Press release
Interim Report January-September 2023
Higher earnings with continued growing order backlog and strong organic growth
Third quarter • Net sales increased 14.2 per cent to MSEK 890 (779), of which organic growth was 9.3 per cent. • Adjusted EBITA MSEK 50 (49), with an adjusted EBITA margin of 5.6 per cent (6.3). • EBITA MSEK 46 (43) with an EBITA margin of 5.2 per cent (5.6). • Operating profit (EBIT) MSEK 45 (42), with an operating margin of 5.1 per cent (5.4). • Profit for the period MSEK 13 (31). • Earnings per share before and after dilution SEK 0.27 (0.65). • Cash flow from operating activities MSEK 2 (7).January–September • Net sales increased 12.9 per cent to MSEK 2,434 (2,157), of which organic growth was 5.0 per cent. • Adjusted EBITA MSEK 101 (125), with an adjusted EBITA margin of 4.1 per cent (5.8). • EBITA MSEK 73 (111) with an EBITA margin of 3.0 per cent (5.1). • Operating profit (EBIT) MSEK 70 (108), with an operating margin of 2.9 per cent (5.0). • Profit for the period MSEK 7 (75). • Earnings per share before and after dilution SEK 0.15 (1.58). • Cash flow from operating activities MSEK 39 (-114). • Net debt amounted to MSEK 798 (692) and net debt/adjusted EBITDA to 3.2 (2.7). • The order backlog increased to MSEK 4,104 (3,257). Significant events during and after the third quarter Webcast presentation and teleconference If you want to participate through the webcast, use the link https://ir.financialhearings.com/netel-group-q3-2023. It will be possible to submit written questions during the webcast. If you want to ask questions orally via teleconference, please register through the link https://conference.financialhearings.com/teleconference/?id=5007964.. After registration, you will receive a telephone number and ID to log in to the conference. It will be possible to ask questions orally during the teleconference. Interim reports on www.netelgroup.com Next report |
Contacts
Jeanette Reuterskiöld, acting President and CEO +46 (0) 70 228 03 89, jeanette.reuterskiold@netel.se
Peter Andersson, CFO +46 (0) 73 842 36 90, peter.andersson@netel.se
Åse Lindskog, IR +46 (0) 73 024 48 72, ase.lindskog@netelgroup.com
About Us
Netel is a leading specialist in critical infrastructures in Northern Europe. We have over 20 years of experience in carrying out projects as well as services and maintenance for the industry’s largest players in power, telecommunications, heating as well as water and sewage. We have a clear strategy for organic growth and acquisitions based on an efficient business model that is characterized by decentralization, low capital tied up and high cash conversion. Our business is based on a solid sustainability approach with intense responsibility for the environment and work safety. Netel had sales of more than SEK 3.1 billion in 2022 and has over 800 employees. Read more at www.netelgroup.com.
This information is information that Netel Holding 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 2023-11-08 07:30 CET.