IAR SYSTEMS GROUP AB A changing market that requires new, modern solutions.
”Asia continues to demonstrate strong results, including
favorable growth in the mature Japanese market.”
Second quarter 2023
- Net sales
SEK 108.2m (107.6) - Net sales growth of 0.5% and -4.5% adjusted for foreign exchange effects.
- EBITDA of
SEK 30.5m (31.9), corresponding to an EBITDA margin of 28.2% (29.6). - Adjusted EBITDA of
SEK 32.0m (31.9), corresponding to an EBITDA margin of 29.6% (29.6). - Operating profit of
SEK 11.2m (19.6), corresponding to an operating margin of 10.4% (18.2). - Adjusted operating profit of
SEK 17.4m (19.6), corresponding to an adjusted operating margin of 16.1% (18.2). - Capitalized work on own account amounted to
SEK 10.4m (10.5). - In a year-on-year comparison, currency translation had a positive impact of
SEK 5.4m on net sales and a positive impact ofSEK 4.4m on operating profit for the period. - Cash flow from operating activities amounted to
SEK 29.4m (26.0).
January -
- Net sales
SEK 215.9 (205.0) - Net sales growth of 5.3% and -0.2% adjusted for foreign exchange effects.
- EBITDA of
SEK 55.8m (62.1), corresponding to an EBITDA margin of 25.8% (30.3). - Adjusted EBITDA of
SEK 59.0m (62.1), corresponding to an EBITDA margin of 27.3% (30.3). - Operating profit of
SEK 22.7m (36.9), corresponding to an operating margin of 10.5% (18.0). - Adjusted operating profit of
SEK 30.6m (36.9), corresponding to an adjusted operating margin of 14.2% (18.0). - Capitalized work on own account amounted to
SEK 19.8m (22.7). - In a year-on-year comparison, currency translation had a positive impact of
SEK 11.3m on net sales and a positive impact ofSEK 8.3m on operating profit for the period. - Cash flow from operating activities amounted to
SEK 55.5m (54.6).
Second quarter in brief
- Chief Revenue Office appointed for increased focus on sales in relation to a shared objective.
- Subscription offering tested in the
USA in preparation for a broader cloud-based SaaS offering.
Key events after the second quarter
- IAR announced a reorganization with cutbacks that will yield an estimated
SEK 27m in cost savings.
© Modular Finance, source
