Slower start of the year while ambition still in line with financial targets.
Significant events during the first quarter 2024 (Jan - Mar)
Financial targets
Growth
20-30% annual growth in net sales.
Profitability
To reach a 20% EBITDA margin within three years with a longer-term target of 30%.
FIRST QUARTER 2024 (JAN - MAR)
Order intake amounted to 38 (58) MSEK, a decrease of -34.2%, of which -0.1% was related to the currency effect.
The order book by the end of the period was 146.9 (126.2) MSEK, an increase of 16,4%.
Net sales amounted to 45.3 (65.0) MSEK, a decrease of -30%, whereof -28% organic and -2% currency effect.
Earnings before interest, tax, depreciation, and amortization (EBITDA) amounted to -18.4 (7.3) MSEK.
Net income for the period amounted to -24.6 (-1.5) MSEK.
Earnings per share (EPS) were -0.96
Cash flow from operating activities amounted to 1.9 (1.2) MSEK.
Webcast presentation of the interim report
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