Stable results and strong cash flow in the quarter
Fourth quarter 2023
- Net sales increased by 8.0 percent to
- Organic growth adjusted for calendar effects was 5.9 percent (11.3)
- EBITA, excl. items affecting comparability, was
- EBITA margin, excl. items affecting comparability, was 8.4 percent (8.8)
- EBITA totalled
- EBITA margin was 7.6 percent (8.5)
- EBIT (operating profit) amounted to
- Basic earnings per share:
January-
- Net sales increased by 14.5 percent to
- Organic growth adjusted for calendar effects was 10.2 percent (8.1)
- EBITA excl. items affecting comparability was
- EBITA margin, excl. items affecting comparability, was 7.5 percent (8.0)
- EBITA totalled
- EBITA margin was 7.2 percent (7.3)
- EBIT (operating profit) amounted to
- Basic earnings per share:
- The Board of Directors proposes a dividend of
COMMENTS BY THE CEO
The fourth quarter shows a positive development with good growth, stable results and strong cash flow. The ongoing improvement programme in Infrastructure is proceeding according to plan.
There is a general good demand for our expertise in the market, especially within the energy sector. Within the industry sector, we experience a mixed market with strong demand in several segments, while we see delayed decision processes for major investment projects in the pulp & paper segment. Demand in the real-estate segment remains weak.
Net sales amounted to
EBITA, excluding items affecting comparability, amounted to
The Infrastructure Division improved its results compared to the previous year, mainly driven by a higher utilisation rate. The ongoing improvement programme goes according to plan, and we executed planned redundancies during the quarter and further reduced office space. The quarter was a step in the right direction, and we are continuing our efforts to improve profitability in the division.
The Industrial & Digital Solutions Division reported weak results in the quarter following a project write-down, but also due to postponed and cancelled projects in some segments, such as telecom and IT. Focus for the division is to improve the utilisation rate and on strengthening the position in segments where we see continued strong demand, for example the automotive and defence industry.
In line with our strategy and ambition to be a leading partner in the sustainable transformation, we have entered several new exciting customer assignments. In the quarter, we want to highlight the collaboration with
In 2023 we saw a healthy demand for
In 2024, we will continue to build on our strong position in the ongoing transition in energy and industry and on implementing improvement measures to strengthen our profitability.
Finally, I would like to thank our clients, partners and employees for great collaboration during the year.
For further information:
Bo Sandström, CFO, +4670 545 87 87
Head Office:
Visiting address: Frösundaleden 2, Solna,
Tel: +46 10 505 00 00
www.afry.com
info@afry.com
Corp. ID no 556120-6474
This report has not been subjected to scrutiny by the company's auditors.
This information fulfils
All assumptions about the future that are made in this report are based on the best information available to the company at the time the report was written. As is the case with all assessments of the future, such assumptions are subject to risks and uncertainties, which may mean that the actual outcome differs from the anticipated result.
This is a translation of the Swedish original. The Swedish text is the binding version and shall prevail in the event of any discrepancies.
The full report including tables (pdf) is available for download.
Link to press-images
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https://news.cision.com/afry/r/year-end-report-january-december-2023,c3921299
https://mb.cision.com/Main/15400/3921299/2579067.pdf
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