Systemair AB Reports Earnings Results for the Third Quarter and Nine Months Ended January 31, 2024
March 05, 2024 at 01:00 am EST
Share
Systemair AB (publ) reported earnings results for the third quarter and nine months ended January 31, 2024. For the third quarter, the company reported sales was SEK 2,826.7 million compared to SEK 3,043.5 million a year ago. Net loss was SEK 24.9 million compared to net income of SEK 164.1 million a year ago. Basic loss per share from continuing operations was SEK 0.12 compared to basic earnings per share from continuing operations of SEK 0.79 a year ago. Diluted loss per share from continuing operations was SEK 0.12 compared to diluted earnings per share from continuing operations of SEK 0.79 a year ago.
For the nine months, sales was SEK 9,187.8 million compared to SEK 8,929.1 million a year ago. Net income was SEK 462.8 million compared to SEK 423.1 million a year ago. Basic earnings per share from continuing operations was SEK 2.23 compared to SEK 2.03 a year ago. Diluted earnings per share from continuing operations was SEK 2.22 compared to SEK 2.03 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 
