NCAB Group year-end report 2019

Today, we have published our year-end report for 2019. The fourth quarter continued in line with the third in terms of sales, while order intake was weaker. Despite a lower growth rate, we were able to further strengthen our earnings, leading to an increase in EBITA margin. Net sales increased 4% to SEK 422.4 million. EBITA was SEK 41.2 million representing an EBITA margin of 9.7%.

“Total sales growth in the quarter was 4 per cent in SEK, while in USD we noted slightly negative growth. Despite the economic slowdown, we are satisfied with the growth delivered in 2019 and the increase in our EBITA margin to 9.3 per cent. We are proud of acquiring two first-rate small companies, Multiprint in Denmark and Altus-PCB in the USA. Both have been properly integrated and we have already seen several synergies. We are continuing to analyse and discuss further acquisition opportunities”, comments Hans Ståhl, CEO of NCAB.

Read the full report here