Strong quarterly growth driven by the company's fuel optimization software.
- The quarterly growth, in local currencies, amounts to 7.9%. Operating profit for the Group in the quarter was SEK 1.6 million, which corresponds to an operating profit of SEK 20.5 million excluding items affecting comparability. Operating profit for the same period last year was SEK 28.6 million.
- During the quarter the Scandpower business area exceeded financial expectations, mainly due to the delivery of the GARDEL and CMS5 fuel management software.
- The Fuel and Materials Technology business area made good progress in its operations during the second half of the quarter. The negative trend within the business area during Q3 has been reversed, and we are seeing significantly improved momentum and efficiency in operations during Q4.
- Items affecting comparability were charged to the quarter with a negative impact on earnings of SEK 18.9 million. These include the costs of the efficiency programme implemented as well as inventory impairment losses. The efficiency programme is expected to lower costs by SEK 20 million annually starting in 2025.
- The Board is proposing an unchanged dividend of SEK 2 per share.
The Group in summary
Q4 | Jan-dec | |||
2024 | 2023 | 2024 | 2023 | |
Net sales, SEK million | 247,4 | 228,4 | 893,1 | 826 |
Operating profit, SEK million | 1,6 | 28,6 | 26,8 | 73,4 |
Operating margin, % | 0,7 | 12,5 | 3,0 | 8,9 |
Profit after tax, SEK million | -1,3 | 18,5 | 9,6 | 48,6 |
Free cash flow, SEK million | -18,8 | 39,4 | -78,1 | 51,4 |
Net debt, SEK million | 132,2 | 31,0 | 132,2 | 31,0 |
Net debt/equity ratio, % | 32,8 | 8,0 | 32,8 | 8,0 |
Profit per share after tax, SEK | -0,16 | 2,25 | 1,17 | 5,91 |
Equity per share, SEK | 49,03 | 47,36 | 49,03 | 47,36 |
The Interim Report will be presented at a telephone conference call according to separately distributed invitation at 10:00 (CET) today.
Please find the full interim report in the attached file.
For further information, please contact:
Peter Teske, Chief Financial Officer, tel +46 (0)76 496 60 41
Facts about Studsvik
Studsvik offers a range of advanced technical services to the global nuclear power industry. Studsvik's business focus areas are fuel and materials technology, reactor analysis software, decontamination and radiation protection as well as technical platforms for handling, conditioning and volume reduction of radioactive waste. The company has more than 75 years' experience of nuclear technology and radiological services. Studsvik has approx..540 employees in 7 countries and the company's shares are listed on Nasdaq Stockholm.
This information is information that Studsvik AB (publ) is obliged to disclose pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was released for public disclosure, through the agency of the contact person above, on February 10, 2025, at 08:00 am (CET).
www.studsvik.com
