Interim report for January – September 2022
STRONG ORDER INTAKE AND INCREASED GROSS MARGIN
STRONG ORDER INTAKE AND INCREASED GROSS MARGIN
Financial development Q2 2022 Net sales increased by 46% to SEK 118.5 million (81.3). Gross margin amounted to 49% (48). Adjusted EBITDA amounted to SEK -9.6 million (-2.3), equivalent to an adjusted operating margin of -8.1% (-2.8). Operating profit (EBIT) amounted to SEK -15.0 million (-10.5) including non-recurring items of SEK 0.0 million (-3.4). Order…
MilDef, a global provider of tactical IT, will provide technology to a Norwegian defense vehicle program with deliveries 2022-2023. This is a follow-up order on an existing program and a mid-life upgrade of armored vehicles in the M113 series. The customer is NDMA, Norwegian Defense Materiel Agency.
The order, awarded through a global US defense company, is the biggest deal to date in USA for tactical IT. The order value is more than 50 MSEK and deliveries will take place during the second half of 2022.
BAE Systems Hägglunds, a world-leading developer and supplier of tracked vehicles for defence and emergency services, has given MilDef the confidence to deliver communications equipment with a total order value of SEK 18 million. Deliveries will take place starting in 2022.
With the aim to strengthen MilDef Sweden and the integration company Defcon Solutions acquired in 2021, MilDef Business Unit Sweden is now launched. This coordinates the business both in relation to government and corporate customers on the Swedish market and maximizes synergies between products, services and digitalization.