ResultsHilding Anders has experienced strong growth during the past 10 years, mainly deriving from extensive acquisition activities. In mid-2011 by the Board of Directors initiated a change in strategic direction, which has led to multiple initiatives that CEO Anders Pettersson and his team have started implementing over the past 12 months. The Group has had a successful financial year in 2012, growing net sales by 9% and achieving an EBITDA margin of 14%. The year marked a further step change for the organisation as Russia has become the single largest market for the Group.
3 year financial development
The three year financial development mirrors the effect of the economic downturn in European markets in general while emerging markets are growing rapidly in importance for the Group. The numbers are pro forma and currency adjusted.