PERIOD 1 APRIL -
- Net sales amounted to
SEK 2,304.5 million , which was 14% higher than last year (SEK 2,019.2 million ). Currency changes affected net sales positively by 5% and acquired business by 9%. -
Operating result amounted to
SEK 363.9 (351.0) million. -
Result for the period amounted to
SEK 259.6 (265.0) million. -
Earnings per share amounted to
SEK 1.96 (2.00).* -
Cash flow from operating activities amounted to
SEK 230.1 (68.1) million.
PERIOD 1 JANUARY -
- Net sales amounted to
SEK 4,440.0 million , which was 17% higher than last year (SEK 3,794.1 million ). Currency changes affected net sales positively by 5% and acquired business by 9%. -
Operating result amounted to
SEK 677.3 (560.1) million. -
Result for the period amounted to
SEK 481.8 (418.5) million. -
Earnings per share amounted to
SEK 3.63 (3.15). * -
Cash flow from operating activities amounted to
SEK 37.0 (73.3) million. - Equity ratio amounted to 54.9 (59.0)%.
- Net debt to equity ratio amounted to 42.8 (27.0)%.
*Recalculated with regard to the 2:1 share split carried out in
CEO COMMENTS
New all-time high in both net sales and operating result - again!
Despite the fact that the market was weaker in the second quarter than we assessed in the first quarter, both in promo and in the retail trade, we still reached a new all-time high in sales. Net sales amounted to
We also managed to increase operating result by
The profit increase is due to good cost control, even though during the quarter we increased investments in both market, products and personnel and invested more time and costs analyzing various potential acquisitions. It is the 9th quarter in a row that we have increased net sales and the 10th quarter in a row that we have increased operating result.
The half year
Again, a new all-time high for the half year. Net sales amounted to
Rolling 12 months
On a rolling full year, net sales now amount to
Cash flow and balance sheet
Our balance sheet is still very strong with an equity ratio of 54.9%. We started in the first quarter to focus on improving our cash flow, which is already paying off. Cash flow from operating activities amounted to
The future
The future looks very bright. In the short term, we will face a challenging market, which we will monitor closely. Our brands, our organization, our finances, our balance sheet, etc. provide great opportunities to emerge from the current weaker market stronger than ever.
The market will be challenging for the next 2-3 quarters, but we can overcome that by gaining market share. Difficult times offer great opportunities, especially considering our capital, organization and strong balance sheet for acquisitions. In 9 months we have acquired both
We have now made two acquisitions in 9 months, this can be compared to no acquisition at all during 10 years (2012-2022) when we deemed that the market had too high valuations and low interest rates.
It has been a fun and exciting journey and it is only beginning. Thank you all for this quarter. Now the journey continues.
FOR MORE INFORMATION, PLEASE CONTACT:
CEO and Group CEO
Phone: +46 31-712 89 01
E-mail: torsten.jansson@nwg.se
Deputy CEO
Göran Härstedt
Phone: +46 (0) 70- 362 56 11
E-mail: goran.harstedt@nwg.se
CFO
Lars Jönsson
Phone: +46 31-712 89 12
E-mail: lars.jonsson@nwg.se
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