Systemair

Press release, 31 August 2023

First quarter, May - July 2023

• Net sales increased by 11.4 percent to SEK 3,175 million (2,849).
• Organic growth was +10.7 percent (+14.3).
• Operating profit (EBIT) totalled SEK 335 million (270).
• The operating margin was 10.5 percent (9.5).
• Profit after tax amounted to SEK 242 million (217).
• Earnings per share (basic) were SEK 1.17 (1.04).
• Cash flow from operating activities amounted to SEK +307 million (-65).

Roland Kasper, President and CEO, comments:

"Systemair's financial year began with a strong first quarter. Net sales increased to SEK 3,175 million, with organic growth of 10.7 percent (14.3). Operating profit improved to SEK 335 million (270) and the operating margin to 10.5 percent (9.5). We remain positive about the future; energy-efficient ventilation products and a good indoor climate are increasingly being seen as important in society."

To participte in the webcast at 13.30, August 31: 

If you would like to participate in the webcast, please register via the link below.

After registration, you will receive a link to confirm your email.

There will be an opportunity to ask questions at any time during the presentation by submitting a written question via webcast.

https://www.investis-live.com/systemair/64db6cbf2be9e41300f808e4/hdrt

If you wish to participate by phone, see details below:

Sweden: +46 (0)8 5051 0031

International: +44 (0) 207 107 06 13

Code: 43046723

Above information is published at group.systemair.com

For further information contact:

Roland Kasper, CEO, + 46 73 094 40 13

Anders Ulff, CFO, + 46 70 577 40 09

Systemair AB, SE-739 30 Skinnskatteberg, Sweden, +46 222 440 00, www.systemair.com

Note: The information here is that which Systemair AB is obliged to make public under the EU's market abuse regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 13:00 (CET) on August 31, 2023.

Systemair in brief

Systemair is a leading ventilation company operating in 51 countries in Europe, North America, the Middle East, Asia, Australia and Africa. The company had a turnover of SEK 12.1 billion in the 2022/23 financial year and employs approximately 6,600 employees today. Systemair has reported an operating profit yearly since 1974 when the company was founded. Over the past 10 years, growth has averaged 10.5 percent. Systemair helps to improve the indoor climate with the help of energy-efficient and sustainable products that reduce carbon dioxide emissions.

Systemair has a well-established business in growth markets. Systemair shares have been quoted on the Nasdaq OMX Nordic Exchange in Stockholm since October 2007 and are today traded on the Large Cap List. The Group comprises about 90 companies.