According to Patria, defence material and life cycle support accounted for 92% (93%) and civilian products for 8% (7%) of the new orders. At the end of December, the Patria Group’s order stock was EUR 1,751.2 million (EUR 1,550.3 million).
The Group’s operating profit for the financial period was EUR 53.8 million, representing 8.6% of net sales (2021: EUR 61.2 million, 11.2%; 2020: EUR 40.3 million, 7.5%). The consolidated income before taxes for the financial period amounted to EUR 49.7 million (2021: EUR 56.6 million; 2020: EUR 36.7 million). The Group’s return on equity for the financial period was 15.8% (2021: 20.1%; 2020: 13.8%).
Patria Group’s net sales and profitability were at a planned level and the development of order stock was solid. Profitability for the financial year 2022 was at a strong level for the third consecutive year.
During the financial period Patria grew and evolved determinedly in line with its growth strategy launched in January. To support strategic growth, Patria adopted a renewed operational structure as of beginning of 2022. The systematic development of customer-centricity, operational efficiency and new ways of working has continued throughout the financial year, Patria said in the Annual Report 2022.