Record sales

Despite challenges in the global supply-chain, Axel Johnson International managed to achieve all-time high sales and profit in 2021. Chief Financial Officer Ola Karlsson comments on the financial year.

Record sales

Despite challenges in the global supply-chain, Axel Johnson International managed to achieve all-time high sales and profit in 2021. Chief Financial Officer Ola Karlsson comments on the financial year.

What were the milestones in 2021?
“It was a year of recovery with very strong demand from all our market segments and we managed to reach pre-pandemic volumes organically. We also made 15 acquisitions that contributed greatly to both sales and results. All-in-all, our group sales reached an all-time high of 13 billion SEK, which was 11 percent up versus 2020. Organic growth was eight percent, currency effects minus two percent and acquisitions contributed six percent. The group’s profit was 999 million SEK, which is a significant record for us thanks to all-time-high sales and great contributions from acquisitions.”

Everything points to a continued very strong market sentiment in all our segments in 2022.

Which key factors explain the group’s success?
“Our decentralised approach helped us meet the supply chain challenges well. Our local companies don’t just wait for instructions – they respond to their customers’ needs and strive to increase the value added. We continue to take market shares and prove to our customers that we are the right business partner.”

What do you expect in 2022?
“Our order backlog continued to grow throughout the year and is now at record levels across the business. Everything points to a continued very strong market sentiment in all our segments in 2022. There will still be shortage of materials and supply chain challenges, but the strong demand will continue. We also aim to increase our acquisition pace. And I’m proud to say that last year, for the first time ever, we were able to take up a loan with an Environmental Social and Governance link (ESG) where the margin is linked to how we deliver on a set of sustainability KPIs. Within the coming year, we aim to have all of our financing ESG linked.”

A billion reasons
to be proud

2021 has certainly been eventful in new and untraditional ways for Axel Johnson International. CEO Martin Malmvik summarises a year of transformation, considerable growth and outstanding results.

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Numbers in brief

Record results. All business groups performed very well, read our detailed figures for 2021.

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