Storskogen
Year-end report 2023
Fourth quarter (1 October – 31 December 2023)
- Net sales decreased by 9 percent to SEK 8,997m (9,836), of which 6 percent was attributable to divestments completed earlier in the year.
- Adjusted EBITA decreased by 24 percent to SEK 706m (927), corresponding to an adjusted EBITA margin of 7.8 percent (9.4).
- Operating profit (EBIT) decreased by 34 percent to SEK 520m (792), corresponding to an operating margin of 5.8 percent (8.1).
- Profit for the period decreased by 66 percent to SEK 143m (417).
- Earnings per share before/after dilution amounted to SEK 0.06 (0.22).
- Cash flow from operating activities increased to SEK 1,459m (1,272).
- Three acquisitions were completed, with combined annual sales of SEK 86m.
- One divestment was completed, with annual sales of SEK 25m.
The period (1 January – 31 December 2023)
- Net sales increased by 5 percent to SEK 36,006m (34,250). Organic sales growth was -3 percent.
- Adjusted EBITA increased by 3 percent to SEK 3,238m (3,143), corresponding to an adjusted EBITA margin of 9.0 percent (9.2). Organic EBITA growth was -13 percent.
- Operating profit (EBIT) decreased by 6 percent to SEK 2,446m (2,613), corresponding to an operating margin of 6.8 percent (7.6).
- Profit for the period decreased by 41 percent to SEK 944m (1,592).
- Earnings per share before dilution amounted to SEK 0.47 (0.86) and earnings per share after dilution amounted to SEK 0.46 (0.86).
- Cash flow from operating activities increased to SEK 3,361m (1,628).
- Twelve acquisitions were completed, with combined annual sales of SEK 597m.
- Eleven divestments were completed, with combined annual sales of SEK 1,875m.
Amounts in parentheses are for the corresponding periods in 2022.
Significant events after the end of the period
- The Board of Directors proposes a dividend of SEK 0.09 per share (0.08).
Presentation of the interim report
Daniel Kaplan, CEO, and Lena Glader, CFO, will hold a presentation of the year-end report on 15 February 2024 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-q4-report-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=50048809
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/.
Datum | 2024-02-15, kl 07:00 |
Källa | Cision |