Revenues grew organically by 9% to SEK 24,921 mn compared to SEK18,528 mn.
“We started the first quarter of 2022 with optimism, as restrictions from the covid pandemic gradually were lifted in most parts of the world,” said Stefan Widing, president and CEO. “We ended the quarter more concerned, as the geopolitical situation rapidly turned challenging with a war in Europe. Despite this, our business performance has been strong.
“It is of course impossible to not also address the war in Ukraine, which is leading to incomprehensible humanitarian consequences. In this situation, our priority has been to ensure the safety of our employees, and it has been good to see the strong engagement across the organization to assist in our efforts. On February 28th we paused our business activities in Russia to assess the very complex and rapidly changing regulatory landscape, and we are continuing to assess how to act in the most responsible way.”
