Year-end report 2023

Fourth quarter (1 October – 31 December 2023)

• Net sales decreased by 9 percent to SEK 8,997m (9,836), of which 6 percent was attributable to divestments completed earlier in the year.
• Adjusted EBITA decreased by 24 percent to SEK 706m (927), corresponding to an adjusted EBITA margin of 7.8 percent (9.4).
• Operating profit (EBIT) decreased by 34 percent to SEK 520m (792), corresponding to an operating margin of 5.8 percent (8.1).
• Profit for the period decreased by 66 percent to SEK 143m (417).
• Earnings per share before/after dilution amounted to SEK 0.06 (0.22).
• Cash flow from operating activities increased to SEK 1,459m (1,272).
• Three acquisitions were completed, with combined annual sales of SEK 86m.
• One divestment was completed, with annual sales of SEK 25m.

The period (1 January – 31 December 2023)

• Net sales increased by 5 percent to SEK 36,006m (34,250). Organic sales growth was -3 percent.
• Adjusted EBITA increased by 3 percent to SEK 3,238m (3,143), corresponding to an adjusted EBITA margin of 9.0 percent (9.2). Organic EBITA growth was -13 percent.
• Operating profit (EBIT) decreased by 6 percent to SEK 2,446m (2,613), corresponding to an operating margin of 6.8 percent (7.6).
• Profit for the period decreased by 41 percent to SEK 944m (1,592).
• Earnings per share before dilution amounted to SEK 0.47 (0.86) and earnings per share after dilution amounted to SEK 0.46 (0.86).
• Cash flow from operating activities increased to SEK 3,361m (1,628).
• Twelve acquisitions were completed, with combined annual sales of SEK 597m.
• Eleven divestments were completed, with combined annual sales of SEK 1,875m.

Amounts in parentheses are for the corresponding periods in 2022.

Significant events after the end of the period

• The Board of Directors proposes a dividend of SEK 0.09 per share (0.08).

Presentation of the interim report

Daniel Kaplan, CEO, and Lena Glader, CFO, will hold a presentation of the year-end report on 15 February 2024 at 09:00 (CET). The presentation and the subsequent Q&A can be followed via webcast or telephone conference.

For participation via webcast, please use the following link:
https://ir.financialhearings.com/storskogen-group-q4-report-2023/register

If you wish to participate via telephone conference, please register via the link below. After registration you will be provided with a phone number and conference ID to access the conference. You can ask questions verbally via the telephone conference.
https://conference.financialhearings.com/teleconference/?id=50048809

Questions can also be sent to ir@storskogen.com.

The presentation and the webcast will be made available on Storskogen’s website after the presentation and can be found via the following link: www.storskogen.com/en/investors/financial-reports/.