Elanders AB: Quarterly Report January – June 2023
July 12 2023 - 1:30AM
Elanders AB: Quarterly Report January – June 2023
First six months 2023
- Net sales increased to MSEK 7,040 (6,897), which corresponded
to an organic net sales reduction of five percent, excluding
acquisitions and discontinued operations, and using unchanged
exchange rates. The reduction is mainly due to normalized freight
rates and linked to the Group’s Air & Sea freight forwarding
operations.
- Adjusted EBITA increased to MSEK 427 (410), which equaled an
adjusted EBITA margin of 6.1 (6.0) percent.
- The period’s reported result included one-off items of MSEK -81
(40). Most of these referred to the historical errors discovered in
one of the Group’s companies in North America, which were corrected
in the first quarter. The remaining part refers to a provision for
additional consideration for an acquisition that has developed
better than expected.
- Adjusted net result amounted to MSEK 156 (191), corresponding
to SEK 4.37 (5.19) per share.
- Reported net result amounted to MSEK 90 (231), corresponding to
SEK 2.48 (6.32) per share.
- Operating cash flow increased to MSEK 1,049 (487).
- Cash conversion increased to 116.6 (52.0) percent.
Second quarter 2023
- Net sales were MSEK 3,450 (3,525), which corresponded to an
organic net sales reduction of nine percent, excluding acquisitions
and discontinued operations, and using unchanged exchange rates.
The reduction is to a large extent due to normalized freight rates
and linked to the Group’s Air & Sea freight forwarding
operations.
- Adjusted EBITA amounted to MSEK 210 (224), which equaled an
adjusted EBITA margin of 6.1 (6.3) percent.
- The period’s reported result included one-off items of MSEK -14
(40) which referred to a provision for additional consideration for
an acquisition that has developed better than expected. Last year’s
one-off items mainly referred to a revaluation of shares in
associated companies in connection with a merger.
- Adjusted net result amounted to MSEK 79 (103), corresponding to
SEK 2.21 (2.77) per share.
- Reported net result amounted to MSEK 65 (143), corresponding to
SEK 1.80 (3.91) per share.
- Operating cash flow increased to MSEK 536 (187).
- Cash conversion increased to 112.0 (36.8) percent.
Further information can be found on Elanders' website
www.elanders.com or requested via e-mail info@elanders.com.
Questions concerning this report can be addressed to:
Magnus NilssonPresident and CEO Phone: +46 31
750 07 50
Andréas Wikner Chief Financial Officer Phone:
+46 31 750 07 50
Elanders AB (publ) (Company ID 556008-1621)
Flöjelbergsgatan 1 C431 35 Mölndal, Sweden Phone: +46 31 750 00
00
This information is information that Elanders AB is obliged to
make public pursuant to the EU Market Abuse Regulation and the
Securities Markets Act. The information was submitted for
publication, through the agency of the contact persons set out
above, at 07:30 CET on 12 July 2023.
- 2023-07-12 Elanders Press release Q2 2023
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