Storskogen

Third quarter (1 July-30 September 2023)

• Net sales decreased by 1 percent to SEK 8,333m (8,417).
• Adjusted EBITA decreased by 6 percent to SEK 725m (772), corresponding to an adjusted EBITA margin of 8.7 percent (9.2).
• Operating profit (EBIT) decreased by 27 percent to SEK 489m (671), corresponding to an operating margin of 5.9 percent (8.0).
• Profit for the period decreased by 63 percent to SEK 170m (463).
• Earnings per share before dilution amounted to SEK 0.09 (0.26) and earnings per share after dilution amounted to SEK 0.08 (0.26).
• Cash flow from operating activities increased to SEK 584m (204).
• Two acquisitions were completed, with combined annual sales of SEK 112m.
• Five divestments were completed, with combined sales in the previous 12-month period of SEK 578m.
• Storskogen redeemed the remaining SEK 404m of the outstanding bonds maturing in April 2024, through early redemption.

The period (1 January-30 September 2023)

• Net sales increased by 11 percent to SEK 27,009m (24,414). Organic sales growth was -2 percent.
• Adjusted EBITA increased by 14 percent to SEK 2,532m (2,216), corresponding to an adjusted EBITA margin of 9.4 percent (9.1). Organic EBITA growth was -9 percent.
• Operating profit (EBIT) increased by 6 percent to SEK 1,926m (1,821), corresponding to an operating margin of 7.1 percent (7.5).
• Profit for the period decreased by 32 percent to SEK 801m (1,176).
• Earnings per share before/after dilution amounted to SEK 0.40 (0.64).
• Cash flow from operating activities increased to SEK 1,903m (356).
• Nine acquisitions were completed, with combined annual sales of SEK 511m.
• Ten divestments were completed, with combined annual sales of SEK 1,850m.

Amounts in parentheses are for the corresponding periods in 2022.

Significant events after the end of the period

• No significant events have occurred after the end of the period.

Presentation of the interim report

Daniel Kaplan, CEO, and Lena Glader, CFO, will hold a presentation of the interim report on 7 November 2023 at 09:00 (CET). The presentation and the subsequent Q&A can be followed via webcast or telephone conference.

For participation via webcast, please use the following link:
https://ir.financialhearings.com/storskogen-group-q3-2023/register

If you wish to participate via telephone conference, please register via the link below. After registration you will be provided with a phone number and conference ID to access the conference. You can ask questions verbally via the telephone conference.
https://conference.financialhearings.com/teleconference/?id=5009345

Questions can also be sent to ir@storskogen.com.

The presentation and the webcast will be made available on Storskogen's website after the presentation and can be found via the following link: www.storskogen.com/en/investors/financial-reports/.