The trend we have seen previously, with several customers awaiting developments, has continued in the third quarter. Residential construction has declined significantly and there is a clear slowdown in office buildings and public properties. At the same time, there is a significant need in areas such as energy, logistics, defence, industry, and urban development relating to the expansion of infrastructure and the green transition. Several measures have been taken to increase efficiency and improve profitability.
Third quarter, 1 July-
- Net revenue totalled
SEK 170.4 million (181.1) -
EBITA totalled
SEK -20.5 million (-5.3) and the EBITA margin was -12.0 percent (-2.9) -
A cost of
SEK 15.6 million was booked during the quarter, linked to the vacating of offices -
EBIT was
SEK -22.5 million (-7.3) and the operating margin was -13.2 percent (-4.0) -
Earnings for the period totalled
SEK -20.2 million (-7.8) -
Earnings per share for the period amounted to
SEK -0.84 (-0.32); there is no dilution effect -
The underlying EBITA and EBITA margin, i.e. excluding costs related to the vacating of offices, amounted to
SEK -4.9 million and -2.9 percent respectively
1 January-
- Net revenue totalled
SEK 651.2 million (676.8) -
EBITA was
SEK -1.4 million (29.5) and the EBITA margin was -0.2 percent (4.4) -
A settlement agreement regarding a dispute relating to
Soleed Sweden AB (wound up in 2016) affected revenue and EBITA for the period bySEK -5.2 million -
A cost of
SEK 15.6 million was booked during the period, linked to the vacating of offices. -
EBIT was
SEK -7.2 million (23.7) and the operating margin was -1.1 percent (3.5) -
Earnings for the period totalled
SEK -13.1 million (13.0) -
Earnings per share for the period amounted to
SEK -0.54 (0.54); there is no dilution effect -
The underlying EBITA and EBITA margin, i.e. costs related to the vacating of offices and a settlement agreement regarding a dispute, amounted to
SEK 19.4 million and 3.0 percent respectively
You will find the full report here.
Webcasted presentation:
At 09.00 CET a conference call will be held in which
Link to the webcast:
https://ir.pe.se/en/ir/financial-reports/
For further information please contact:
Phone: +46 10-516 00 00
E-mail: helena.hed@pe.se
Mobile: +46 10-516 05 87
E-mail: liselotte.haglind@pe.se
THIS INFORMATION IS INFORMATION THAT PROJEKTENGAGEMANG
This is a translation of the Swedish original. The Swedish text is the binding version and shall prevail in the event of any discrepancies.
About PE
https://news.cision.com/projektengagemang/r/interim-report-on-q3-2023---measures-to-improve-efficiency-and-profitability,c3862415
https://mb.cision.com/Main/13544/3862415/2386766.pdf
https://mb.cision.com/Public/13544/3862415/831d9c8737f9380a.pdf
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