Stockwik publishes year-end report January 1st - December 31st, 2023
February 16, 2024 at 02:01 am EST
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POSITIVE BUSINESS DEVELOPMENT AND IMPROVED CASH FLOW We see that our focus on profitability improvements and capital efficiencies has started to have an effect. Cash flow has improved during the quarter to 41,1 (30,2) MSEK. The adjusted EBITA-result has improved with 38,8 percent to 29,3 MSEK which means that the adjusted EBITA-margin amounts to 12,1 percent.
QUARTER OCTOBER 1ST - DECEMBER 31ST, 2023
MSEK
okt-dec 2023
okt-dec 2022
Δ%
of which organic, in percentage points
of which acquired growth in percentage points
Net sales
242,6
238,2
1,8%
-1,8%
3,6%
EBITDA
31,7
28,9
9,8%
EBITA
20,1
21,1
-4,7%
-14,8%
10,1%
Adjusted EBITA*
29,3
21,1
38,8%
EBIT
17,6
17,2
2,1%
Profit before tax
5,3
6,1
Profit after tax
-14,0
8,7
EBITA-margin %
8,3%
8,9%
Adjusted EBITA-margin %*
12,1%
8,9%
Operational cash flow
41,1
30,2
Earnings per share before dilution, SEK
-2,22
1,38
Earnings per share after dilution, SEK
-2,22
1,41
* Adjustment refers to reorganization costs -4.2 MSEK and revaluation of inventory -5.0 MSEK.
THE REPORT PERIOD JANUARY 1ST - DECEMBER 31ST, 2023
MSEK
jan-dec 2023
jan-dec 2022
Δ%
of which organic, in percentage points
of which acquired growth in percentage points
Net sales
818,3
764,6
7,0%
-2,5%
9,6%
EBITDA
89,5
82,8
8,1%
Adjusted EBITDA as defined in bond terms**
96,0
82,8
16,0%
EBITA
49,8
55,4
-10,1%
-21,1%
10,8%
Adjusted EBITA*
59,0
55,4
6,5%
EBIT
37,5
39,2
-4,4%
Profit before tax
-24,0
0,8
Profit after tax
-37,2
3,8
EBITA-margin %
6,1%
7,2%
Adjusted EBITA-margin %
7,2%
7,2%
Operational cash flow
40,6
26,0
Earnings per share before dilution, SEK
-5,89
0,61
Earnings per share after dilution, SEK
-5,89
0,61
Net debt
385,2
364,8
Net debt/EBITDA
4,31
4,41
Net debt/Adjusted EBITDA as defined in bond terms**
4,01
4,41
* Adjustment refers to reorganization costs -4.2 MSEK and revaluation of inventory -5.0 MSEK.
** Adjusted EBITDA as defined in bond terms
The Board of Directors propose that no dividend shall be distributed for 2023.
This information is being disclosed by Stockwik Förvaltning AB (publ) in compliance with the Market Securities Act. The information was submitted for publication at 08:00 (CET) on February 16th, 2024, through the designated contact person provided below.
For further information, please contact: Urban Lindskog, President and CEO Stockwik Förvaltning AB (publ) E-mail: info@stockwik.se
About Stockwik
Stockwik offers a stable platform for small businesses to develop both organically and through acquisitions. Stockwik's companies offer value-adding products and services to corporate customers. Stockwik is listed on Nasdaq Stockholm Small Cap with the short name STWK.
Stockwik Forvaltning AB is a Sweden-based investor, which manages a portfolio on a long term basis. The Companyâs portfolio comprises BergFast AB, which is engaged in external property management and gardening; Aktiv Fastighets Forvaltning i Nacka AB (AFF), which deals with technical property management, land management, source sorting and refurbishments; Kallhalls Rot & VVS-system AB (KRVVS), active within area of plumbing; as well as Vaxholms Varmeservice AB, an electrical and plumbing installation company.
STOCKWIK FÖRVALTNING AB 
