Note 5

Segment reporting

 

The division into business areas reflects Addtech’s internal organisation and reporting system. Addtech reports its business areas as operating segments. Until 31 March 2019, Addtech was organised into four business areas: Components, Energy, Industrial Process and Power Solutions. From the beginning of the new financial year, the Group has implemented a reorganisation, establishing a fifth business area. The new business area, Automation, has been created by splitting the Components business area.

 

This organisational change is intended increase the potential for growth and efficiency among the companies, by allowing them to more readily benefit from one another’s networks and experience. The split into Components and Automation, allows Addtech to benefit more efficiently from continued industrial development and to create further opportunities for value-generating acquisitions, strengthening Addtech’s market positions in selected market segments. The reorganisation also opens up career paths for additional key individuals within Addtech.

 

Automation

Automation markets and sells intelligent solutions, subsystems and components to, for example, industrial automation and infrastructure, including solutions for robotics, control systems, sensors, industrial networks and communication networks.

 

Components

Components markets and sells components and sub-systems within mechanics, electromechanics, hydraulics and electronics. Customers mainly operate within the Nordic manufacturing industry.

 

Energy

Energy markets and sells products for the transmission and distribution of electricity, as well as products in the areas of electrical safety, electrical installation and connection technology. Its customers mainly operate in the energy and electrical installation market via specifiers and electricity wholesalers.

 

Industrial process

Industrial Process markets and sells solutions, sub-systems and components, often under proprietary brands, helping optimise industrial processes and flows. Customers operate mainly in the northern European manufacturing and processing industries.

 

Power solutions

Power Solutions develops, markets and sells components and systems solutions that safeguard power supply, as well as steering and controlling movements or energy flows. Customers operate mainly within special vehicles, energy, electronics and telecom. The business area has strong proprietary brands and niche production.

 

According to new organisation as of 1 April 2019 

Net sales
SEKm 2018/2019 2017/2018
Automation 1,946 1,467
Components 1,960 1,535
Energy 2,357 1,846
Industrial Process 2,305 1,677
Power Solutions 1,597 1,510
Group items -17 -13
Addtech Group 10,148 8,022
EBIT
SEKm 2018/2019 2017/2018
Automation 146 111
Components 191 121
Energy 196 174
Industrial Process 198 127
Power Solutions 194 170
Group items -15 -2
Operating profit 910 701
Financial income and expenses -45 -36
Profit after financial items 865 665
Data by operating segment 2018/2019 2017/2018
Net sales External Internal Total External Internal Total
Components 3,899 5 3,904 2,997 4 3,001
Energy 2,356 1 2,357 1,845 1 1,846
Industrial Process 2,298 7 2,305 1,671 6 1,677
Power Solutions 1,595 2 1,597 1,509 1 1,510
Parent Company and Group items - -15 -15 -12 -12
Total 10,148 0 10,148 8,022 0 8,022
2018/2019 2017/2018
Operating profit/loss, assets and liabilities Operating profit /loss Assets 1) Liabilities 1) Operating profit /loss Assets 1) Liabilities 1)
Components 337 2,536 613 232 2,008 461
Energy 196 1,550 405 174 1,213 296
Industrial Process 198 1,372 504 127 914 309
Power Solutions 194 1,083 245 170 1,007 215
Parent Company and Group items -15 504 2,758 -2 377 2,107
Operating profit/loss, assets and liabilities 910 7,045 4,525 701 5,519 3,388
Finance income and expenses -45 -36
Profit after financial items 865 665
1) Does not include balances in Group accounts or financial transactions with Group companies.
2018/2019 2017/2018
Investments in non-current assets Intangible 1) Property, plant and equipment 1) Total Intangible 1) Property, plant and equipment 1) Total
Components 1 20 21 3 14 17
Energy 0 12 12 1 11 12
Industrial Process 2 25 27 1 9 10
Power Solutions 1 12 13 0 13 13
Parent Company and Group Items 2 1 3 0 1 1
Total 6 70 76 5 48 53
1) The amounts do not include the effects from acquisitions.
Depreciation/amortisation of non-current assets Intangible Property, plant and equipment Total Intangible Property, plant and equipment Total
Components -74 -13 -87 -52 -11 -63
Energy -49 -12 -61 -42 -10 -52
Industrial Process -20 -15 -35 -15 -12 -27
Power Solutions -30 -11 -41 -27 -8 -35
Parent Company and Group Items 0 -2 -2 -1 -2 -3
Total -173 -53 -226 -137 -43 -180
Significant profit or loss items, other than depreciation or amortisation, not matched by payments in 2015/2016 Capital gains Change in pension liability Other items Total
Components 0 2 12 14
Energy -1 2 -8 -7
Industrial Process 0 - 10 10
Power Solutions 0 1 -2 -1
Parent Company and Group Items 0 -3 -4 -7
Total -1 2 8 9
Data by country 2018/2019 2017/2018
Net sales, external Assets 1) Of which non-current assets Net sales, external Assets 1) Of which non-current assets
Sweden 3,085 2,630 1,260 2,694 2,170 1,071
Denmark 1,528 1,358 620 1,247 964 446
Finland 1,221 864 369 985 623 252
Norway 1,584 1,035 521 1,137 908 511
Other countries 2,730 942 453 1,959 744 392
Parent Company, Group items and unallocated assets 216 0 110 -2
Total 10,148 7,045 3,223 8,022 5,519 2,670
1) Does not include Group account balances and financial assets. External net sales are based on the customers' location, and the carrying amounts of assets are based on where the assets are located.
Investments in non-current assets Intangible Property, plant and equipent Total Intangible Property, plant and equipent Total
Sweden 3 27 30 2 26 28
Denmark 0 3 3 1 3 4
Finland 2 22 24 2 5 7
Norway 0 6 6 0 4 4
Other countries 1 12 13 0 10 10
Total 6 70 76 5 48 53

The Group has no single customer from whom income accounts for 10 percent of total revenue, for which reason there is no related reporting.

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