Jetpak Top Holding AB Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 27, 2023 at 08:46 pm EST
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Jetpak Top Holding AB (publ) reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was SEK 273.59 million compared to SEK 300.98 million a year ago. Revenue was SEK 279.86 million compared to SEK 308.37 million a year ago. Net income was SEK 15.27 million compared to SEK 21.2 million a year ago. Basic earnings per share from continuing operations was SEK 1.25 compared to SEK 1.74 a year ago.
For the nine months, sales was SEK 866.08 million compared to SEK 908.5 million a year ago. Revenue was SEK 886.59 million compared to SEK 932.37 million a year ago. Net income was SEK 14.5 million compared to SEK 65.35 million a year ago. Basic earnings per share from continuing operations was SEK 1.19 compared to SEK 5.36 a year ago.
Jetpak Top Holding AB (publ) is a Sweden-based holding company of the Jetpak Group, a logistics and delivery provider. The Company provides time-critical express deliveries in the Nordic region, as well as several other European countries. It specializes in flight-based, door-to-door, long-distance deliveries aimed primarily at the business to business (B2B) sector. The Company's uses its information technology (IT) platform JENA to find the optimal transport route, combining air and road transport. The Company operates through two segments: Express Ad-hoc and Express Systemized. Express Ad-hoc segment comprises ad-hoc orders for flexible and time-critical courier services. Express Systemized segment comprises systematic orders for parcel shipments. The Company's point-to-point network covers more than 150 locations.
JETPAK TOP HOLDING AB 
