{"id":1474,"date":"2024-04-23T12:07:00","date_gmt":"2024-04-23T10:07:00","guid":{"rendered":"https:\/\/www.profilgruppen.se\/mfn_news\/profilgruppen-ab-lower-turnover-and-higher-margin\/"},"modified":"2024-04-23T12:07:00","modified_gmt":"2024-04-23T10:07:00","slug":"profilgruppen-ab-lower-turnover-and-higher-margin","status":"publish","type":"mfn_news","link":"https:\/\/www.profilgruppen.se\/en\/pressmeddelanden\/profilgruppen-ab-lower-turnover-and-higher-margin\/","title":{"rendered":"ProfilGruppen AB: Lower turnover and higher margin"},"content":{"rendered":"<div class=\"mfn-body\">\n<p class=\"mfn-wp-retain\"><em>This is a translation of the Swedish version of the report. In case of any discrepancies, the Swedish version shall prevail.<\/em><\/p>\n<p class=\"mfn-wp-retain\"><strong>First quarter<\/strong><\/p>\n<ul>\n<li>Turnover MSEK 581.2 (683.8), down 15 percent compared to the previous year<\/li>\n<li>EBITDA MSEK 66.5 (53.7)<\/li>\n<li>Operating profit MSEK 43.6 (31.8) and operating margin 7.5 percent (4.7)<\/li>\n<li>Net profit MSEK 27.5 (19.0)<\/li>\n<li>Cash flow from operating activities MSEK 35.4 (196.7)<\/li>\n<li>Earnings per share SEK 3.43 (2.21) (no dilution exists)<\/li>\n<li>Calculational estimations show that the profitability level continuously needs to be raised significantly<\/li>\n<\/ul>\n<p class=\"mfn-wp-retain\"><\/p>\n<p class=\"mfn-wp-retain\"><strong>Profit with altered allocation of metal cost<\/strong><\/p>\n<ul>\n<li>Total profit amounts to MSEK 50.2 (27.9)<\/li>\n<li>Of which adjusted operating profit MSEK 50.1 (30.2), corresponding to 8.6 percent 5.2 of turnover and result of metal position at risk MSEK 0.1 (-3.2)<\/li>\n<li>Adjusted net profit MSEK 32.6 (15.7)<\/li>\n<li>Adjusted earnings per share SEK 4.13 (1.78)<\/li>\n<\/ul>\n<p class=\"mfn-wp-retain\"><\/p>\n<p class=\"mfn-wp-retain\">Mari Kadowaki, CEO and President of ProfilGruppen, comments:<\/p>\n<blockquote><p>Despite a difference between market segments and weak economy, we manage to maintain and improve our results. The ongoing work of phasing out unprofitable business and developing relationships and business portfolio with customers who appreciate our flexible production and delivery service is yielding results.<br \/>At the same time, work is in progress to streamline our production and supply chains.<\/p><\/blockquote>\n<\/div>\n<div class=\"mfn-footer mfn-10437984ff49\">\n<p class=\"mfn-wp-retain\"><strong class=\"mfn-heading-1\">For more information, please contact:<\/strong><\/p>\n<hr>\n<p class=\"mfn-wp-retain\">Mari Kadowaki, President and CEO<br \/>Tel: +46 (0) 70-956 80 01<br \/>E-mail:&nbsp;<a href=\"mailto:mari.kadowaki@profilgruppen.se\" rel=\"noopener\" target=\"_blank\">mari.kadowaki@profilgruppen.se<\/a><br \/>&nbsp;<br \/>Current information and photographs for free publication are available at&nbsp;<a href=\"http:\/\/www.profilgruppen.se\/\" rel=\"noopener\" target=\"_blank\">www.profilgruppen.se<\/a>.<\/p>\n<p class=\"mfn-wp-retain\">ProfilGruppen AB in &Aring;seda is a supplier of turnkey customised aluminium components and extrusions. Our vision is that we will be the preferred provider of&nbsp;innovative solutions for aluminium extrusions in northern Europe.