Volati AB Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 25, 2023 at 01:45 am EDT
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Volati AB (publ) reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was SEK 1,847 million compared to SEK 1,977 million a year ago. Net income was SEK 98 million compared to SEK 119 million a year ago. Basic earnings per share from continuing operations was SEK 1.03 compared to SEK 1.3 a year ago. Diluted earnings per share from continuing operations was SEK 1.03 compared to SEK 1.3 a year ago.
For the nine months, sales was SEK 5,987 million compared to SEK 5,822 million a year ago. Net income was SEK 318 million compared to SEK 315 million a year ago. Basic earnings per share from continuing operations was SEK 3.4 compared to SEK 3.36 a year ago. Diluted earnings per share from continuing operations was SEK 3.4 compared to SEK 3.36 a year ago.
Volati AB is a Sweden-based industrial investor. It comprises subsidiaries Besikta Bilprovning, operating vehicle inspection stations in Sweden; Corroventa, which develops systems for the restoration of water damage, building drying, dehumidifying crawl spaces and conducts radon decontamination; Ettikettoprintcom, a printing company offering self-adhesive labels and tickets, and manufacturing labeling and packaging machines; Kellfri, which constructs, assembles, buys and sells machinery, trailers, tractors and accessories for agriculture and forestry; me&i, offering clothing for kids and parents; NaturaMed Pharma, a supplier of nutritional supplements and health products; Tornum, which delivers in complete grain handling systems for agriculture and the grain processing industry; Lomond Industrier, a supplier to hardware and building product retailers in the Nordic region; and Akademibokhandeln Holding AB (publ). The Company carries out its operations in several European countries.
VOLATI AB 
