"The third quarter results developed as expected, with sales of
Third quarter (1 July-
- Net sales decreased by 1 percent to
SEK 8,333m (8,417). -
Adjusted EBITA decreased by 6 percent to
SEK 725m (772), corresponding to an adjusted EBITA margin of 8.7 percent (9.2). -
Operating profit (EBIT) decreased by 27 percent to
SEK 489m (671), corresponding to an operating margin of 5.9 percent (8.0). -
Profit for the period decreased by 63 percent to
SEK 170m (463). -
Earnings per share before dilution amounted to
SEK 0.09 (0.26) and earnings per share after dilution amounted toSEK 0.08 (0.26). -
Cash flow from operating activities increased to
SEK 584m (204). -
Two acquisitions were completed, with combined annual sales of
SEK 112m . -
Five divestments were completed, with combined sales in the previous 12-month period of
SEK 578m . Storskogen redeemed the remainingSEK 404m of the outstanding bonds maturing inApril 2024 , through early redemption.
The period (1 January-
- Net sales increased by 11 percent to
SEK 27,009m (24,414). Organic sales growth was -2 percent. -
Adjusted EBITA increased by 14 percent to
SEK 2,532m (2,216), corresponding to an adjusted EBITA margin of 9.4 percent (9.1). Organic EBITA growth was -9 percent. -
Operating profit (EBIT) increased by 6 percent to
SEK 1,926m (1,821), corresponding to an operating margin of 7.1 percent (7.5). -
Profit for the period decreased by 32 percent to
SEK 801m (1,176). -
Earnings per share before/after dilution amounted to
SEK 0.40 (0.64). -
Cash flow from operating activities increased to
SEK 1,903m (356). -
Nine acquisitions were completed, with combined annual sales of
SEK 511m . -
Ten divestments were completed, with combined annual sales of
SEK 1,850m .
Amounts in parentheses are for the corresponding periods in 2022.
Significant events after the end of the period
- No significant events have occurred after the end of the period.
Presentation of the interim report
For participation via webcast, please use the following link:
https://ir.financialhearings.com/storskogen-group-q3-2023/register
If you wish to participate via telephone conference, please register via the link below. After registration you will be provided with a phone number and conference ID to access the conference. You can ask questions verbally via the telephone conference.
https://conference.financialhearings.com/teleconference/?id=5009345
Questions can also be sent to ir@storskogen.com.
The presentation and the webcast will be made available on
For more information, please contact:
+46 72 506 14 22
andreas.lindblom@storskogen.com
For media inquiries, please contact:
+46 73 305 59 55
michael.metzler@storskogen.com
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https://news.cision.com/storskogen/r/interim-report-q3-2023,c3870452
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