Stockwik publishes interim report January 1st - September 30th, 2023
November 10 2023 - 2:00AM
Stockwik publishes interim report January 1st - September 30th,
2023
SOLID BELIEF IN THE BUSINESS IDEA AND THE FINANCIAL GOAL
Stockwik's business idea and the financial goal of achieving an
EBITA growth of 15 percent remains solid.
Our Healthcare, Business Services and Industry segment developed
better than expected during the quarter. Healthcare continues to
stand out with a better development than expected during the
reporting period (January 1st - September 30th).
As of September 30th, 2023, the group has generated a proforma
EBITDA of SEK 88.1 million over the most recent rolling
twelve-month period. We have worked with our businesses and, for
instance, implemented localized one-time cost-saving measures.
These cost-saving initiatives, totalling to SEK 16.1 million, have
been fully integrated and will be gradually realized from the third
quarter of 2023. Adjusting for these cost savings, the proforma
EBITDA amounts to SEK 104.2 million for the most recent rolling
twelve-month period instead of SEK 88.1 million. The adjusted
EBITDA proforma, per the bond terms, now stands at SEK 94.6
million, resulting in a net debt/EBITDA ratio, as per the bond
terms, of 4.4x.
Together with our companies, we continue to focus on expanded
corporate governance and expect to remove additional SEK 10 million
in costs savings up to and including 2024.
QUARTER JULY 1 ST - SEPTEMBER 30TH, 2023
MSEK |
jul-sep 2023 |
jul-sep 2022 |
Δ% |
of which organic, in percentage points |
of which acquired growth in percentage points |
Net sales |
173,3 |
180,7 |
-4,1% |
-9,7% |
5,6% |
EBITDA |
20,1 |
19,3 |
4,0% |
|
|
EBITA |
9,9 |
12,1 |
-18,7% |
-23,0% |
4,4% |
EBIT |
7,3 |
7,7 |
-5,1% |
|
|
Profit before tax |
-7,3 |
-0,8 |
|
|
|
Profit after tax |
-6,6 |
-0,3 |
|
|
|
EBITA-margin % |
5,7% |
6,7% |
|
|
|
Operational cash flow |
-10,3 |
-11,1 |
|
|
|
Earnings per share before
dilution, SEK |
-1,05 |
-0,05 |
|
|
|
Earnings per share after dilution, SEK |
-1,05 |
-0,05 |
|
|
|
THE REPORT PERIOD JANUARY 1ST - SEPTEMBER 30TH, 2023
MSEK |
jan-sep 2023 |
jan-sep 2022 |
Δ% |
of which organic, in percentage points |
of which acquired growth in percentage points |
Net sales |
575,7 |
526,3 |
9,4% |
-2,9% |
12,2% |
EBITDA |
57,9 |
53,9 |
7,3% |
|
|
EBITA |
29,7 |
34,4 |
-13,7% |
-25,0% |
11,3% |
EBIT |
19,9 |
21,9 |
-9,2% |
|
|
Profit before tax |
-29,3 |
-5,4 |
|
|
|
Profit after tax |
-23,2 |
-4,9 |
|
|
|
EBITA-margin % |
5,2% |
6,5% |
|
|
|
Operational cash flow |
-0,5 |
-4,2 |
|
|
|
Earnings per share before
dilution, SEK |
-3,67 |
-0,80 |
|
|
|
Earnings per share after dilution, SEK |
-3,67 |
-0,80 |
|
|
|
ROLLING TWELVE-MONTHS OCTOBER 1ST 2022 - SEPTEMBER 30TH,
2023
MSEK |
okt 2022-sep 2023 |
okt 2021-sep 2022 |
Δ% |
of which organic, in percentage points |
of which acquired growth in percentage points |
Net sales |
813,9 |
718,5 |
13,3% |
-0,5% |
13,7% |
EBITDA |
86,9 |
81,2 |
7,0% |
|
|
EBITA |
50,8 |
55,9 |
-9,3% |
-24,1% |
14,8% |
EBIT |
37,2 |
39,2 |
-5,1% |
|
|
Profit before tax |
-23,1 |
7,7 |
|
|
|
Profit after tax |
-14,4 |
0,9 |
|
|
|
EBITA-margin % |
6,2% |
7,8% |
|
|
|
Operational cash flow |
29,8 |
18,0 |
65,7% |
|
|
|
|
|
|
|
|
Net debt |
415,7 |
369,0 |
|
|
|
Net
debt/EBITDA |
4,79 |
4,55 |
|
|
|
MSEK |
okt 2022-sep 2023 proforma |
okt 2021-sep 2022 proforma |
Net sales |
821,9 |
829,5 |
EBITDA |
88,1 |
97,3 |
EBITA |
51,9 |
71,1 |
Profit after tax |
-13,8 |
10,1 |
|
|
|
Net debt |
415,7 |
369,0 |
Net
debt/EBITDA |
4,72 |
3,79 |
This information is being disclosed by Stockwik Förvaltning AB
(publ) in compliance with the Market Securities Act. The
information was submitted for publication at 08:00 (CET) on
November 10th, 2023, through the designated contact person provided
below.
For further information contact:
Andreas Säfstrand, Acting President and CEOStockwik Förvaltning
AB (publ)Phone: zero seven zero seven nine fifty two seven four
three
About Stockwik
Stockwik gives its shareholders the opportunity to be
part-owners in a portfolio of well-managed, stable and profitable,
Swedish quality companies. Stockwik offers a stable platform for
small businesses to develop both organically and through
acquisitions. Stockwik makes use of the cutting-edge expertise of
the smaller companies and offers the security and opportunities of
the large company. We invest long-term and acquire companies to
keep them. In our acquisition process, we demand both quantitative
parameters such as capital efficiency and qualitative values such
as good business ethics and orderliness. Our work is based on three
basic principles; The right people, the right values, the right
company. Stockwik is listed on Nasdaq Stockholm Small Cap with the
short name STWK.
- 231110 Stockwik publishes 3Q23
- Stockwik 3Q23
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