Lower results in the quarter but strong starting position for continued long-term value creation
In the last quarter of the year, four out of six platforms showed stronger margins and earnings in line with or better than in the previous year. As expected, the Communication and S:t Eriks platforms are up against weaker market conditions and performed significantly below the previous year. Overall, this means an EBITA of
It is pleasing to report two value-creating add-on acquisitions in the fourth quarter of 2023, with total annual sales of approximately
Andreas Stenbäck, President and CEO
For the full CEO-comment, see the report in its entirety.
Quarter Oct–Dec 2023
- Net sales declined by 6 percent to
SEK 1,808 (1,930) million - EBITA declined by 25 percent to
SEK 134 (179) million - Profit after tax declined by 62 percent to
SEK 39 (105) million - Earnings per ordinary share fell by 74 percent to
SEK 0.28 (1.08) - On 22 November,
Volati finalized the acquisition of Silos Metálicos Zaragoza S.L.U. (SIMEZA), a leading European manufacturer of storage solutions for the grain industry, for theTornum Group platform - On 14 December,
Volati signed an agreement to acquire all shares in the machinery supplier Trejon Försäljnings AB, an add-on acquisition forSalix Group
Period Jan–Dec 2023
- Net sales increased by 1 percent to
SEK 7,796 (7,751) million - EBITA increased by 3 percent to
SEK 733 (710) million - Profit after tax declined by 15 percent to
SEK 368 (433) million - Earnings per ordinary share fell by 17 percent to
SEK 3.68 (4.44) - The Board proposes a dividend of
SEK 1.9 (1.8) per ordinary share andSEK 40 per preference share in quarterly payments ofSEK 10
Events after the reporting period
- The acquisition of Trejon Försäljnings AB was finalized on 25 January
Conference call
CEO
The conference call (opportunity for oral questions) can be accessed at: Phone number +46 8 5050 0829, Meeting ID 839 8985 4885, *9 to ask a question.
Link to the webcast: https://www.finwire.tv/webcast/volati/year-end-report-2023/
The presentation and webcast will be available on www.volati.se after the conference call.
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