Interim report Q1 2024
Strong improvement in operating profit
Quarter January-March 2024
- Net sales amounted to SEK 147.8 million (143.1), corresponding to an increase of 3.3 percent. Organic sales growth amounted to 5.4 percent, exchange rate effects amounted to -2.1 percent.
- The number of instruments sold amounted to 1,377 (1,039), which is an increase of 32.5 percent.
- The gross profit amounted to SEK 68.3 million (66.1), which corresponds to a gross margin of 46.2 percent (46.2).
- The operating profit amounted to SEK 15.4 million (12.1), which corresponds to an operating margin of 10.5 percent (8.5).
- Operating profit adjusted for non-recurring expenses (attributable to the change of CEO) amounted to SEK 19.1 million (12.1), which corresponds to an operating margin of 12.9 percent (8.5).
- The profit for the period amounted to SEK 9.8 million (7.9).
- Earnings per share before dilution amounted to SEK 0.25 (0.20) and after dilution to SEK 0.25 (0.20).
- Cash flow from operating activities amounted to SEK 12.5 million (-9.0).
- As of March 31, net cash amounted to SEK 40.9 million (62.6).
| Key figures | Jan-Mar 2024 | Jan-Mar 2023 | Apr 23 -Mar 24 | Apr 22 -Mar 23 |
|---|---|---|---|---|
| Sales growth, % | 3.3 | 8.1 | 3.1 | 12.8 |
| Net sales, SEK million | 147.8 | 143.1 | 576.0 | 558.8 |
| Gross margin, % | 46.2 | 46.2 | 43.7 | 42.4 |
| Operating profit (EBIT), SEK million | 15.4 | 12.1 | 42.6 | 30.8 |
| Operating margin (EBIT), % | 10.5 | 8.5 | 7.4 | 5.5 |
| Profit for the period, SEK million | 9.8 | 7.9 | 27.0 | 16.0 |
| Net cash (+) net debt (-), SEK million | 10.5 | 6.2 | 10.5 | 6.2 |
| Return on equity, % | 2.0 | 2.0 | 5.6 | 4.1 |
| Net cash (+) net debt (-) / EBIT (R12), times | 0.2 | 0.5 | 0.2 | 0.2 |
| Diluted earnings per share, SEK | 0.25 | 0.20 | 0.17 | 0.12 |
| Cash flow from operating activities, SEK million | 12.5 | -9.0 | 72.9 | -20.1 |
Latest updated: 5/7/2024 6:33:38 AM by Johan Engman