Alligo AB Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 26, 2023 at 02:00 am EDT
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Alligo AB (publ) reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was SEK 2,122 million compared to SEK 2,118 million a year ago. Revenue was SEK 2,148 million compared to SEK 2,154 million a year ago. Net income was SEK 113 million compared to SEK 118 million a year ago. Basic earnings per share from continuing operations was SEK 2.25 compared to SEK 2.34 a year ago.
For the nine months, sales was SEK 6,797 million compared to SEK 6,488 million a year ago. Revenue was SEK 6,883 million compared to SEK 6,580 million a year ago. Net income was SEK 303 million compared to SEK 3,868 million a year ago. Basic earnings per share from continuing operations was SEK 6.01 compared to SEK 5.69 a year ago.
Alligo AB, formerly Momentum Group AB is a Sweden-based reseller of industrial consumables and components, as well as service and maintenance to professional end users in the industrial and construction sectors in Sweden, Norway and Finland. The Company comprises four operating sectors, which are organized under two business areas: Tools, Supplies, Workwear & Protection as well as Components & Services. The first business area comprises UNIVERN AS, TriffiQ Foretagsprofilering AB, Swedol AB (publ) and Mercus Yrkesklader AB. The business has focus on the sale of tools, personal protective equipment and other consumables to the industrial and construction markets. The second business area comprises Momentum Industrial AB and Obergs i Karlstad AB, among others, which focus on the sale of spare parts for production and workplace equipment mainly to customers within industrial sector.