Alligo AB Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 16, 2024 at 02:00 am EST
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Alligo AB (publ) reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was SEK 2,538 million compared to SEK 2,723 million a year ago. Revenue was SEK 2,579 million compared to SEK 2,753 million a year ago. Net income was SEK 188 million compared to SEK 193 million a year ago. Basic earnings per share from continuing operations was SEK 3.76 compared to SEK 3.82 a year ago. Diluted earnings per share from continuing operations was SEK 3.76 compared to SEK 3.82 a year ago.
For the full year, sales was SEK 9,335 million compared to SEK 9,211 million a year ago. Revenue was SEK 9,462 million compared to SEK 9,333 million a year ago. Net income was SEK 491 million compared to SEK 4,061 million a year ago. Basic earnings per share from continuing operations was SEK 9.76 compared to SEK 9.51 a year ago. Basic earnings per share was SEK 9.76 compared to SEK 80.44 a year ago.
Alligo AB, formerly Momentum Group AB is a Sweden-based reseller of industrial consumables and components, as well as service and maintenance to professional end users in the industrial and construction sectors in Sweden, Norway and Finland. The Company comprises four operating sectors, which are organized under two business areas: Tools, Supplies, Workwear & Protection as well as Components & Services. The first business area comprises UNIVERN AS, TriffiQ Foretagsprofilering AB, Swedol AB (publ) and Mercus Yrkesklader AB. The business has focus on the sale of tools, personal protective equipment and other consumables to the industrial and construction markets. The second business area comprises Momentum Industrial AB and Obergs i Karlstad AB, among others, which focus on the sale of spare parts for production and workplace equipment mainly to customers within industrial sector.
ALLIGO AB 
