October-
- Net sales amounted to
SEK 636.6m (665.9) which corresponds to a decrease of 4.4% (increase of 28.3%) compared to the corresponding quarter previous year - Organic sales growth for the quarter amounted to -4.4% (20.1%)
- The gross margin amounted to 70.2% (71.3%)
- Adjusted EBITDA amounted to
SEK 86.1m (69.8) corresponding to a margin of 13.5% (10.5%) - EBITDA amounted to
SEK 95.1m (69.7) corresponding to a margin of 14.9% (10.5%) - Net profit/loss for the quarter from continuing operations amounted to
SEK -877.0m (-217.8) corresponding to earnings per share from continuing operations before and after dilution ofSEK -12.42 (-3.29). This was affected by goodwill impairment in Group companies - Cash flow from operating activities amounted to
SEK 162.0m (-69.1)
January-
- Net sales amounted to
SEK 2,249.9m (2,120.8), which corresponds to an increase of 6.1% (68.7%) compared to the corresponding period previous year - Organic sales growth for the period amounted to 5.8% (29.1%)
- The gross margin amounted to 70.1% (74.8%)
- Adjusted EBITDA amounted to
SEK 217.7m (126.2), corresponding to a margin of 9.7% (6.0%) - EBITDA amounted to
SEK 360.4m (15.0) corresponding to a margin of 16.0% (0.7%) - Net profit/loss for the period from continuing operations amounted to
SEK -1,698.0m (-88.1) corresponding to earnings per share from continuing operations before and after dilution ofSEK -24.04 (-1.33) This was affected by goodwill impairment in Group companies - Cash flow from operating activities amounted to
SEK 178.4m (-269.4) - The Board proposes no dividend for 2023
All numbers in the Year-end report refers to continuing operations if not otherwise stated. Ginolis has been classified as discontinued operations from the fourth quarter 2023 with retroactive effect.
Q4 takeaways
- Decline in sales due to slower market in Academia, Diagnostics, and Biotech
- Improved profitability and double-digit EBITDA- and adjusted EBITDA margin
Maria Forss assumed office as CEO and President onNovember 20, 2023 - Divestment of the
Berlin property completed forSEK 244m
(sale and leaseback with BICO company SCIENION) - Agreement signed to develop lab automation solution for 28 MUSD
- Non-cash flow affecting goodwill impairment in group companies: SCIENION, Visikol, and Nanoscribe which amounted to
SEK 582m
Significant events after Q4
Catharina Nordlund appointed as Global Head of HR
Presentation for media and investors
A telephone conference, with the opportunity to ask questions, will be held later today, on
The presentation will be available on BICO’s website from
https://bico.com/investors/
If you wish to participate via webcast, please use the link below:
Via the webcast you can ask written questions.
https://ir.financialhearings.com/bico-q4-2023
If you wish to participate via teleconference, please register on the link below:
After registration you will be provided phone numbers and a conference ID to access the conference. You can ask questions verbally via the teleconference.
https://conference.financialhearings.com/teleconference/?id=5004043
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