Net sales decreased by 13 percent to SEK 219 (253) million, while operating profit, adjusted EBITA, amounted to SEK 6 (25) million in Q1. The weak trend that ended 2023 continued during the beginning of 2024 and resulted in negative organic growth and pressure on margins.
Unless stated otherwise, the figures in this report concern continuing operations.
Q1 2024
- Net sales amounted to SEK 219 (253) million. Growth amounted to -13 percent, of which organic growth for comparable entities amounted to -17 percent compared with the same period in 2023
- Operating profit/loss (EBIT) amounted to SEK -1 (10) million
- EBITA amounted to SEK 5 (16) million, corresponding to a margin of 2 (6) percent
- Adjusted EBITA amounted to SEK 6 (25) million, corresponding to a margin of 3 (10) percent
- Basic and diluted earnings per share amounted to SEK -0.12 (-0.55*)
Significant events after the reporting period
- On April 12, Daniel Repfennig was appointed as new President and CEO. He will take up the role as soon as possible, but no later than September 16.
*) Key ratios inclusive of divested business
The interim report is available on Seafire’s website (https://www.seafireab.com/en/financial-information).