{"id":44893,"date":"2022-07-15T08:00:00","date_gmt":"2022-07-15T06:00:00","guid":{"rendered":"https:\/\/www.stille.se\/us\/mfn_news\/stille-ab-interim-report-q2-2022\/"},"modified":"2024-02-23T11:53:48","modified_gmt":"2024-02-23T10:53:48","slug":"stille-ab-interim-report-q2-2022","status":"publish","type":"mfn_news","link":"https:\/\/www.stille.se\/us\/news\/stille-ab-interim-report-q2-2022\/","title":{"rendered":"Stille AB: Interim Report Q2 2022"},"content":{"rendered":"<div class=\"mfn-preamble\"><strong>Stille AB (publ) publishes the interim report for the second quarter and first half-year of 2022. \u201dStrong growth and significantly improved profits.\u201d, summarizes Hanna Ernestam Wilkman, Stille\u2019s CEO.<\/strong><\/div>\n<p><span><span>Revenues increased by 56 percent to 63.3 MSEK (40.6) and the organic growth amounted to 14 percent with revenues of 46.1 MSEK. Operating profit increased by 72 percent 8.9 MSEK (5.2).<\/span><\/span><\/p>\n<p><span><span>Compared to the same quarter last year, business unit Surgical Instruments doubled its revenue driven by the acquired volume of S&amp;T. For the same period, business unit Surgical Tables increased sales by 25 percent.<\/span><\/span><\/p>\n<p><span><span><em>\u201dThe high demand for OR-related products continues to generate significant growth. Our continuous adjustments to price and delivery terms in combination with a stable development of OPEX, has resulted in substantially improved profitability\u201d<\/em>, says Hanna Ernestam Wilkman.\u00a0<\/span><\/span><\/p>\n<p><span><span><em>\u201dI am proud of our ability to deliver a quarter with such strong growth and profitability despite issues in the supply chain. While these challenges are expected to continue, I am very optimistic of the company\u2019s future.\u201d<\/em>, concludes Stille\u2019s CEO.<\/span><\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td nowrap=\"nowrap\"><span><span><span><span><strong><span>MSEK<\/span><\/strong><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><strong><span>apr-jun<br \/>\n\t\t\t2022<\/span><\/strong><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><strong><span>apr-jun<br \/>\n\t\t\t2021<\/span><\/strong><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><strong><span>jan-jun<br \/>\n\t\t\t2022<\/span><\/strong><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><strong><span>jan-jun<br \/>\n\t\t\t2021<\/span><\/strong><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><strong><span>jul-jun<br \/>\n\t\t\t2021\/22<\/span><\/strong><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><strong><span>jan-dec<br \/>\n\t\t\t2021<\/span><\/strong><\/span><\/span><\/span><\/span><\/span><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\"><span><span><span><span><span><span>Revenue<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td nowrap=\"nowrap\"><span><span><span><span><span><span><span>63.3<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td nowrap=\"nowrap\"><span><span><span><span><span><span><span>40.6<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span><span>124.9<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span><span>76.4<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span><span>235.6<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span><span>187.1<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\"><span><span><span><span><span><span>Gross Profit Margin, %<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td nowrap=\"nowrap\"><span><span><span><span><span><span><span>45.4<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td nowrap=\"nowrap\"><span><span><span><span><span><span><span>45.4<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span><span>45.1<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span><span>43.8<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span><span>45.1<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span><span>44.6<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\"><span><span><span><span><span><span>Operating Profit<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td nowrap=\"nowrap\"><span><span><span><span><span><span><span>8.9<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td nowrap=\"nowrap\"><span><span><span><span><span><span><span>5.2<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span><span>16.4<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span><span>9.1<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span><span>27.4<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span><span>20.1<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\"><span><span><span><span><span><span>Operating Profit, %<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td nowrap=\"nowrap\"><span><span><span><span><span><span><span>14.0<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td