"Our second quarter is typically stronger than the first, and 2022 was no exception with strong numbers overall. Had we owned all the companies in the Group for the past twelve months (RTM) we would have had annual sales of around
SECOND QUARTER (1 APRIL -
- Net sales increased by 137 percent to
SEK 9,059m (3,821). -
Adjusted EBITA increased by 129 percent to
SEK 877m (383), corresponding to an adjusted EBITA margin of 9.7 percent (10.0). -
Operating profit (EBIT) increased by 129 percent to
SEK 681m (298), corresponding to an operating margin of 7.5 percent (7.8). -
Profit for the period increased by 126 percent to
SEK 474m (210). -
Earnings per share before/after dilution amounted to
SEK 0.25 (0.14). -
Cash flow from operating activities came in at
SEK 335m (891). -
20 acquisitions were completed during the quarter, with combined annual sales of
SEK 4,343m , based on the companies' most recent financial year. - The number of B shares increased by 8 million shares in the quarter as a result of directed share issues in connection with acquisitions. The total number of shares at the end of the period was 1,664 million.
Interim period (1 January -
- Net sales increased by 138 percent to
SEK 15,997m (6,713). Organic sales growth amounted to 16 percent. -
Adjusted EBITA increased by 121 percent to
SEK 1,445m (654), corresponding to an adjusted EBITA margin of 9.0 percent (9.7). Organic EBITA growth amounted to -3 percent. -
Operating profit (EBIT) increased by 117 percent to
SEK 1,150m (530), corresponding to an operating margin of 7.2 percent (7.9). -
Profit for the period increased by 87 percent to
SEK 712m (381). -
Earnings per share before/after dilution amounted to
SEK 0.38 (0.28). -
Cash flow from operating activities came in at
SEK 152m (1,088).
Amounts in parentheses are for the corresponding periods in 2021.
EVENTS AFTER THE END OF THE PERIOD
- After the end of the period,
Storskogen has completed four acquisitions with combined annual sales ofSEK 258m and EBITA ofSEK 38m , wherebyStorskogen's earning capacity (RTM adjusted EBITA) including these amounts toSEK 3,682m . -
As of the date of this report,
Storskogen has 9 signed non-binding letters of intent (LOI) and transactions where the Group has preferred buyer status. These potential acquisitions had combined annual sales ofSEK 1,112m and EBITA ofSEK 201m , based on the companies' most recent financial year.
PRESENTATION OF THE INTERIM REPORT
For participation via webcast, please use the following link:
tv.streamfabriken.com/storskogen-group-q2-2022
For participation via telephone conference, please dial any of the following numbers:
SE: +46850558355
US: +1 6319131422
Participation PIN (for participants in US): 83428773#
Questions can also be sent to ir@storskogen.com.
The presentation and the webcast will be made available on
For more information, please contact:
+46 739 209 400
daniel.kaplan@storskogen.com
+46 739 884 466
lena.glader@storskogen.com
+46 706 972 222
erik.kronqvist@storskogen.com
This press release contains inside information that
About
https://news.cision.com/storskogen-group-ab/r/interim-report-january-june-2022,c3614353
https://mb.cision.com/Main/20705/3614353/1614943.pdf
https://mb.cision.com/Public/20705/3614353/bf8d049a27cee6d1.pdf
(c) 2022 Cision. All rights reserved., source