Signs of improvement - now it's time to close the growth gap
Sales for the fourth quarter increased by 11 percent to SEK 2,007 million, while EBITA was in line with the corresponding quarter in the previous year. The lower EBITA margin for the quarter is mainly attributable to the Tornum platform, which has experienced continued lower demand combined with profitability challenges in a couple of projects in Spain.
We made two strategic add-on acquisitions. Salix Group strengthened its presence in Denmark with the acquisition of Timberman, a market-leading supplier of flooring solutions. In early 2025, Ettiketto Group acquired the company Clever Etiketten, a leading supplier of label solutions in Germany. This marks Ettiketto Group's entry into the German market and creates a platform for future growth in Central Europe. Together, these acquisitions bring approximately SEK 710 million in annual sales.
Andreas Stenbäck, President and CEO
For the full CEO-comment, see the report in its entirety.
Quarter October-December 2024
- Net sales increased by 11 percent to SEK 2,007 (1,808) million.
- EBITA increased by 1 percent to SEK 136 (135) million.
- Profit after tax increased by 21 percent to SEK 48 (39) million.
- Earnings per ordinary share increased by 36 percent to SEK 0.38 (0.28).
- On 11 December, the Danish flooring supplier Timberman A/S, with annual sales of approximately SEK 420 million, was acquired as an add-on acquisition for Salix Group.
Period January-December 2024
- Net sales increased by 1 percent to SEK 7,866 (7,796) million.
- EBITA declined by 11 percent to SEK 658 (737) million.
- Profit after tax declined by 23 percent to SEK 283 (368) million.
- Earnings per ordinary share fell by 29 percent to SEK 2.63 (3.68).
- The Board proposes a dividend of SEK 2.0 (1.9) per ordinary share and SEK 40 per preference share in quarterly payments of SEK 10.
Events after the reporting period
- On 3 February 2025, the German label producer Clever Etiketten GmbH, with annual net sales of approximately SEK 290 million, was acquired as an add-on acquisition for Ettiketto Group. The acquisition also included Clever's sister companies.
Conference call
CEO Andreas Stenbäck and CFO Martin Aronsson will present the year-end report in a conference call on 12 February at 09.00. The presentation will be conducted in English.
For a webcast of the conference call (opportunity for written questions), go to:
https://www.finwire.tv/webcast/volati/year-end-report-2024/
The conference call (opportunity for oral questions) can be accessed at:
Phone number +46 8 5050 0828, Meeting ID 898 0369 7512, followed by #, *9 to ask a question.
The presentation and webcast will be available on www.volati.se after the conference call.
Volati AB (publ)
Engelbrektsplan 1, SE-114 34 Stockholm
Tel: +46 8 21 68 40
Email: info@volati.se
Corp. reg. no.: 556555-4317
For further information, please contact:
Andreas Stenbäck, CEO Volati AB, +46 70-889 09 60, andreas.stenback@volati.se
Martin Aronsson, CFO Volati AB, +46 70-741 20 12, martin.aronsson@volati.se
This information is information that Volati AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2025-02-12 07:45 CET.
About Volati
Volati is a Swedish industrial group with the vision to be Sweden's best owner of medium-sized companies. Through value-creating add-on acquisitions and long-term, sustainable company development, Volati has been delivering consistently strong profitable growth since the start in 2003. The Group consists of the business areas Salix Group, Ettiketto Group and Industry, with operations in 21 countries, about 2,100 employees and annual sales of approximately SEK 7.9 billion. Volati's ordinary shares and preference shares are listed on Nasdaq Stockholm. Further information is available at www.volati.se.
