Continued focus forward
SECOND QUARTER 2023- Revenue increased by 68% to
SEK 674m (402) -
Operating profit increased by 65% to
SEK -10m (-30) -
Operating margin increased to -1.5% (-7.4)
-
The result for the period increased by 100% to
SEK 64m (32) -
Basic earnings per share* amounted to
SEK 4.41 (2.20) -
Cash flows from operating activities amounted to
SEK 40m (39)
JANUARY - JUNE 2023 - Revenue increased by 52% to
SEK 1,305m (856) -
Operating profit increased by 55% to
SEK -25m (-54) -
Operating margin increased to -1.9% (-6.3)
-
The result for the period decreased by 25% to
SEK 71m (95) -
Basic earnings per share* amounted to
SEK 4.87 (6.50) -
Cash flows from operating activities amounted to
SEK -86m (23)
- Revenue increased by 52% to
SEK 1,305m (856) -
Operating profit increased by 55% to
SEK -25m (-54) - Operating margin increased to -1.9% (-6.3)
-
The result for the period decreased by 25% to
SEK 71m (95) -
Basic earnings per share* amounted to
SEK 4.87 (6.50) -
Cash flows from operating activities amounted to
SEK -86m (23)
SEK m (or as stated) | 2023 Q2 | 2022 Q2 | % | 2023 6M | 2022 6M | % | 2022FY |
Revenue | 674 | 402 | 68% | 1,305 | 856 | 52% | 1,973 |
Gross profit | 84 | 43 | 98% | 169 | 96 | 76% | 250 |
Operating profit | -10 | -30 | 65% | -25 | -54 | 55% | 247 |
Result from continuing operations | 64 | -97 | 166% | 71 | -128 | 155% | 197 |
Result for the period | 64 | 32 | 100% | 71 | 95 | -25% | 440 |
Earnings per share from continuing operations, SEK* | 4.41 | -6.71 | 166% | 4.87 | -8.84 | 155% | -7.53 |
Earnings per share, SEK* | 4.41 | 2.20 | 100% | 4.87 | 6.50 | -25% | 30.28 |
Cash flow from operations | 40 | 39 | -86 | 23 | 215 | ||
Net debt (cash) | -539 | 712 | -539 | 712 | -957 | ||
Gross margin, % | 12.5% | 10.6% | 1.9pp | 12.9% | 11.2% | 1.8pp | 12.7% |
Operating margin, % | -1.5% | -7.4% | 5.8pp | -1.9% | -6.3% | 4.4pp | 12.5% |
Working capital/LTM Revenue, % | 20% | 14% | 6.0pp | 20% | 14% | 6.0pp | 11% |
Equity/total assets, % | 62% | 37% | 24.6pp | 62% | 37% | 24.6pp | 58% |
Return on capital employed, % | 11% | 23% | -12.1pp | 11% | 23% | -12.1pp | 11% |
Return on equity, % | 23% | 22% | 1.2pp | 23% | 22% | 1.2pp | 30% |
*Before dilution.
Lars Corneliusson, President and CEO, comments:
"During the second quarter, we continued work on building the new
In
Stronger sales in both business segments increased the Group's turnover with a better gross margin. Operating profit increased to
The German market remains firm. The market has grown on increased supply to pent-up demand. However, we also see growing uncertainty about the economy. Higher funding costs and inflation make customers more cautious. We see growing interest in electric transport, but customers seek visibility on the roll-out of charging infrastructure. Our operations in
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+46 73 660 72 31
ir@ferronordic.com
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SE-114 34 Stockholm
+46 8 5090 7280
Org. nummer. 556748-7953
www.ferronordic.com
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