GÖTEBORG, Sweden, Feb. 8, 2024 /PRNewswire/ —
PERIOD 1 OCTOBER – 31 DECEMBER 2023
Net sales amounted to SEK 2,735.9 million, which was 3% lower than last year (SEK 2,815.1 million). Currency changes affected net sales positively by 2% and acquired business by 1%.
Operating result amounted to SEK 518.7 (547.2) million.
Result for the period amounted to SEK 366.4 (446.2) million.
Earnings per share amounted to SEK 2.76 (3.36). *
Cash flow from operating activities amounted to SEK 753.5 (-232.9) million.
PERIOD 1 JANUARY – 31 DECEMBER 2023
Net sales amounted to SEK 9,512.9 million, which was 8% higher than last year (SEK 8,843.6 million). Currency changes affected net sales positively by 4% and acquired business by 6%.
Operating result amounted to SEK 1,577.2 (1,505.1) million.
Result for the period amounted to SEK 1,119.0 (1,168.8) million.
Earnings per share amounted to SEK 8.43 (8.81). *
Cash flow from operating activities amounted to SEK 963.8 (-360.0) million.
Equity ratio amounted to 60.2 (53.8) %.
Net debt to equity ratio amounted to 31.4 (39.5) %.
*Recalculated with regard to the 2:1 share split carried out in June 2023.
ANNUAL GENERAL MEETING
The board proposes that the general meeting decide on a dividend of SEK 3.50 per share, with half-yearly payments of SEK 1.75 per share each.
CEO COMMENTS
October – December
4th quarter continued with very strong margins and cash flow
Despite a challenging market, we managed well even though we saw a decline in net sales of 3%. I am very satisfied with the fact that we delivered SEK 518.7 million in operating result, even if it meant a reduction in the quarter of SEK 28.5 million, it is still the second highest quarterly profit in our history and our operating margin amounted to 19.0%.
As we said earlier, we worked on achieving a good cash flow and it is gratifying that the cash flow …
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