Systemair AB, Year-end report 1 May 2023 - 30 April 2024
SKINNSKATTEBERG,
Fourth quarter February –
- Net sales decreased 1.9 percent to
SEK 3,069 million (3,129). - Organic growth was +1.0 percent (+13.0).
- Operating profit totalled
SEK 233 million (734) and the operating margin was 7.6 percent (23.5). - Adjusted operating profit amounted to
SEK 209 million (282) and the adjusted operating margin was 6.8 percent (8.9). The adjustments refer to a credit loss on accounts receivable inNorway of a total ofSEK -5.4 million and a positive adjustment for hyperinflation calculation ofSEK +29.8 million . - Profit after tax amounted to
SEK 190 million (619). - Cash flow from operating activities totalled
SEK +191 million (+170). - Earnings per share (basic) were
SEK 0.88 (2.96).
12 months May 2023–April 2024
- Net sales increased by 1.6 percent to
SEK 12,257 million (12,058). - Organic growth was +4.1 percent (+15.9).
- Adjusted operating profit amounted to
SEK 1,085 million (1,110). The operating profit (EBIT) amounted toSEK 963 million (1,401), where the largest adjustment ofSEK 125 million refers to restructuring costs related to the move of Menerga's production toSlovenia . In the previous year, capital gains ofSEK 445 million from the divested air conditioning business were reported, among other things. - The adjusted operating margin was 8.8 percent (9.2).
- Profit after tax amounted to
SEK 654 million (1,045). - Cash flow from operating activities amounted to
SEK +1,333 million (+588). - Earnings per share (basic) were
SEK 3.10 (5.00). - The Board of Directors proposes a dividend of
SEK 1.20 (1.10) per share.
"Sales for the fourth quarter were on par with the previous year. We see it as a sign of strength considering that the comparative figures are relatively tough, and the market is uncertain in the short term. We are convinced that there are good opportunities for continued organic growth and improved profitability. We continue to invest long-term to strengthen our delivery capacity and product development. The commitment to a good indoor environment and technical innovation are central driving forces in our business, supported by global climate goals and directives in energy saving."
Press and analyst meeting will be organised at
The report will be presented by
To participate in the webcast:
If you would like to participate in the webcast, please register via the link below. After registration, you will receive a link to confirm your email. There will be an opportunity to ask questions at any time during the presentation by submitting a written question via webcast.
https://www.investis-live.com/systemair/6645c78402115e0d006ffc3d/paerf
If you wish to participate by phone, see details below:
International: +44 (0) 207 107 06 13
Code: 43948174
Above information is published at group.systemair.com
After the event the presentation and webcast will be available on our web https://group.systemair.com/investor-relations/reports-and-presentations/
For further information contact:
Anders Ulff, CFO, + 46 70 577 40 09
Note
: This information is information that
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
Systemair_Interim report_Q4 |
View original content:https://www.prnewswire.co.uk/news-releases/systemair-ab-year-end-report-1-may-2023--30-april-2024-302162797.html
![](https://rt.prnewswire.com/rt.gif?NewsItemId=EN30708&Transmission_Id=202406040115PR_NEWS_EURO_ND__EN30708&DateId=20240604)