Embellence Group

“We started 2024 by delivering higher sales and improved earnings. The trend was mainly driven by strong growth for Boråstapeter, Wall&decò and Artscape in the US. At the same time, forward-looking initiatives continued in relation to our offering, product development and production.”
Olle Svensk,
CEO, Embellence Group AB

First quarter 2024

• Net sales amounted to MSEK 214.2 (197.5), up 8.5% (exchange rate effect +0.7%)
• EBITA amounted to MSEK 33.6 (27.1), up 24.0%
• Adjusted EBITA* amounted to MSEK 33.6 (27.1), up 24.0%
• Adjusted EBITA* margin amounted to 15.7% (13.7)
• Net profit for the period amounted to MSEK 16.3 (12.9) and earnings per share for the period before dilution to SEK 0.72 (0.57)
• Operating cash flow amounted to MSEK 14.4 (2.2)

Significant events during the quarter

• No significant events to report.

Significant events after the end of the quarter

• No significant events to report.

*EBITA excluding acquisition costs and restructuring costs.