Interim report 1 January – 30 September 2023
Strong cash flow from operating activities and operating profit development
THIRD QUARTER 2023
- Net sales increased by 72 percent to MSEK 371 (216). In unchanged currency levels, net sales increased by 68 percent.
- Net sales increased by 32 percent to MSEK 381 (288). In unchanged currency levels, net sales increased by 27 percent.
- Operating profit before amortization of intangible assets (EBITA) increased by 142 percent to MSEK 28 (12) including MSEK 5.1 (-0.8) attributable to unrealized exchange rate gains and losses. In 2022, acquisition costs of MSEK -4.3 were also included.
- Cash flow from operating activities amounted to MSEK 60 (22) which corresponds to SEK 2.8 (1.1) per share.
- Earnings per share amounted to SEK 0.63 (0.23).
- During the period, solidity increased to 44 percent from 43 percent.
THE INTERIM PERIOD JANUARY–SEPTEMBER 2023
- Net sales increased by 61 percent to MSEK 1,141 (709). In unchanged currency levels, net sales increased by 49 percent.
- Operating profit before amortization of intangible assets (EBITA) increased by 142 percent to MSEK 68 (38) including MSEK -8.3 (-4.4) attributable to unrealized exchange rate gains and losses.
- Cash flow from operating activities amounted to MSEK 96 (15) which corresponds to SEK 4.5 (0.8) per share.
- Earnings per share amounted to SEK 1.08 (1.18).
- During the period, solidity increased to 44 percent from 37 percent.
| Quarter 3 | January – September | Full year | ||||||
| 2023 | 2022 | 2023 | 2022 | 2022 | ||||
| Operating income, MSEK | 381.4 | 288.0 | 1 141.3 | 709.2 | 1,110.4 | |||
| Gross margin, % | 23.8 | 23.5 | 24.7 | 25.7 | 25.5 | |||
| EBITA, MSEK | 28.0 | 11.6 | 67.5 | 38.1 | 68.6 | |||
| EBITA, % | 7.3 | 4.0 | 5.9 | 5.4 | 6.2 | |||
| Profit or loss for the period, MSEK | 13.7 | 4.7 | 23.1 | 23.2 | 37.1 | |||
| Earnings per share, SEK | 0.63 | 0.23 | 1.08 | 1.18 | 1.86 | |||
SIGNIFICANT EVENTS DURING THE QUARTER
- Alcadon has won a 4-year contract for the delivery of fiber-optic components starting on 1 September 2023. The contract has an estimated value of approximately MDKK 40-45 over the next 4 years. It can then be extended for another 2+2 years.
- Alcadon has received an order worth MGBP 3.7 for a newly constructed data centre in the United Kingdom. Most deliveries are expected to be shipped during Q4 2023, and the rest will be shipped and invoiced during Q1 2024.
SIGNIFICANT EVENTS AFTER THE PERIOD
- No significant events have taken place since the end of the period.
Stockholm, 27 October 2023
