Continued investment in growth in a cautious market
Financial summary April –
- Net sales totaled
SEK 182m (187), a drop of 2.4 percent. Organic growth totaled -8.5 percent, and the currency effect was 6.0 percent. - EBITA totaled
SEK 61m (61), and the EBITA margin was 33.6 percent (32.6). - EBIT totaled
SEK 47m (48), and the EBIT margin was 25.8 percent (25.7). - Profit for the period was
SEK 36m (36). - Cash flow from operating activities totaled
SEK 13m (39). - Earnings per share (basic and diluted) totaled
SEK 0.89 (0.90).
Financial summary January –
- Net sales totaled
SEK 411m (383), an increase of 7.3 percent. Organic growth totaled -3.8 percent, the currency effect was 6.4 percent, and the effect of acquisitions was 4.7 percent. - EBITA totaled
SEK 147m (125), and the EBITA margin was 35.7 percent (32.6). - EBIT totaled
SEK 119m (103), and the EBIT margin, 28.9 percent (26.8). - Profit for the period totaled
SEK 92m (76). - Cash flow from operating activities totaled
SEK 118m (93). - Earnings per share (basic and diluted) totaled
SEK 2.29 (1.89).
Apr–Jun 2023 | Apr–Jun 2022 | Jan–Jun 2023 | Jan–Jun 2022 | Jul 2022– | Full year 2022 | |
Net sales, SEKm | 182 | 187 | 411 | 383 | 876 | 848 |
Net sales pro forma, SEKm | – | – | – | 407 | – | 872 |
Organic growth, % | -8.5 | -12.7 | -3.8 | 2.7 | -4.0 | -0.8 |
EBITDA, SEKm | 67 | 67 | 158 | 136 | 344 | 322 |
EBITA, SEKm | 61 | 61 | 147 | 125 | 321 | 299 |
EBITA margin, % | 33.6 | 32.6 | 35.7 | 32.6 | 36.7 | 35.3 |
EBIT, SEKm | 47 | 48 | 119 | 103 | 265 | 249 |
EBIT pro forma, SEKm | – | – | – | 103 | – | 249 |
EBIT margin, % | 25.8 | 25.7 | 28.9 | 26.8 | 30.2 | 29.3 |
EBIT margin pro forma, % | – | – | – | 25.3 | – | 28.6 |
Adjusted EBIT, SEKm | 47 | 46 | 119 | 111 | 265 | 257 |
Adjusted EBIT margin, % | 25.8 | 24.5 | 28.9 | 28.9 | 30.2 | 30.3 |
Profit/loss for the period, SEKm | 36 | 36 | 92 | 76 | 210 | 194 |
Cash flow from operating activities, SEKm | 13 | 39 | 118 | 93 | 262 | 236 |
Net debt, SEKm | 100 | 120 | 100 | 120 | 100 | 4 |
Net debt/EBITDA LTM | 0.29 | 0.40 | 0.29 | 0.40 | 0.29 | 0.01 |
Return on equity, % | 70.3 | 72.4 | 70.3 | 72.4 | 70.3 | 53.8 |
Earnings per share | 0.89 | 0.90 | 2.29 | 1.89 | 5.25 | 4.85 |
Continued investment in growth in a cautious market
The trend of weak demand has continued during the second quarter as our customers act cautiously in an uncertain economic environment. Sales amounted to
Demand still cautious
The development in the regions was almost unchanged from the previous quarter.
The market during the quarter has been cautious and how it will develop in the future is difficult to foresee. We still have a strong belief in reaching our target of +10 percent sales growth over time which will be driven by our three growth themes: Light shaping for professional still photographers, e-commerce workflow solutions and light shaping for moving images. We continue to invest in marketing and sales as well as in product development to increase sales and EBIT in the longer term. At the same time, we will continue to maintain a high level of cost discipline.
What has made
Over the past quarter, we have continued to invest in developing the new
The system is developed based on our customers’ needs
The new
We develop the system based on our knowledge of world-leading brands in the fashion industry and their needs, which are the most demanding in terms of creativity and image quality. As our customers’ needs change, we follow these needs with new and updated hardware and software.
The combination of not only offering the most flexible and scalable hardware and software solutions but also the knowledge of how to best use the solutions to drive profitable growth makes us both unique and puts
Sundbyberg,
Anders Hedebark
President and CEO
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