Sales rose by ten percent to 2,335 million dollars.
Profitability, calculated as operating margin, rose from 8.2 percent to 9.8 percent.
Increased prices to customers counteracted inflation.
“Through aggressive price adjustments, we gradually managed to compensate for this raw material inflation and profitability was restored towards the end of the year,” writes CEO Mikael Bratt in the quarterly report.
In a forecast, he expects an organic sales increase of 15 percent in 2023.