GROWTH, EARNINGS IMPROVEMENT AND STRONG CASH FLOW
» We started 2024 with 22 percent growth. A stronger market in the USA, the acquisition of Team D3 and cost efficiency measures contributed to a 15 percent increase in earnings per share. We will continue to pursue daily improvements, while also investing in new digital solutions and acquisitions. «
Johan Andersson
President and CEO
Summary of the first quarter, January–March 2024
- Net sales increased by 22 percent to SEK 2,409 m (1,972), of which 1 percent was organic. Currency-adjusted organic growth was 0 percent.
- Gross profit increased to SEK 1,101 m (941), and the gross margin was 45.7 percent (47.7).
- EBITA rose to SEK 253 m (202), and the EBITA margin was 10.5 percent (10.2).
- Operating profit increased to SEK 187 m (149), and the operating margin was 7.8 percent (7.6).
- Net profit for the period rose to SEK 120 m (104).
- Earnings per share increased to SEK 0.90 (0.78).
- Cash flow from operating activities increased to SEK 381 m (269).
- Merger of sister companies Sokigo and S-GROUP Solutions.
- Acquisition of Efficture by the newly established company Icebound.
- Acquisition of Jetas Quality Systems.
Events after the end of the reporting period
- Jonas Gejer, VP of Business Development, steps down from his position.