Netel

First quarter
Net sales rose 4.5 per cent to MSEK 714 (684), of which organic growth was 3.9 per cent.
Adjusted EBITA increased to MSEK 14 (11), with an adjusted EBITA margin of 2.0 per cent (1.6).
EBITA improved to MSEK 12 (-3), with an EBITA margin of 1.7 per cent (-0.4).
Loss for the period amounted to MSEK -8 (-9).
Earnings per share before and after dilution amounted to SEK -0.17 (-0.18)
Cash flow from operating activities amounted to MSEK -89 (8).
Net debt amounted to MSEK 738 (789) and net debt/adjusted EBITDA to 3.1 (3.2).
The order backlog increased to MSEK 3,836 (3,750).

Significant events during the first quarter
New reporting structure that reflects the new organisational structure.
Nett-Tjenester expanded its partnership with Elvia through a new framework agreement totalling approximately MNOK 120.
Eltek signed a contract with Siemens Energy for modernising and expanding Svenska Kraftnät’s substation.
Fredrik Helenius appointed the new CFO.

Webcast presentation and teleconference

Jeanette Reuterskiöld, President and CEO, and Fredrik Helenius, CFO, will present the interim report on Friday, 26 April at 9:00 a.m. CEST in a webcast. Questions may be asked both online and by phone. Presentation material is also available at https://netelgroup.com/en/investors/reports-and-presentations/. The presentation will be held in English.

If you want to participate through the webcast, use the link https://ir.financialhearings.com/netel-group-q1-report-2024. It will be possible to submit written questions during the webcast. If you want to ask questions orally via teleconference, please register through the link https://conference.financialhearings.com/teleconference/?id=50048839. After registration, you will receive a telephone number and ID to log in to the conference. It will be possible to ask questions orally during the teleconference.

Interim reports on www.netelgroup.com
The complete interim report and previous reports are available on https://netelgroup.com/en/investors/reports-and-presentations/.

Next report
The second quarter report 2024 will be published 12 July, 07:30 a.m. CEST.