Friday, 15 July 2011

Addtech AB second quarter of 2011

Technology trading company Addtech AB’s (STO: ADDT B) second quarter revenue increased 22 per cent to 1.235 billion SEK and operating profit climbed to 112 million kronor. ROE printed at 31 per cent and equity ratio is a solid 42 per cent.

The stock has gained around half a percent in today's session 15 minutes before close. . Addtech is Northern Europe focused firm that develops and sells high-tech components and systems to industrial companies and to the service industry. The quarterly report is available here.

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