IMPROVED PROFIT IN QUARTER DESPITE LOWER VOLUMES
OCTOBER -
- Sales volume amounted to 4,124 tonnes (5,503 tonnes) a decline by 25%.
-
Net sales amounted to
SEK 232.0 million (SEK 240.3 million ), a decline by 3%. The organic decline was 17%. -
Operating profit amounted to
SEK 11.3 million (SEK 10.2 million ), an increase by 11%. -
The adjusted operating profit amounted to
SEK 10.9 million (SEK 10.2 million ), an increase by 10%. - The operating margin and adjusted operating margin increased to 4.9% (4.2%).
-
Profit for the period amounted to
SEK 8.6 million (SEK 8.4 million ). -
Earnings per share before dilution amounted to
SEK 0.43 (SEK 0.42 ), and after dilution toSEK 0.41 (SEK 0.40 ). -
The cash flow from operating activities amounted to
SEK 51.3 million (SEK 27.1 million ).
JANUARY -
- Sales volume amounted to 18,657 tonnes (22,646 tonnes) a decline by 18%.
-
Net sales amounted to
SEK 957.8 million (SEK 927.5 million ), an increase by 3%. The organic decrease was 3%. -
Operating profit amounted to
SEK 47.0 million (SEK 86.2 million ), a decline by 45%. The adjusted operating profit amounted toSEK 48.2 million (SEK 92.3 million ), a decline by 48%. - The operating margin declined to 4.9% (9.3%) and adjusted operating margin declined to 5.0% (10.0%).
-
Profit for the period amounted to
SEK 34.4 million (SEK 68.1 million ), a decline by 49%. -
Earnings per share before dilution amounted to
SEK 1.72 (SEK 3.41 ), and after dilution toSEK 1.64 (SEK 3.25 ). -
Net debt amounted to
SEK 76.7 million (SEK 44.5 million ) at the end of the period, 0.9 times (0.4 times) EBITDA. -
The Board proposes a dividend of
SEK 1.00 SEK per share, equivalent to 58 percent of net profit.
The market
The volumes on the market started to decrease already during the last quarter of 2021. The decline was strengthened by the invasion of
During 2022 the turbulent raw material situation, which started already during 2021, continued with increased prices. Though, at the end of the year the raw material prices started to decrease gradually, at the same time as our market indicates lower stock volumes in distribution.
Higher margins but lower net sales during the fourth quarter
During the fourth quarter the volumes declined with 25 percent compared to the same period last year and the net sales declined with 3 percent. Alphaplex was consolidated for the full fourth quarter and contributed with
Full year
During 2022 the volumes decreased for
During the year we have continued to streamline our production, strengthen our sales organization and we have taken a number of improvement measures within the organization. Within sustainability we have taken a big step by targeting our most important initiatives within the area. We have also completed our first acquisition and with this strengthened our presence at the important German market, which also supports our ambition of increased presence in
Outlook
We have a strong financial position and we continue the efficiency work and develop our organization. Our view is that we are well positioned with our customer offering as we offer specific and customized products. We are proud of our sustainability work which has been additionally intensified. At the end of the year we have noted indications of declining raw material prices and also that the distribution has started to replenish their stock. We have also noted an increased interest from certain areas in our market but the uncertainty remains high.
The Board proposes to the AGM a dividend of
President and CEO
For further information, please contact:
Forward-looking information
Certain statements in this report are forward-looking and the actual outcome may be significantly different. In addition to the specific mentioned factors, other factors may have material impact on the actual outcome. Such factors include, but are not limited to, the general economic climate, exchange-rate fluctuations and changes in interest rates, political developments, the impact of competing products and the prices of such products, interruptions to the access to raw materials.
This information is such information that
about Arla Plast
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