Systemair AB Reports Earnings Results for the Third Quarter and Nine Months Ended January 31, 2023
March 09, 2023 at 02:00 am EST
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Systemair AB (publ) reported earnings results for the third quarter and nine months ended January 31, 2023. For the third quarter, the company reported sales was SEK 3,043.5 million compared to SEK 2,278.1 million a year ago. Net income was SEK 164.1 million compared to SEK 97.7 million a year ago. Basic earnings per share from continuing operations was SEK 0.79 compared to SEK 0.47 a year ago. Diluted earnings per share from continuing operations was SEK 0.79 compared to SEK 0.47 a year ago.
For the nine months, sales was SEK 8,929.1 million compared to SEK 6,972.8 million a year ago. Net income was SEK 423.1 million compared to SEK 406.2 million a year ago. Basic earnings per share from continuing operations was SEK 2.03 compared to SEK 1.95 a year ago. Diluted earnings per share from continuing operations was SEK 2.03 compared to SEK 1.95 a year ago.
Systemair AB is a Sweden-based company engaged in the development, production and marketing of ventilation products and solutions. The products are marketed under the Systemair, Fantech, Frico and VEAB brands. Systemair comprises mainly ventilation products, such as fans, air distribution products, chillers and air handling units; Fantech develops, designs and markets solutions for residential and commercial properties in North America; Frico focuses on air curtains and heating products, and VEAB focuses on the development, manufacture and marketing of heating products for ventilation systems, movable and stationary fan heaters, as well as dehumidification systems. The Company has operations in more than 40 countries in Europe, North America, South America, the Middle East, Asia, Africa and Australia. The Company operates Airwell, Alitis, Kolektor Koling doo, FRIVENT Luft- & Warmetechnik GmbH and Viking Air Conditioning Pty Ltd, among others.
SYSTEMAIR AB 
