Third quarter 2023
-
Order intake increased by 11% to
SEK 7,262 million (6,535). For comparable units, it was a decrease of 2%. -
Net sales increased by 17% to
SEK 7,851 million (6,707). For comparable units, it was an increase of 3%. -
EBITA increased by 15% to
SEK 1,190 million (1,035), corresponding to an EBITA margin of 15.2% (15.4%). -
Profit for the quarter decreased by 2% to
SEK 680 million (691), and earnings per share amounted toSEK 1.87 (1.90). -
Cash flow from operating activities amounted to
SEK 1,227 million (624).
1 January -
-
Order intake increased by 12% to
SEK 23,167 million (20,649). For comparable units, it was unchanged. -
Net sales increased by 21% to
SEK 24,014 million (19,788). For comparable units, it was an increase of 8%. -
EBITA increased by 20% to
SEK 3,628 million (3,017), corresponding to an EBITA margin of 15.1% (15.2%). -
Profit for the interim period increased by 8% to
SEK 2,156 million (2,004), and earnings per share amounted toSEK 5.92 (5.50). -
Cash flow from operating activities amounted to
SEK 2,971 million (1,522).
CEO's message
Continued sales growth and strong earnings
Third quarter
Demand remained high during the third quarter and order intake increased by 11% to
Net sales amounted to
Profitability was strong and EBITA increased during the third quarter to
Cash flow improved to a record high
Acquisitions
Thus far in 2023, we have welcomed nine new companies to the Group, with total annual sales of approximately
We have stepwise increased our acquisition capacity with the ambition to gradually increase the number of acquisitions. However, due to the uncertain general market situation, we have chosen to prolong some of our acquisition processes in 2023. Our balance sheet is strong and the inflow of interesting companies to acquire remains good.
Outlook
Overall, demand remained high during the third quarter, although somewhat dampened compared to the corresponding period previous year. The uncertainty around the general state of the economy remains for the coming quarters, but at the same time, structural investments in many industries linked to electrification and the green transition, among other things, continue. Many of our companies are well positioned to take advantage of these trends and they are good at quickly adapting operations to changing customer needs and market conditions.
Our business model has historically demonstrated very good resilience to changes in demand and our strong financial position offers us good conditions for continuing to generate sustainable profitable growth, both organically and through acquisitions.
Note
The information in this report is such that
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