CEO Camilla Hoflund and CFO Niklas Karlsson July 21, 2022
STUDSVIK IN BRIEF
GLOBAL TRENDS
THE COMPANY
Drivers for nuclear energy
Innovating Nuclear Sustainability
•
Climate change
Listed on Nasdaq Stockholm Small Cap
•
Energy need
Sales 798 MSEK
•
Geopolitical situation
520 employees
Global presence
2022-07-21
Studsvik Interim Report Q2 2022
2
Q2
IN SUMMARY
Quarter
6 months
Full year
Q2-2022Q2-2021
2022
2021
2021
Sales, SEK million
203.1
201.2
390.9
364.0
798.3
Operating profit,
8.2
17.3
15.2
25.3
85.8
SEK million
Operating profit
4.0
8.6
3.9
7.0
10.7*
margin, %
* Excluding sale of land, the operating margin was 9.4 %.
Highlights in the quarter
Studsvik has exercised its option to acquire all shares from the minority shareholder in Scandpower.
Strong international interest in nuclear power including Small Modular Reactors (SMRs).
2022-07-21
Studsvik Interim Report Q2 2022
3
Q2
DECOMMISSIONING AND RADIATION
PROTECTION SERVICES
Full
Quarter
6 months
year
Q2-2022Q2-2021
2022
2021
2021
Sales, SEK million 86.2
96.0
149.5
164.8
329.5
Operating profit,
9.1
11.7
5.2
18.1
26.2
SEK million
Operating profit
10.6
12.2
3.5
11.0
8.0
margin, %
Stable performance during revisions
Lower net sales compared to last year, due to lower level of refueling and maintenance services.
In general, the utilization has improved compared to quarter one this year.
The margins was impacted by non-recurring costs.
2022-07-21
Studsvik Interim Report Q2 2022
Strategic pillars
Long-termcustomer relations
Strong market presence in Germany and Switzerland
Higher focus on dismantling services
4
Q2
FUEL AND MATERIALS TECHNOLOGY
THE INTERNATIONAL LABORATORY
Full
Quarter
6 months
year
Q2-2022Q2-2021
2022
2021
2021
Sales, SEK million
84.7
78.1
168.6
142.8
310.4
Operating profit, SEK
10.8
11.9
25.2
18.4
57.3
million
Operating profit
12.8
15.2
14.9
12.9
18.5
margin, %
Strong order book and stable performance
Increased net sales due to improved capacity including more flexibility in the production facilities.
Re-prioritizationof the order backlog to replace Russians projects that has been put on hold.
2022-07-21
Studsvik Interim Report Q2 2022
Strategic pillars
Increase business with new customers
International network and programs
Expansion of services in the decommissioning area
5
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Studsvik AB published this content on 21 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 July 2022 05:53:07 UTC.
Studsvik AB is a Sweden-based company that offers a range of technical services to the international nuclear power industry. The Company's activities are divided into four segments: Fuel and Materials Technology, which implies nuclear hot-cell technology, materials technology and water chemistry solutions for fuel and reactor performance and lifetime optimization, as well as failed fuel encapsulation, transport and storage solutions; Consultancy Services, which includes facility planning and licensing, waste treatment technologies and operations, among others; Studsvik Scandpower, which provides tools, analysis and technology for performance optimization of nuclear fuel and reactors, and management of the nuclear fuel cycle; Germany, which implies Consultancy Services segment operations in Germany. The Company primarily operates in Sweden, Germany, the United Kingdom, the United States, Japan, China and the United Arab Emirates.
STUDSVIK AB 