<\/p>\n<\/div>\n<div class=\"mfn-footer mfn-regulatory mfn-regulatory-mar\">\n<p class=\"mfn-wp-retain\"><em>This information is information that ProfilGruppen AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2024-04-23 12:07 CEST.<\/em><\/p>\n<\/div>\n<div class=\"mfn-footer mfn-attachment mfn-attachment-general\">\n<p class=\"mfn-wp-retain\"><strong class=\"mfn-heading-1\">Attachments<\/strong><\/p>\n<hr>\n<p class=\"mfn-wp-retain\"><a class=\"mfn-primary\" href=\"https:\/\/storage.mfn.se\/dd101acf-c3b9-4802-96ac-b1ccab338ed1\/profilgruppen-ab-interim-report-q1-2024-lower-turnover-and-higher-margin.pdf\" rel=\"noopener\" target=\"_blank\">ProfilGruppen AB: Interim Report Q1 2024 Lower turnover and higher margin<\/a><\/p>\n<\/div>\n<script>\n                Array.prototype.slice.call(document.querySelectorAll(\".mfn-footer.mfn-attachment\")).forEach(function (el) { el.remove() });\n            <\/script>\n        <div class=\"mfn-attachments-container\"><div class=\"mfn-attachment mfn-primary\"><a class=\"mfn-attachment-link\" href=\"https:\/\/storage.mfn.se\/dd101acf-c3b9-4802-96ac-b1ccab338ed1\/profilgruppen-ab-interim-report-q1-2024-lower-turnover-and-higher-margin.pdf\"><span class=\"mfn-attachment-icon\"><img decoding=\"async\" src=\"https:\/\/storage.mfn.se\/dd101acf-c3b9-4802-96ac-b1ccab338ed1\/profilgruppen-ab-interim-report-q1-2024-lower-turnover-and-higher-margin.pdf?type=jpg\"><\/span>ProfilGruppen AB: Interim Report Q1 2024 Lower turnover and higher margin<\/a><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>This is a translation of the Swedish version of the report. In case of any discrepancies, the Swedish version shall prevail. First quarter Turnover MSEK 581.2 (683.8), down 15 percent compared to the previous year EBITDA MSEK 66.5 (53.7) Operating profit MSEK 43.6 (31.8) and operating margin 7.5 percent (4.7) Net profit MSEK 27.5 (19.0) &#8230; <a title=\"ProfilGruppen AB: Lower turnover and higher margin\" class=\"read-more\" href=\"https:\/\/www.profilgruppen.se\/en\/pressmeddelanden\/profilgruppen-ab-lower-turnover-and-higher-margin\/\" aria-label=\"Read more about ProfilGruppen AB: Lower turnover and higher margin\">Read more<\/a><\/p>\n","protected":false},"template":"","mfn-news-tag":[47,61,44,53,94,95,96,97,43,62,52,59],"class_list":["post-1474","mfn_news","type-mfn_news","status-publish","hentry","mfn-news-tag-mfn-lang-en","mfn-news-tag-mfn-report-interim","mfn-news-tag-mfn-type-ir","mfn-news-tag-mfn-regulatory-mar","mfn-news-tag-mfn-cus-aluminium","mfn-news-tag-mfn-cus-aluminiumprofiler","mfn-news-tag-mfn-cus-extrusions","mfn-news-tag-mfn-cus-profilgruppen","mfn-news-tag-mfn","mfn-news-tag-mfn-report-interim-q1","mfn-news-tag-mfn-regulatory","mfn-news-tag-mfn-report"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.profilgruppen.se\/en\/wp-json\/wp\/v2\/mfn_news\/1474","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.profilgruppen.se\/en\/wp-json\/wp\/v2\/mfn_news"}],"about":[{"href":"https:\/\/www.profilgruppen.se\/en\/wp-json\/wp\/v2\/types\/mfn_news"}],"wp:attachment":[{"href":"https:\/\/www.profilgruppen.se\/en\/wp-json\/wp\/v2\/media?parent=1474"}],"wp:term":[{"taxonomy":"mfn-news-tag","embeddable":true,"href":"https:\/\/www.profilgruppen.se\/en\/wp-json\/wp\/v2\/mfn-news-tag?post=1474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}