{"id":1516,"date":"2023-02-09T14:12:00","date_gmt":"2023-02-09T13:12:00","guid":{"rendered":"https:\/\/www.profilgruppen.se\/mfn_news\/profilgruppen-ab-actively-navigating-a-turbulent-year\/"},"modified":"2023-02-09T14:12:00","modified_gmt":"2023-02-09T13:12:00","slug":"profilgruppen-ab-actively-navigating-a-turbulent-year","status":"publish","type":"mfn_news","link":"https:\/\/www.profilgruppen.se\/en\/pressmeddelanden\/profilgruppen-ab-actively-navigating-a-turbulent-year\/","title":{"rendered":"ProfilGruppen AB: Actively navigating a turbulent year"},"content":{"rendered":"
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Fourth quarter<\/strong>
· Turnover MSEK 579.8 (629.3), down 8 percent compared to previous year
· Earnings before interest, taxes, depreciation and amortisation (EBITDA) MSEK 13.0 (75.8)
· Operating profit MSEK -8.1 (55.2), corresponding to an operating margin of -1.4 percent (8.8)
· Excluding the influence of metal positions and accrual effects the operating profit amounts to MSEK 27.0 (19.2), corresponding to an adjusted operating margin of 4.6 percent (3.0)
· Net income MSEK -10.0 (42.5)
· Cash flow from operating activities MSEK 134.8 (-4.5)
· Earnings per share SEK -1.53 (5.68) (no dilution)<\/p>\n

Year 2022<\/strong>
· Turnover MSEK 2,696.6 (2,119.6), up 27 percent compared to previous year
· Earnings before interest, taxes, depreciation and amortisation (EBITDA) MSEK 234.4 (256.0)
· Operating profit MSEK 150.3 (178.6), corresponding to an operating margin of 5.6 percent (8.4)
· Excluding the influence of metal positions and accrual effects the operating profit amounts to MSEK 97.5 (91.6), corresponding to an adjusted operating margin of 3.6 percent (4.3)
· Net income MSEK 99.6 (132.8)
· Cash flow from operating activities MSEK 108.7 (124.8)
· Earnings per share SEK 12,58 (17.26) (no dilution)
· The Board is proposing a dividend for the company of SEK 4.00 per share, corresponding to MSEK 29.6<\/p>\n

Events after the closing date<\/strong>
· ProfilGruppen announced on 4 January the dismissal of another 25 employees
· The announced electricity price compensation will provide the maximum level of compensation for ProfilGruppen
 
Fredrik Zöögling, CEO and President of ProfilGruppen, comments:
”Our operating profit for the quarter of MSEK 27 MSEK 97 for 2022 is far from our targets. It has been a very challenging year with extreme price variations for raw materials, sharply increased costs for energy and inputs. In the last half of the year, demand has also slowed down. Our measures to deal with the turbulence during the year have not been sufficient. We diligently continue our work with lowering our cost level, increasing our flexibility and to develop and structure our customer portfolio.”<\/em><\/p>\n<\/div>\n

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

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Fredrik Zöögling, President and CEO
Mobile: +46 (0) 70-932 16 50
E-mail: fredrik.zoogling@profilgruppen.se<\/a>
 
Jonny Sandstedt, tf. CFO
Mobile: +46 (0) 73-415 44 25
E-mail: jonny.sandstedt@profilgruppen.se<\/a><\/p>\n

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 2023-02-09 14:12 CET.<\/em><\/p>\n<\/div>\n

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

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Year End Report 2022 ProfilGruppen AB – Actively navigating a turbulent year<\/a><\/p>\n<\/div>\n