Strong quarter and establishment of a strategic platform in
Magnus Welén, CEO
To read the word from the CEO in full, see interim report jan-march page 4-5.
The quarter in brief
- Net turnover amounted to
SEK 407.1 million (394.3), an increase ofSEK 12.8 million and 3.2 percent. Approximately 40 percent of the growth was organic and the remainder came from acquisitions made in 2023. -
Operating profit EBITA* amounted to
SEK 53.5 million (59.7), yielding an operating margin of 13.2 percent (15.1). The quarter was one working day shorter than last year, which had a negative impact on EBITA* of approximatelySEK 5 million . -
Operating profit EBIT amounted to
SEK 44.2 million (57.8), yielding an operating margin of 10.9 percent (14.7). EBIT has been affected by acquisition-related items withSEK 9,2 million (1,8). -
Profit after tax amounted to
SEK 33.3 million (41.8). -
Profit per share before dilution was
2.56 SEK (3.20) and after dilution was2.54 SEK (3.18). -
The cash flow from operating activities amounted to
SEK 27.1 million (22.8).
* The definitions of EBITDA and EBITA have been adjusted to improve the analysis of the operational performance between periods. Acquisition-related items and depreciation of intangible assets are no longer included in EBITDA and EBITA. Depreciation of acquisition-related intangible assets, as well as revaluation and present value calculation of contingent purchase consideration, have no impact on EBITDA and EBITA as before.
Significant events
- In April,
Prevas signed an agreement to acquire approximately 92 percent of the shares in the Finnish companyNMAC Group Oy , the parent company of theEnmac Group ("Enmac"). Enmac has a strong position in the Finnish market in growth areas such as energy, industrial automation and process industry, with approximately 200 employees and a turnover ofEUR 23 million in 2023. The acquisition, which isPrevas ' first inFinland , establishes a Nordic group with operations inSweden ,Norway ,Denmark andFinland . The acquisition enables future market synergies and is in line withPrevas 's growth strategy. The acquisition is subject to regulatory approval, which may take up to 4 months. The acquisition is expected to be completed in the third quarter of 2024. For more information about the acquisition, see the press release on www.prevas.se.
-
Uddeholm, the world's leading manufacturer of tool steel for industrial tools, has commissioned
Prevas to implement new Manufacturing Execution Systems (MES) for three production sections at the factory in Hagfors. The new systems will optimize Uddeholm's operations and future-proof the company's operational processes, which is crucial to maintaining competitiveness in a rapidly evolving industry.
Prevas AB's Annual and Sustainability report and compensation report for the 2023 financial year is available on the company's website prevas.se.
Presentation of
The presentation is given in English by Magnus Welén (CEO) and Helena Burström (CFO) from
This information is such that
For more information, contact
Magnus Welén, President & CEO,
Helena Burström, CFO,
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