Organic sales of small boats decreased by 38 percent while organic sales of premium boats were unchanged.
“The development during the fourth quarter provides clear support for our strategy which involves greater focus on premium boats. While sales of smaller boats dropped significantly, organic sales of premium boats actually remained unchanged. And this is despite the fact that the comparative quarter was also affected by both timing-related and waning pandemic effects”, says Jan-Erik Lindström, CEO of
FOURTH QUARTER October – | FULL YEAR January – |
Net sales for the fourth quarter increased 7 percent to MSEK 361 (338). | Net sales totaled MSEK 1,898 up 8 percent year-on-year (1,751). |
Organic growth totaled -20 percent. EBITA amounted to MSEK -4 (10) including non-recurrent costs of MSEK 10. | Organic growth totaled -5 percent. EBITA amounted to MSEK 100 (192), including non-recurrent costs of MSEK 10. |
The EBITA margin was -1.2 percent (3.1) and 1.5 percent excluding non-recurrent costs. | The EBITA margin was 5.2 percent (11.0) and 5.8 percent excluding non-recurrent costs. |
Operating cash flow amounted to MSEK -69 (-63). | Operating cash flow amounted to MSEK -153 (-146). |
The order book totaled MSEK 759 (930). | Earnings per share amounted to |
Fourth quarter | Full year | |||||
2023 | 2022 | % | 2023 | 2022 | % | |
Net sales, MSEK | 360.5 | 337.9 | 7 | 1,898.4 | 1,751.2 | 8 |
Operating result, MSEK | -4.6 | 10.2 | -145 | 99.1 | 192.0 | -48 |
EBITA, MSEK | -4.4 | 10.3 | -143 | 99.7 | 192.5 | -48 |
EBITA-margin, % | -1.2% | 3.1% | -4.3pe | 5.2% | 11.0% | -5.7pe |
Result for the period, MSEK | -22.1 | 3.0 | -844 | 45.0 | 149.6 | -70 |
Operating cash flow, MSEK | -68.8 | -63.0 | 9 | -153.2 | -146.3 | 5 |
Earnings per share | -1.04 | 0.15 | -776 | 2.15 | 7.72 | -72 |
Link to the report: https://nimbusgroup.se/en/reports-and-presentations/
Analyst conference call: A webcast telephone conference will be held today at
Call Access (financialhearings.com)
You can also follow and listen to the presentation and the conference call using the below web link:.
Nimbus Q4 Report 2023 (financialhearings.com)
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