Stockwik publishes quarterly report January 1st - March 31st, 2024
May 15, 2024 at 07:01 am
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ORGANIC GROWTH RATE AND IMPROVED CASH FLOW
The group's net sales increased by 4.1 percent during the first quarter of the year compared to the corresponding period last year. Operating profit before amortization of intangible assets (EBITA) was SEK 12.0 million compared to SEK 14.2 million. The decrease in profit is mainly due to increased personnel costs, among other things, CEO successions in several companies.
QUARTER 1 JAN - 31 MAR 2024
MSEK
jan-mar 2024
jan-mar 2023
Δ%
of which organic, in percentage points
of which acquired growth in percentage points
Net sales
200,8
192,9
4,1%
4,1%
-
EBITDA
22,6
22,6
-0,1%
-0,1%
-
EBITA
12,0
14,2
-15,7%
-15,7%
-
EBIT
9,8
10,6
-7,5%
Profit before tax
-3,7
-5,0
Profit after tax
-3,2
-3,6
EBITA-margin %
6,0%
7,4%
Operational cash flow
13,1
8,3
Earnings per share before dilution, SEK
-0,5
-0,5
Earnings per share after dilution, SEK
-0,5
-0,6
ROLLING 12 MONTHS APRIL 1ST 2023 - MARCH 31ST, 2024
MSEK
Apr 2023 - Mar 2024
Apr 2022 - Mars 2023
Δ%
of which organic, in percentage points
of which acquired growth in percentage points
Net sales
826,9
806,4
2,5%
2,5%
-
EBITDA
89,5
86,5
3,5%
3,5%
-
Adjusted EBITDA*
98,4
86,5
EBITA
47,6
56,2
-15,3%
-15,3%
Adjusted EBITA
56,8
56,2
EBIT
36,7
40,1
-8,4%
-8,4%
-
Profit before tax
-22,7
-6,4
Profit after tax
-36,9
-2,6
EBITA-margin %
5,8%
7,0%
Adjusted EBITA-margin %
6,9%
7,0%
Operational cash flow
40,6
17,4
Earnings per share before dilution, SEK
-5,7
-0,5
Earnings per share after dilution, SEK
-5,7
-0,5
Net debt
386,6
365,8
Net debt/EBITDA
4,3
4,2
Net debt/adjusted EBITDA*
3,9
4,2
* Adjusted EBITDA in accordance with the bond terms
This information is being disclosed by Stockwik Förvaltning AB (publ) in compliance with the Market Securities Act. The information was submitted for publication at 08:00 (CEST) on May 15th, 2024, through the designated contact person provided below.
For further information, please contact: Urban Lindskog, President and CEO Stockwik Förvaltning AB (publ) E-mail: info@stockwik.se
About Stockwik
Stockwik offers a stable platform for small businesses to develop both organically and through acquisitions. Stockwik's companies offer value-adding products and services to corporate customers. Stockwik is listed on Nasdaq Stockholm Small Cap with the short name STWK.
Stockwik Forvaltning AB is a Sweden-based investor, which manages a portfolio on a long term basis. The Companyâs portfolio comprises BergFast AB, which is engaged in external property management and gardening; Aktiv Fastighets Forvaltning i Nacka AB (AFF), which deals with technical property management, land management, source sorting and refurbishments; Kallhalls Rot & VVS-system AB (KRVVS), active within area of plumbing; as well as Vaxholms Varmeservice AB, an electrical and plumbing installation company.