CEO Leif Bergvall Hansen comments on the fourth quarter and year-end report
A year with strong growth and improved results.
In 2019 we experienced strong growth and improved results with net sales growing by 12 percent to MSEK 9,891 and adjusted EBIT growing by 19 percent to MSEK 454. In the fourth quarter our top line increased by 12 percent, to MSEK 2,420, compared to last year, and we report an adjusted EBIT at the same level as previous year of MSEK 104.
We continue to see a strong demand for our products in all our markets. During 2019 our top line growth has been inflated due to the successful implementation of price increases to mitigate corresponding increases in raw material costs, but our underlying growth still remains strong and higher than the average organic growth of approximately 6-7 percent annually demonstrated in recent years. This is driven by a good mix between market growth, increased market share and a more favourable product portfolio driving price realization. I am particularly pleased to report a strong volume growth for the year of 6 percent.
Leif Bergvall Hansen,
Managing Director and CEO Scandi Standard