Fagerhult Group AB Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 16, 2024 at 03:00 am EST
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Fagerhult Group AB reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was SEK 2,110.5 million compared to SEK 2,271 million a year ago. Net income was SEK 107.4 million compared to SEK 168.9 million a year ago. Basic earnings per share from continuing operations was SEK 0.61 compared to SEK 0.96 a year ago. Diluted earnings per share from continuing operations was SEK 0.61 compared to SEK 0.96 a year ago.
For the full year, sales was SEK 8,560.4 million compared to SEK 8,269.6 million a year ago. Net income was SEK 543.5 million compared to SEK 576.3 million a year ago. Basic earnings per share from continuing operations was SEK 3.09 compared to SEK 3.27 a year ago. Diluted earnings per share from continuing operations was SEK 3.09 compared to SEK 3.27 a year ago.
Fagerhult AB is a Sweden-based company engaged in the development, manufacture and marketing of lighting systems for public environments. Its product offering is divided into six groups. Office Lighting offers products and solutions for office environments, hotels and other public spaces. School Lighting offers solutions for educational premises, such as lecture halls, study rooms and libraries. Industrial Lighting offers systems, applications and products for industrial environments. Health and Hospital Care Products offers medical technical equipment, such as panels for intensive care units and treatment rooms, and dialysis columns in hospitals. Retail Lighting offers lighting solutions and service for retail environments. Outdoor Lighting offers lighting for public spaces such as roads, paths and parks, as well as architectural lighting. In June 2013, it acquired 100% of the shares of I-Valo Oy based in Iittala, Finland. In February 2014, it completed the acquisition of Arlight.
FAGERHULT GROUP AB 