nowrap=\"nowrap\"><span><span><span><span><span><span><span>12.7<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span><span>13.2<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span><span>12.0<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span><span>11.6<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span><span>10.7<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\"><span><span><span><span><span><span>EBITDA<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td nowrap=\"nowrap\"><span><span><span><span><span><span><span>11.2<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td nowrap=\"nowrap\"><span><span><span><span><span><span><span>6.6<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span><span>21.0<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span><span>11.8<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span><span>42.6<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span><span>26.8<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\"><span><span><span><span><span><span>Net Income<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td nowrap=\"nowrap\"><span><span><span><span><span><span>7.8<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td nowrap=\"nowrap\"><span><span><span><span><span><span>2.7<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span>13.1<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span>6.8<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span>22.5<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span>16.1<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span>Torsh\u00e4lla, July 15th, 2022.<\/span>\u00a0<\/p>\n<p><\/p>\n<p><em>This information is such information that Stille AB is obliged to disclose according to the EU\u2019s market abuse regulation. The information was, through the agency of the contact person above, rendered for publication on July 15th, 2022, kl. 08.00 (CET).<\/em><\/p>\n<div class=\"mfn-footer\">\n<p><span><span>For more information, please contact:<\/span><\/span><\/p>\n<p><span><span><strong><span><span>Hanna Ernestam Wilkman<\/span><\/span><\/strong><br \/>\nCEO and President<br \/>\n+46 (0)72 402 10 88 | hanna.e.wilkman@stille.se<\/span><\/span><\/p>\n<\/div>\n<div class=\"mfn-footer mfn-about\">\n<p><span><span>Stille AB (publ) publ) develops, manufactures and markets medical devices for surgeons across the world. Stille was founded in 1841 and is one of the world\u2019s oldest medical device companies. Stille\u2019s main business areas are surgical instruments and c-arm tables. Stille\u2019s surgical instruments are mostly used during different kinds of open surgery. During minimal invasive procedures. the c-arm tables imagiQ2 and Medstone are key products. The company has a strong brand and products of a renowned high-quality. The share is listed on First North Growth Market under the acronym \u201cSTIL\u201d with Eminova AB as Certified Adviser, Eminova Fondkommission AB, + 46 8 684 211 10, adviser@eminova.se. For more information, visit www.stille.se.<\/span><\/span><\/p>\n<\/div>\n<script>\n                Array.prototype.slice.call(document.querySelectorAll(\".mfn-footer.mfn-attachment\")).forEach(function (el) { el.remove() });\n            <\/script>\n        <div class=\"mfn-attachments-container\"><div class=\"mfn-attachment\"><a class=\"mfn-attachment-link\" href=\"https:\/\/storage.mfn.se\/proxy\/interim-report-q2-2022-only-in-swedish.pdf?url=https%3A%2F%2Fmb.cision.com%2FMain%2F1000%2F3601593%2F1604594.pdf\"><span class=\"mfn-attachment-icon\"><img src=\"https:\/\/storage.mfn.se\/proxy\/interim-report-q2-2022-only-in-swedish.pdf?url=https%3A%2F%2Fmb.cision.com%2FMain%2F1000%2F3601593%2F1604594.pdf&type=jpg\"><\/span>Interim Report Q2 2022 (Only in Swedish)<\/a><\/div><div class=\"mfn-attachment\"><a class=\"mfn-attachment-link\" href=\"https:\/\/storage.mfn.se\/proxy\/press-release-interim-report-q2-2022.pdf?url=https%3A%2F%2Fmb.cision.com%2FPublic%2F1000%2F3601593%2F998cad6711462a1c.pdf\"><span class=\"mfn-attachment-icon\"><img src=\"https:\/\/storage.mfn.se\/proxy\/press-release-interim-report-q2-2022.pdf?url=https%3A%2F%2Fmb.cision.com%2FPublic%2F1000%2F3601593%2F998cad6711462a1c.pdf&type=jpg\"><\/span>Press Release - Interim Report Q2 2022<\/a><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Stille AB (publ) publishes the interim report for the second quarter and first half-year of 2022. \u201dStrong growth and significantly improved profits.\u201d, summarizes Hanna Ernestam Wilkman, Stille\u2019s CEO. Revenues increased by 56 percent to 63.3 MSEK (40.6) and the organic growth amounted to 14 percent with revenues of 46.1 MSEK. Operating profit increased by 72&#8230;<\/p>\n","protected":false},"template":"","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stille AB: Interim Report Q2 2022 - STILLE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.stille.se\/us\/news\/stille-ab-interim-report-q2-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stille AB: Interim Report Q2 2022 - STILLE\" \/>\n<meta property=\"og:description\" content=\"Stille AB (publ) publishes the interim report for the second quarter and first half-year of 2022. \u201dStrong growth and significantly improved profits.\u201d, summarizes Hanna Ernestam Wilkman, Stille\u2019s CEO. 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