Clear earnings improvement creating future opportunities.
CEO comment:
We ended the year on a strong note and our large divisions, Vardaga, Nytida and Stendi, posted favourable earnings for the fourth quarter. The strong trend for Stendi continued and the division's occupancy surpassed our expectations, which had a positive impact on earnings. Stendi's EBITA increased to
The fact that we delivered a strong financial performance while also receiving high ratings in the quarter's care receiver surveys is particularly gratifying. In the National
Organic growth and margin improvement
In the fourth quarter, net sales rose 6 per cent to
Share buyback
Free cash flow totalled
Fourth quarter October-December
- Net sales rose 6 per cent to
SEK 3,412 million (3,225).Organic growth was 7 per cent and acquired/divested growth was -1 per cent. -
Operating profit (EBIT) totalled
SEK 264 million (140). -
EBITA was
SEK 286 million (170), representing a margin of 8.4 percent (5.3) . -
Profit for the period totalled
SEK 133 million (22). -
Earnings per share were
SEK 1.48 (0.24) before and after dilution. -
Cash conversion was 125.7 per
cent (121.3) . -
Free cash flow totalled
SEK 592 million (402).
Full-year January-December
- Net sales rose 5 per cent to
SEK 13,312 million (12,635).
Organic growth was 6 per cent and acquired/divested growth was -1 per cent. -
Operating profit (EBIT) totalled
SEK 981 million (843). -
EBITA was
SEK 1,076 million (954), representing a margin of 8.1 percent (7.6) . -
Profit for the period totalled
SEK 455 million (366). -
Earnings per share were
SEK 5.07 (3.89) before and after dilution. -
Cash conversion was 94.9 per
cent (95.6) . -
Free cash flow totalled
SEK 1,631 million (1,451). -
The Board proposes a dividend of
SEK 1.50 (1.25) per share for 2023
Webcast/telephone conference
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Telephone conference
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The quarterly earnings report and associated presentation will be available on www.ambea.com
This disclosure contains information that
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E-mail: ir@ambea.se
Telephone: +46 (0)10 33 00 501
E-mail: press@ambea.se
https://news.cision.com/ambea/r/ambea-s-year-end-report-2023,c3924587
https://mb.cision.com/Main/5048/3924587/2590183.pdf
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