Sdiptech AB (publ) publishes Year-End Report 2022

Press release
9 February 2024, 08:00

Sdiptech AB (publ) publishes Year-End Report 2022
The report is available on the company's website: www.sdiptech.se

STRONG GROWTH, LOWER DEBT AND RECOVERY OF CASH CONVERSION

FOURTH QUARTER 2023

• Net sales increased by 35% to SEK 1,368.4 million (1,017.5). In total for the Group, organic sales growth was 20%, excluding currency effects.
  
  
• EBITA, increased by 27% to SEK 250.2 million (196.9).
  
  
• Adjusted EBITA increased by 29% to SEK 252.6 million (195.6), corresponding to an adjusted EBITA margin of 18.5% (19.2). Organic adjusted EBITA growth for the Group was 9%, excl. currency effects.
  
  
• Profit before tax for the Group amounted to SEK 138.4 (132.9) million and profit after tax amounted to SEK 91.6 million (107.0), of which SEK 91.4 million (106.8) was attributable to the Parent Company’s shareholders.
  
  
• Cash flow from operating activities amounted to SEK 197.4 million (201.4), corresponding to a cash conversion of 86% (99).
  
• Earnings per ordinary share (average number), less minority interests and dividends on preference shares, amounted to SEK 2.31 (2.81). After dilution, earnings per ordinary share amounted to SEK 2.31 (2.80).

JANUARY - DECEMBER 2023

• Net sales increased by 37% to SEK 4,818.3 million (3,505.2). In total for the Group, organic sales growth was 18%, excl. currency effects.
  
  
• EBITA, increased by 32% to SEK 963.0 million (728.6).
  
  
• Adjusted EBITA increased by 37% to SEK 921.6 million (671.1), corresponding to an adjusted EBITA margin of 19.1% (19.1). Organic adjusted EBITA growth for the Group was 13%, excl. currency effects.
  
  
• Profit before tax for the Group amounted to SEK 611.5 (536.8) million and profit after tax after tax amounted to SEK 445.6 million (428.1), of which SEK 444.2 million (427.1) was attributable to the Parent Company’s shareholders.
  
  
• Cash flow from operating activities amounted to SEK 618.5 million (564.6), corresponding to a cash conversion of 67% (80).
  
• Earnings per ordinary share (average number), less minority interests and dividends on preference shares, amounted to SEK 11.33 (11.53). After dilution, earnings per ordinary share amounted to SEK 11.33 (11.48).

• During the period the acquisition of HeatWork AS in Norway, as well as Kemi-tech ApS in Denmark, were completed.
  
  

SIGNIFICANT EVENTS AFTER THE END OF THE REPORTING PERIOD

• In January 2024 Sdiptech acquired all shares in JR Industries Ltd in the United Kingdom.