The correction refers to missing the word adjusted in the bullet points four in the summary of the fourth quarter (October - December) and full year (January - December) 2022. The correction only applies to the English version.
Corrected press release and year-end report follows in its entirety.
CEO comment:
Strong organic growth continued in the fourth quarter, and our Swedish divisions,
Klara is now making a greater contribution to consolidated earnings, which was evident during the quarter. During the quarter, we were generally impacted by higher costs for electricity, food and consumables. Sick leave also increased across our units. In Altiden, we worked intensively with integration and change management. The quarterly earnings were charged with non-recurring, reorganization related costs to create a stronger and more stable operation. Operational improvements and lower administration costs in Altiden enable gradual performance improvements in 2023.
Higher sales and a share buyback
In the fourth quarter, net sales rose 8 per cent to
Fourth quarter October-December
- Net sales rose 8 per cent to
SEK 3,225 million (2,988). Organic growth was 4 per cent, acquired growth was 2 per cent and the exchange rate effect was 2 per cent. -
Operating profit (EBIT) totalled
SEK 140 million (37). -
EBITA increased 146 per cent to
SEK 170 million (69), corresponding to a margin of 5.3 percent (2.3) -
Adjusted EBITA declined 21 per cent to
SEK 170 million (214), representing a margin of 5.3 percent (7.2) . -
Profit for the period totalled
SEK 22 million (loss: -37). -
Earnings per share were
SEK 0.24 (loss: -0.39) before and after dilution. -
Cash conversion was 121.3 per
cent (148.1) . -
Free cash flow totalled
SEK 402 million (410).
Full-year January-December
- Net sales rose 10 per cent to
SEK 12,635 million (11,478). Organic growth was 5 per cent, acquired growth was 3 per cent and exchange rates had a 2 per cent impact on growth. -
Operating profit (EBIT) totalled
SEK 843 million (598). -
EBITA rose 34 per cent to
SEK 954 million (712), representing a margin of 7.6 percent (6.2) . -
Adjusted EBITA rose 11 per cent to
SEK 954 million (857), representing a margin of 7.6 percent (7.5) . -
Profit for the year totalled
SEK 366 million (237). -
Earnings per share were
SEK 3.89 (2.51) before and after dilution. -
Cash conversion was 95.6 per
cent (95.7) . -
Free cash flow totalled
SEK 1,451 million (1,139). -
The Board proposes a dividend of
SEK 1.25 (1.15) per share for 2022
Telephone conference
In connection to the announcement,
To participate the conference call, register before the call using the link below. Upon registration you will receive a dial-in number and a unique personal PIN code. To ensure that the connection to the conference call is working, please dial in ten minutes before the start time of the conference call.
Telephone conference registration:
https://register.vevent.com/register/BI2801f8a9f212465dbbcdd9b1164cda11
The quarterly earnings report and associated presentation will be available on www.ambea.com
This disclosure contains information that
For more information, contact:
E-mail: ir@ambea.se
Telephone: +46 (0)10 33 00 501
E-mail: press@ambea.se
https://news.cision.com/ambea/r/correction--ambea-year-end-report-2022,c3711714
https://mb.cision.com/Main/5048/3711714/1837021.pdf
(c) 2023 Cision. All rights reserved., source