FOURTH QUARTER ENDS A YEAR WITH STRONG GROWTH AND IMPROVED PROFITABILITY
Significant events during the fourth quarter 2023 (OCT-DEC)
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Fourth quarter (October–December 2023)
• Order intake amounted to 103.9 (90.3) MSEK, an increase of 15.0%, of which 9.2% was related to the currency effect.
• Order book by the end of the period was 156.3 (126.0) MSEK, whereof 110.0 MSEK is expected as revenue in 2024.
• Net sales amounted to 70.4 (68.7) MSEK, an increase of 2.5%, whereof 0.7% organic.
• Earnings before interest, tax, depreciation, and amortization (EBITDA) amounted to 2.3 (11.5) MSEK.
• Net income for the period amounted to -2.8 (2.1) MSEK.
• Earnings per share (EPS) were -0.11
• Cash flow from operating activities amounted to -6.1 (26.0) MSEK.
Full-year (January–December 2023)
• Order intake amounted to 304.2 (252.2) MSEK, an increase of 20.6%, of which 10.6% was related to the currency effect.
• The
• Net sales amounted to 273.6 (218.0) MSEK, an increase of 25.5%, whereof 23.9% organic.
• Earnings before interest, tax, depreciation, and amortization (EBITDA) amounted to 24.2 (-3.9) MSEK.
• Net income for the period amounted to -2.8 (-30.7) MSEK.
• Earnings per share (EPS) were -0.11
• Cash flow from operating activities amounted to 38.7 (14.9) MSEK.
CEO Göran Malmberg comments:
We have completed a very strong year with a fourth-quarter where we exceeded last year's order intake and sales levels despite a stronger Q1-Q3 compared to the normal distribution over a year.
In terms of order intake, for the full year, we have now passed
All three of our regions have delivered in a stable manner, with our Asian operations building strong business across the region despite a problematic market situation in
Webcast presentation of the year-end report
The Year-end Report Q4 for the period October – December 2023 will be presented by CEO Göran Malmberg and CFO
The presentation will be held in English. Participants are advised to register at least a few minutes in advance.
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