"We had a solid second quarter with sales of
Second quarter (1 April-
- Net sales increased by 4 percent to
SEK 9,462m (9,059). -
Adjusted EBITA increased by 5 percent to
SEK 922m (877), corresponding to an adjusted EBITA margin of 9.7 percent (9.7). -
Operating profit (EBIT) decreased by 11 percent to
SEK 605m (681), corresponding to an operating margin of 6.4 percent (7.5). -
Profit for the period decreased by 76 percent to
SEK 115m (474). -
Earnings per share before/after dilution amounted to
SEK 0.04 (0.25). -
Cash flow from operating activities came in at
SEK 852m (335). -
Four acquisitions were completed during the quarter, with combined annual sales of
SEK 304m . The acquisition of AC Electrical was financed in half by convertibles that will be converted into B shares inStorskogen Group inApril 2024 . -
Four divestments were completed with combined sales in the previous 12-month period of
SEK 1,222m . Storskogen issued bonds ofSEK 2,000m maturing in 2027. At the same time, outstanding bonds ofSEK 2,596m , maturing in 2024, were repurchased through a conditional offer.-
The Annual General Meeting on 12 May resolved on the proposed dividend of
SEK 0.08 per share; the new election ofRobert Belkic to the Board of Directors and the re-election ofAnnette Brodin Rampe (Chair of the Board), Alexander Bjärgård,Louise Hedberg andJohan Thorell ; implementation of share-related incentive programmes and authorisation for the Board of Directors to issue shares, warrants or convertibles, and to repurchase treasury shares.
The period (1 January-
- Net sales increased by 17 percent to
SEK 18,675m (15,997). Organic sales growth was -2 percent. -
Adjusted EBITA increased by 25 percent to
SEK 1,807m (1,445), corresponding to an adjusted EBITA margin of 9.7 percent (9.0). Organic EBITA growth was -5 percent. -
Operating profit (EBIT) increased by 25 percent to
SEK 1,436m (1,150), corresponding to an operating margin of 7.7 percent (7.2). -
Profit for the period decreased by 12 percent to
SEK 630m (712). -
Earnings per share before/after dilution amounted to
SEK 0.32 (0.38). -
Cash flow from operating activities came in at
SEK 1,318m (152). -
Seven acquisitions were completed during the period, with combined annual sales of
SEK 399m . -
Five divestments were completed during the period with combined annual sales of
SEK 1,272m .
Amounts in parentheses are for the corresponding periods in 2022.
Significant events after the end of the period
Storskogen repurchased the remainingSEK 404m of the outstanding bonds maturing inApril 2024 , through early redemption.
Presentation of the interim report
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