EPS CAGR +15% over the past 10 years Profit every quarter since foundation in 1994 Exposure to industrial market segments with underlying growth;
JIT Mech
Electrification
Railway
Marine
Long history of acquistions. 2-4 factories/year
Strong balance sheet
2
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3
EPS Growth
CAGR 14%
14% CAGR EPS
2015-2024QR12
EPS growth of 17% vs Q1 2023 and 37% vs. Q4 2023.
4
Net sales
Flat turnover vs Q1 2023 and Q4 2024. Growth -1% vs Q1 2023. whereof +1% was currency.
Capacity and demand more balanced. Our delayed orders have decreased in the quarter.
5
Organic growth
Organic growth was -2%, below our target of 10%.
Lost business for battery systems. Also lower volumes in some market segements.
Decrease in inductors for
Target 10%/ year
frequency drives,
components for contruction
vehicles.
Increases in the quarter mainly in electrification, defence industry, railway, & marine.
6
Acquired Growth
Target 5%/ year
We have signed agreement with JIT Mech to purchase their two factories in Robertfors and Örnsköldsvik. It will add +1% growth in 2024.
We have more prospects in the pipeline but are as always very strict in what we pay and what we buy.
7
EBT Margin
EBT Margin (%) goal is 8%
The margin shall consistently be within 8±2% every quarter.
Happy with margin in the quarter.
Low costs for for late deliveries and quality non conformaties in the quarter. Implemented process improvements have increased delivery precision and quality.
Big improvements in Finland and China in the quarter.
Hard work from our purchasing team also have an impact in the quarter.
Opportunities to improve operationally in one site in India, Mexico and one site in8 Sweden.
Inventory value & turnover development
Inventory turnover target is 3.5 turns/year.
Slight increase in inventory in Q1. Work continues to improve further to reach our target in 2024.
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Net cash from operating activities and Net debt
Good operating cash flow of 244 mSEK in the quarter which results in net debt (ex IFRS 16) of -181 mSEK. Mainly driven by good profit level and inventory turnover. Note, in Q2 planned dividend of 122 mSEK and the payment for JIT Mech (40 mSEK).
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AQ Group AB published this content on
18 April 2024 and is solely responsible for the information contained therein. Distributed by
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AQ Group AB is a Sweden-based company, which develops, manufactures and assembles components and systems for industrial customers. The Company's business consists of the two segments: System and Component. The System segment includes electric cabinets and system products business areas, and produces systems, power and automation solutions and assembles complete machines in close collaboration with the customers. The Component segment encompasses business areas of injection molding, inductive components, wiring Systems, sheet metal processing, as well as special technologies and engineering. This segment produces transformers, wiring systems, mechanical components, punched sheet metal and injection-molded thermoplastics. The Company operates through its subsidiaries in Finland, Estonia, Mexico, India, Canada and China, among others.
AQ GROUP AB 
