{"id":1482,"date":"2024-02-13T14:00:00","date_gmt":"2024-02-13T13:00:00","guid":{"rendered":"https:\/\/www.profilgruppen.se\/mfn_news\/profilgruppen-ab-stable-full-year\/"},"modified":"2024-02-13T14:00:00","modified_gmt":"2024-02-13T13:00:00","slug":"profilgruppen-ab-stable-full-year","status":"publish","type":"mfn_news","link":"https:\/\/www.profilgruppen.se\/en\/pressmeddelanden\/profilgruppen-ab-stable-full-year\/","title":{"rendered":"ProfilGruppen AB: Stable full year"},"content":{"rendered":"
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Fourth quarter<\/strong>
· Turnover MSEK 548.4 (579.8), down 5 percent compared to the previous year
· Operating profit MSEK 18.1 (-8.1) and operating margin 3.3 percent (-1.4)
· Net profit MSEK 12.9 (-10.0)
· Cash flow from operating activities MSEK 112.3 (134.8)
· Earnings per share SEK 1.69 (-1.53) (no dilution exists)
· Total result amounts to MSEK 19.9, of which adjusted operating profit MSEK 23.1 and metal positions MSEK -3.2. The adjusted operating result corresponds to an adjusted margin of 4.2 percent. (Relevant comparative figures are missing.)
 
Year 2023<\/strong>
· Turnover MSEK 2 439.1 (2.696.6), down 10 percent compared to the previous year
· Operating result MSEK 152.4 (150.3) and operating margin 6.2 percent (5.6).
· Net profit MSEK 98.5 (99.6)
· Cash flow from operating activities MSEK 429.4 (108.7), positively impacted by pandemic-related deferrals of collections totaling net MSEK 133.9
· Earnings per share SEK 12.27 (12.58) (no dilution exists).
· Total profit amounts to MSEK 159.4, of which adjusted operational profit is 135.1 MSEK and metal positions MSEK -0.2, with a non-comparable revenue of MSEK 20.0. The adjusted operational profit corresponds to an adjusted margin of 5.5 percent. (Relevant comparative figures are missing.)
· The board proposes a dividend of SEK 5.00 per share, equivalent to MSEK 37.0<\/p>\n

Mari Kadowaki, CEO and President of ProfilGruppen, comments:<\/strong>
Throughout the year, demand has remained stable due to our broad customer base. We’ve achieved satisfactory cash flow development thanks to reduced capital tied up in inventory volumes and lower raw material prices. <\/em>
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<\/em>A significantly increased profitability is crucial for the sustainable growth of the business and to facilitate the replacement of old facilities as they become dated or when increased capacity is needed. Achieving this is our top priority.”<\/em><\/p>\n<\/blockquote>\n<\/div>\n

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For more information, please contact:<\/strong><\/p>\n

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Mari Kadowaki, President and CEO
Mobile: +46 (0) 70-956 80 01
E-mail: mari.kadowaki@profilgruppen.se<\/a>
 
Current information and photographs for free publication are available at www.profilgruppen.se<\/a>.<\/p>\n

ProfilGruppen AB in Åseda is a supplier of turnkey customised aluminium components and extrusions. Our vision is that we will be the preferred provider of innovative solutions for aluminium extrusions in northern Europe.<\/p>\n<\/div>\n

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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 2024-02-13 14:00 CET.<\/em><\/p>\n<\/div>\n

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Attachments<\/strong><\/p>\n

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Year-End Report 2023 ProfilGruppen AB – Stable full year<\/a><\/p>\n<\/div>\n