Profitability, financial position and cash flow
The return on equity at the end of the financial year 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 76 percent (68).

At the end of the financial year the equity ratio amounted to 38 percent (39). Equity per share, excluding non-controlling interest, totalled SEK 24.55 (22.15). The Group's net debt at the end of the financial year amounted to SEK 5,018 million (4,427), excluding pension liabilities of SEK 262 million (241). The net debt/equity ratio, calculated on the basis of net debt excluding provisions for pensions amounted to 0.7 (0.7).

Cash and cash equivalents consisting of cash and bank equivalents and approved but non-utilised credit facilities amounted to SEK 2,472 million (2,167) at 31 March 2025.

Cash flow from operating activities amounted to SEK 2,709 million (2,575) during the financial year. Company acquisitions and disposals including settlement of contingent consideration regarding acquisitions implemented in previous years amounted to SEK 1,602 million (1,303). Investments in non-current assets totalled SEK 232 million (188) and disposal of non-current assets amounted to SEK 36 million (9). Repurchase of call options amounted to SEK 80 million (41). Exercised and issued call options totalled SEK 46 million (50). Dividend paid to the shareholders of the Parent Company totalled SEK 755 million (674), corresponding to SEK 2.80 (2.50) per share. The dividend was paid out in the second quarter.

Employees
At the end of the financial year, the number of employees was 4,470 compared to 4,175 at the beginning of the financial year. During the financial year, completed acquisitions resulted in an increase of the number of employees by 325. The average number of employees in the latest twelve month period was 4,341.

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

Addtech has four outstanding call option programmes for a total of 2,185,355 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

During the period, 1 April to 31 December 2024 the following acquisitions were completed; Romani Components Srl, Italy, was acquired to become part of the Automation business area. Nuova Elettromeccanica Sud S.p.A., Italy, and Unilite A/S, Denmark, were acquired to become part of the Energy business area. Novomotec GmbH, Germany, Cell Pack Solutions Ltd., Great Britain, and Nanosystec GmbH, Germany, were acquired to become part of the Electrification business area. GoDrive AS, Norway, and C. Gunnarssons Verkstads AB, Sweden, were acquired to become part of the Industrial Solutions business area. Analytical Solutions and Products B.V., Netherlands, and PGS Tec GmbH, Germany, were acquired to become part of the Process Technology business area. 

On 15 January, Coel Motori S.r.l., Italy, was acquired to become part of the Industrial Solutions business area. Coel is a manufacturer and supplier of electric break motors and patented brake modules for industrial applications in the European market. Coel has 24 employees and sales of around EUR 8 million.

On 14 February, 80 percent of the shares in ROSHO Automotive Solutions GmbH, Germany, was acquired to become part of the Industrial Solutions business area. ROSHO designs and configures innovative safety and assistance systems based on camera technology. The products and systems are sold under the ROSHO brand to vehicle manufacturers, mainly in the public transport segment, on the European market. ROSHO has 24 employees and a sales of around EUR 13 million. 

The purchase price allocation calculations for the acquisitions completed during the period 1 April 2023 - 31 March 2024 have now been finalised. No significant adjustments have been made to the calculations. Acquisitions completed as of the 2023/2024 financial year are distributed among the Group’s business areas as follows:

If all acquisitions which have taken effect during the financial year had been completed on 1 April 2024, their impact would have been an estimated SEK 1,650 million on Group net sales, about SEK 210 million on operating profit and about SEK 145 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 financial year, the discounted value amounts to SEK 230 million. The contingent purchase considerations fall due for payment within three years and the outcome is subject to a maximum of SEK 277 million. 

Transaction costs for acquisitions that resulted in an ownership transfer during the financial year amounted to SEK 24 million (26) and are reported under Selling expenses.

Revaluation of contingent consideration had a positive net effect of SEK 11 million (15) during the financial year. 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 financial year:

Parent Company
Parent Company's net sales during the financial year amounted to SEK 112 million (95) and profit after financial items was SEK 806 million (687). Net investments in non-current assets were SEK 0 million (0). The Parent Company's financial net assets was SEK 648 million (-189) at the end of the financial year.