INTERIM REPORT |
This is a summary of
JANUARY-
- Net sales totalled
EUR 23.3 million (25.3), decreasing by 7.8 % -
EBITDA was
EUR 0.9 million (1.4), and comparable EBITDA wasEUR 1.1 million (1.4) -
Operating profit (EBIT) was
EUR 0.4 million (0.9), and comparable operating profit (EBIT) wasEUR 0.6 million (0.9) -
Earnings per share (EPS) was
EUR 0.03 (0.08) and comparable earnings per share (EPS) wasEUR 0.06 (0.08) - The equity ratio was 42.0% (41.6)
FINANCIAL GUIDANCE 2024 (UNCHANGED)
Wulff estimates that net sales will increase, and that the comparable operating profit will remain at a good level in 2024.
The guidance is based on management's assessment of the market and business situation in
key figures
Q1/2024 | Q1/2023 | 2023 | |
Net sales | 23 279 | 25 252 | 93 782 |
Change in net sales, % | -7.8% | -1.4% | -8.2% |
EBITDA | 889 | 1 417 | 5 110 |
EBITDA margin, % | 3.8% | 5.6% | 5.4% |
Comparable EBITDA | 1 065 | 1 417 | 5 470 |
Comparable EBITDA margin, % | 4.6% | 5.6% | 5.8% |
Operating profit/loss | 390 | 909 | 3 170 |
Operating profit/loss margin, % | 1.7% | 3.6% | 3.4% |
Comparable operating profit/loss | 566 | 909 | 3 530 |
Comparable operating profit/loss margin, % | 2.4% | 3.6% | 3.8% |
Comparable profit/loss before taxes | 251 | 676 | 2 492 |
Comparable profit/loss before taxes margin, % | 1.1% | 2.7% | 2.7% |
Net profit/loss for the period attributable to equity holders of the parent company | 201 | 561 | 2 087 |
Net profit/loss for the period, % | 0.9% | 2.2% | 2.2% |
Comparable net profit/loss for the period attributable to equity holders of the parent company | 377 | 561 | 2 446 |
Comparable net profit/loss for the period, % | 1.6% | 2.2% | 2.6% |
Earnings per share, EUR (diluted = non-diluted) | 0.03 | 0.08 | 0.31 |
Comparable earnings per share, EUR (diluted = non-diluted) | 0.06 | 0.08 | 0.36 |
Cash flow from operating activities | -739 | -1 405 | 4 560 |
Return on equity (ROE), % | 0.2 % | 2.8% | 9.9% |
Return on investment (ROI), % | 0.9 % | 2.4% | 9.0% |
Equity-to-assets ratio at the end of period, % | 42.0% | 41.6% | 45.5% |
Debt-to-equity ratio at the end of period | 66.6% | 68.4% | 52.5% |
Investments in non-current assets | 494 | 451 | 1 649 |
Personnel on average during the period | 263 | 275 | 262 |
Although our net sales decreased slightly, we are satisfied with that the beginning of the year has started according to expectations and our position as a partner in selected industries, for example in the care industry, has strengthened.
In the beginning of the year, the net sales was affected by the general sluggishness of the market both in
We changed our reporting structure from the beginning of 2024 to better highlight the development of the company's various businesses. The new reporting structure consists of two reportable segments: Worklife Services and Products for Work Environments.
The Worlife Services Segment includes exhibition, event, and space design services both internationally and domestically, solutions and services for office and professional printing and document management, accounting and financial management services, and staff leasing services. The Products for Work Environments Segment consists of the business of workplace products and services in
We have a good business strategy, we are committed to our guidance, and we expect our net sales to grow and the comparable operating profit to remain at a good level. I'm proud of how important it is for everyone in Wulff to inluence the development of our business in becoming even more responsible and in offering the best customer service in the industry. Wulff's strong sales culture is also appreciated by our customers and partners: we are trusted as the best in the industry and as the most expert distribution channel.
GROUP'S NET SALES AND RESULT PERFORMANCE
In January-
The gross margin amounted to
In January-
Other operating expenses amounted to
In January-
In January-
In January-
The net profit was
Earnings per share (EPS) were
SUBSEQUENT EVENTS
Half-Year Report January-
Interim Report January-
In Espoo on
BOARD OF DIRECTORS
Further information:
CEO
tel. +358 40 647 1444
e-mail: elina.rahkonen@wulff.fi
DISTRIBUTION
Key media
www.wulff.fi/en
A better world - one workplace at a time. We enable better and more sustainable work environments and a perfect working day. We make the workplace where you do your work. Here you can find today's workplace products: e.g. cafe supplies, real estate and cleaning maintenance products, office and IT supplies, ergonomics, first aid, hygiene, protection and safety products, air purification, and innovative products for construction sites. Our selection also includes high-quality
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https://mb.cision.com/Main/12579/3964900/2747513.pdf
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