Good order intake
Quarter 3, 2023
- Orders received amounted to
SEK 1,488m (1,294), equivalent to currency neutral growth of 11.0 percent compared with the same period last year. -
Net sales amounted to
SEK 1,574m (1,398), equivalent to currency neutral growth of 7.7 percent compared with the same period last year. -
Adjusted EBITA was
SEK 175.4m (165.3), giving an adjusted EBITA margin of 11.1 percent (11.8). -
Operating profit amounted to
SEK 148.0m (138.0), corresponding to an operating margin of 9.4 percent (9.9). -
Net profit was
SEK 85.4m (92.6). -
Earnings per share were
SEK 2.43 (2.64). -
Cash flow from operating activities amounted to
SEK 137.4m (118.2).
January -
- Orders received amounted to
SEK 4,538m (4,029), equivalent to currency neutral growth of 7.4 percent compared with the same period last year. -
Net sales amounted to
SEK 4,687m (3,664), equivalent to currency neutral growth of 21.3 percent compared with the same period last year. -
Adjusted EBITA was
SEK 543.3m (405.5), giving an adjusted EBITA margin of 11.6 percent (11.1). -
Operating profit amounted to
SEK 443.6m (343.4), corresponding to an operating margin of 9.5 percent (9.4). -
Net profit was
SEK 263.6m (237.8). -
Earnings per share were
SEK 7.51 (6.78). -
Cash flow from operating activities amounted to
SEK 364.0m (257.9).
CEO's comments
"Stable performance and advancing positions
During the year's third quarter, we again reported strong growth in sales and orders received, together with continued stable profitability and strong cash flow. In an environment showing signs of weaker demand in certain markets and segments, all of our divisions are advancing their positions by rolling out new products, strong presence in expanding industries and investments in improved efficiency and digitalisation.
Successes continue for environmental technology company Nederman. During the third quarter of 2023, we noted the second highest sales ever for a single quarter,
Developments in 2023, and not least the third quarter of the year, show that our long-term and ambitious initiatives are producing results. A focus on profitability, in every individual segment and market, is a prerequisite for sustainable growth in a global industry. It is in this context that the extensive investments of recent years aimed at upgrading our production and logistics should be seen, as well as our digital initiatives that enable our customers to future-proof their production regardless of industry or region. During the quarter, we were again made acutely aware that our range addresses important needs when we took part in leading trade fairs in various parts of the world. We are rolling out new products with the common overall aim of contributing to cleaner air and reduced emissions in industries around the world - a need that was again highlighted by international media and various institutes in the past quarter. In line with our long-term strategy, we have increased our presence through the aquisition during the quarter of
OUR DIVISIONS ARE STRENGTHENING THEIR POSITIONS
Despite various market challenges, I am pleased to note that our four divisions strengthened their positions during the quarter. Nederman Extraction & Filtration Technology continues to capitalise on the acquisition of RoboVent just over a year ago and increased its exposure to growing segments, but also met rising price competition in certain markets. The performance of Nederman Process Technology remained strong with successful ventures in new segments and geographic markets, which resulted in increased profitability and returns. Although Nederman Duct & Filter Technology reported lower growth, investments in production and logistics, and initiatives in new segments, continue to drive profitability. The positive development in 2023 for Nederman Monitoring & Control Technology continued during the quarter, with a growing order backlog and higher profitability.
CAUTIOUS OPTIMISM IN AN INCREASINGLY UNCERTAIN WORLD
Even if the performance of our divisions remains positive, the risk remains that challenges in our supply chain, inflation and a weaker economic outlook will impact customers' investment decisions. Moreover, geopolitical uncertainty is growing with a risk of increased protectionism in the long term. Nederman, however, stands strong in this macro environment. In terms of our large order backlog and our ability to increase our share of sales in industries with good structural growth, we take a positive view for the next quarter, but are somewhat more uncertain regarding development in the medium term.
For further information, please contact:
Telephone: +46 42 18 87 00
e-mail: sven.kristensson@nederman.com
Telephone: +46 42 18 87 00
e-mail: matthew.cusick@nederman.com
This information is information that
About Nederman
Nederman is an environmental technology company and a global leader in industrial air filtration dedicated to capturing, measuring, controlling and cleaning air to make industrial production more efficient, safe and sustainable. Based on industry leading products, solutions and services in combination with an innovative IoT platform we deliver knowledge and facts needed to optimise performance and guarantee emissions compliance to protect people, planet and production.
Corporate registration number: 556576-4205
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