit framework of SEK 6,400 million (4,800) as of 30 June 2025.

Cash flow from operating activities amounted to SEK 477 million (602) during the period. Company acquisitions and disposals including settlement of contingent consideration regarding acquisitions implemented in previous years amounted to SEK 258 million (445). Investments in non-current assets totalled SEK 35 million (76) and disposal of non-current assets amounted to SEK 1 million (13). Repurchase of call options amounted to SEK 2 million (10) and exercised call options totalled SEK 6 million (10).

Employees
At the end of the period, the number of employees was 4,585 compared to 4,470 at the beginning of the financial year. During the period, completed acquisitions resulted in an increase of the number of employees by 80. The average number of employees in the latest twelve month period was 4,427.

Ownership structure
At the end of the period the share capital amounted to SEK 51.1 million.

Addtech has three outstanding call option programmes for a total of 2,140,335 shares. Call options issued on repurchased shares entail a dilution effect of about 0.2 percent during the latest twelve month period. Addtech's own shareholdings fully meet the needs of the outstanding call option programmes.

Acquisitions and disposal
On 1 April, AMP Power Protection Ltd., Great Britain, was acquired to become part of the Electrification business area. AMP develops, supplies and supports rugged Uninterruptible Power Supplies (UPS) and Power Protection systems for harsh environments to the defence, marine and transport industries. The company has 20 employees and sales of around GBP 5 million.

On 1 April, 90 percent of the shares in Novatech Analytical Solutions Inc., Canada, was acquired to become part of the Process Technology business area. Novatech is a leading supplier of analytical instrumentation, engineered systems and services including the measurement of gases and liquids for process, environmental and ambient detection - primarily to Canadian customers within the process and energy segments. The company has 60 employees and sales of around CAD 34 million.

The purchase price allocation calculations for the acquisitions completed during the period 1 April - 30 June 2024 have now been finalised. No significant adjustments have been made to the calculations. Acquisitions completed as of the 2024/2025 financial year are distributed among the Group’s business areas as follows:

All acquisitions which have taken effect during the period were completed on 1 April 2025, and have affected the Group's net sales by approximately SEK 85 million, SEK 10 million on operating profit and SEK 7 million on profit after tax for the period.

Addtech normally employs an acquisition structure comprising basic purchase consideration and contingent consideration. The outcome of contingent purchase considerations is determined by the future earnings reached by the companies and is subject to a fixed maximum level. Of considerations not yet paid for acquisitions during the period, the discounted value amounts to SEK 58 million. The contingent purchase considerations fall due for payment within two years and the outcome is subject to a maximum of SEK 66 million. 

Transaction costs for acquisitions that resulted in an ownership transfer during the period amounted to SEK 7 million (10) and are reported under Selling expenses.

Revaluation of contingent consideration had a positive net effect of SEK 17 million (-6) during the period. The impact on profits is reported under Other operating income and Other operating expenses, respectively.

According to the preliminary acquisitions analyses, the assets and liabilities included in the acquisitions were as follows, during the period:

Parent Company
Parent Company's net sales during the period amounted to SEK 29 million (28) and profit after financial items was SEK -18 million (2). Net investments in non-current assets were SEK 0 million (0). The Parent Company's financial net assets was SEK 831 million at the end of the period (571).