Stable position on a continued weak market.
First quarter highlights
- Revenue decreased by -5.2 per cent to MSEK 2,169 (2,287). Organic growth was -6.3 per cent.
-
Gross margin increased to 41.1 per
cent (39.7) . -
Adjusted EBITA decreased to MSEK 84 (127), corresponding to an adjusted EBITA margin of 3.9 per
cent (5.6) . -
Operating profit decreased to MSEK 65 (112) and the operating margin was 3.0 per
cent (4.9) . Operating profit was charged with items affecting comparability of MSEK -4 (0). - Profit amounted to MSEK 23 (68).
-
Earnings per share amounted to
SEK 0.46 1 (1.351). - Cash flow from operating activities amounted to MSEK 128 (146).
1) Before and after dilution.
Significant events during the first quarter
Alligo completed the acquisitions of Svets och Tillbehör iSverige AB , Svetspartner i Malmö AB and Tore Vagle AS on2 January 2024 .- New stores were opened in Boden, Västervik and Herttoniemi during the quarter.
Events after the end of the period
- On 24 April,
Alligo signed an agreement to acquire 100 per cent of the shares in Finnish companies HämeenTeollisuuspalvelu Oy and RiihimäenTeollisuuspalvelu Oy . The companies have operations at several locations in southernFinland and sell tools, consumables, industrial components, workwear and personal protective equipment and generate a combined annual revenue of approximately MEUR 15.
Comments from the CEO
"
"During the first quarter, we continued to offset the underlying changes on the market by making adjustments to our cost structure, while also continuing to work to strengthen our offering and position."
"During the quarter, we initiated the launch of a full range of industrial fixings under our own brand, Inno. The range includes the most common fixing products that our customers buy today."
"The Nordic region is fundamentally a strong market and as we now put another quarter behind us, I believe that we are also one step closer to a turning of the tide."
Presentation of the interim report for the first quarter 2024
Date and time: Thursday Apr 25, 2024, at
Telephone conference:https://register.vevent.com/register/BI6048b04078764ae897b1aeacdad3addb
Participants need to register in advance of the conference call using the link above. Upon registering, each participant will be provided with Participant Dial-In Number, and a unique Personal PIN.
Contact information:
Clein Ullenvik, President & CEO
Tel +46 8 712 00 00
ir@alligo.com
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