I.A.R Systems

Third quarter July - September 2024

• Net sales were SEK 112.3m (116.3), with growth of -3.5% and 0.8% in local currency.
• EBITDA of SEK 39.9m (43.4), corresponding to an EBITDA margin of 35.5% (37.3).
• Adjusted EBITDA of SEK 45.1m (47.3), corresponding to an adjusted EBITDA margin of 40.2% (40.7).
• Operating profit of SEK 26.3m (28.9), corresponding to an operating margin of 23.5% (24.8).
• Adjusted operating profit of SEK 31.6m (32.8), corresponding to an adjusted operating margin of 28.1% (28.2).
• Capitalized work on own account amounted to SEK 14.8m (7.2).
• In a year-on-year comparison, currency translation had a negative impact of SEK 5.1m on net sales and a negative impact of SEK 2.2m on operating profit for the period.
• Cash flow from operating activities amounted to SEK 27.7m (51.8).

January - September 2024

• Net sales were SEK 355.2m (332.2), with growth of 6.9% and 10.0% in local currency.
• EBITDA of SEK 127.4m (99.1), corresponding to an EBITDA margin of 35.9% (29.8).
• Adjusted EBITDA of SEK 137.3m (106.4), corresponding to an adjusted EBITDA margin of 38.6% (32.0).
• Operating profit of SEK 85.6m (51.7), corresponding to an operating margin of 24.1% (15.6).
• Adjusted operating profit of SEK 95.5m (63.7), corresponding to an adjusted operating margin of 26.9% (19.2).
• Capitalized work on own account amounted to SEK 35.9m (27.0).
• In a year-on-year comparison, currency translation had a negative impact of SEK 10.2m on net sales and a negative impact of SEK 6.5m on operating profit for the period.
• Cash flow from operating activities amounted to SEK 96.1m (107.2).

Third quarter in brief

• Cecilia Wachtmeister assumes the role of CEO
• IAR resumes share buybacks