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Volati Interim report January–June 2023

MAR

Good earnings growth and improved cash flow
We can look back on a good second quarter in which EBITA increased by 10 percent to SEK 249 million. Margin-improvement measures in all business areas have enabled the Group to strengthen its EBITA margin compared with the previous year. Efforts to reduce tied-up capital continue to produce positive effects. Operating cash flow for the first half of the year improved by SEK 328 million compared with the previous year, giving us the flexibility and conditions for continued growth.

Andreas Stenbäck, President and CEO

For the full CEO-comment, see the Interim report in its entirety.

Quarter April-June 2023

  • Net sales increased by 3 percent to SEK 2,251 (2,180) million
  • EBITA increased by 10 percent to SEK 249 (226) million
  • Profit after tax increased by 2 percent to SEK 153 (150) million
  • Earnings per ordinary share increased by 2 percent to SEK 1.67 (1.64)
  • On 2 May, the acquisition of the packaging company Sweja Industriförnödenheter AB for the Salix Group business area was completed
  • On 11 April, a new credit facility totalling SEK 2,900 million was agreed with Nordea and SEB, which was linked to sustainability goals during the quarter

Events after the reporting period

  • No significant events have taken place after the end of the reporting period

Conference call
CEO Andreas Stenbäck and CFO Martin Aronsson will present the interim report in a conference call 17 July at 09.00 CEST. The presentation will be conducted in English.

Telephone number to participate in the conference call: +46 8 4468 2488 (then dial meeting ID: 857 3608 3800). To ask questions to the CEO/CFO, please press *9 on your phone. To withdraw the question, you can do so by pressing *9.

Link to the webcast: https://www.finwire.tv/webcast/volati/q2-2023/

The presentation and webcast will be available on www.volati.se after the conference call.

For further information, please contact:
Andreas Stenbäck, CEO Volati AB, +46 70-889 09 60, andreas.stenback@volati.se
Martin Aronsson, CFO Volati AB, +46 70-741 20 12, martin.aronsson@volati.se

This information is information that Volati AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 2023-07-17 07:45 CEST.

Volati AB (publ)
Engelbrektsplan 1, SE-114 34 Stockholm
Tel: +46 8 21 68 40
Email: info@volati.se
Corp. reg. no.: 556555-4317

About Volati
Volati is a Swedish industrial group with the vision to be Sweden’s best owner of medium-sized companies. Through value-creating add-on acquisitions and long-term, sustainable company development, Volati has been delivering consistently strong profitable growth since the start in 2003. The Group consists of the business areas Salix Group, Ettiketto Group and Industry, with operations in 21 countries, about 2,000 employees and annual sales of approximately SEK 8.0 billion. Volati’s ordinary shares and preference shares are listed on Nasdaq Stockholm. Further information is available at www.volati.se.

Attachments
Interim report Q2 2023

Datum 2023-07-17, kl 07:45
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Interim report Q2 2023
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