Netel
Interim Report January-September 2023
MAR
Higher earnings with continued growing order backlog and strong organic growth
| Third quarter • Net sales increased 14.2 per cent to MSEK 890 (779), of which organic growth was 9.3 per cent. • Adjusted EBITA MSEK 50 (49), with an adjusted EBITA margin of 5.6 per cent (6.3). • EBITA MSEK 46 (43) with an EBITA margin of 5.2 per cent (5.6). • Operating profit (EBIT) MSEK 45 (42), with an operating margin of 5.1 per cent (5.4). • Profit for the period MSEK 13 (31). • Earnings per share before and after dilution SEK 0.27 (0.65). • Cash flow from operating activities MSEK 2 (7). January–September • Net sales increased 12.9 per cent to MSEK 2,434 (2,157), of which organic growth was 5.0 per cent. • Adjusted EBITA MSEK 101 (125), with an adjusted EBITA margin of 4.1 per cent (5.8). • EBITA MSEK 73 (111) with an EBITA margin of 3.0 per cent (5.1). • Operating profit (EBIT) MSEK 70 (108), with an operating margin of 2.9 per cent (5.0). • Profit for the period MSEK 7 (75). • Earnings per share before and after dilution SEK 0.15 (1.58). • Cash flow from operating activities MSEK 39 (-114). • Net debt amounted to MSEK 798 (692) and net debt/adjusted EBITDA to 3.2 (2.7). • The order backlog increased to MSEK 4,104 (3,257). Significant events during and after the third quarter • Three-year framework agreements signed with the Swedish Defense Material Administration worth in total MSEK 480. • Extended partnership with Elvia, Norway’s largest power operator, to a new region. • Agreement with Norwegian energy and telecom company Eidsiva on the roll-out of the fiber backbone network north of Oslo. • The merger of the two British companies acquired in the autumn of 2022 was completed. • Klas Eldebrandt was appointed Head of the Power business area in Sweden and Fredrik Land Head of the Infraservices business area in Sweden. Webcast presentation and teleconference Jeanette Reuterskiöld, acting President and CEO, and Peter Andersson, CFO, will present the interim report on Wednesday 8 November at 9:00 a.m. CET 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-q3-2023. 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=5007964.. 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 fourth quarter and year-end report will be published 16 February 2024, 07:30 a.m. CET. |
| Datum | 2023-11-08, kl 07:30 |
| Källa | MFN |
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