HABO, Sweden, April 25, 2023 /PRNewswire/ -- The first quarter:
Order intake was MSEK 2,179 (2,204), a decrease of -1.1% adjusted to -4.3% for currency effects of MSEK +89 and business closures of MSEK -20
Net sales were MSEK 2,224 (1,873), an increase of +18.7% adjusted to +14.3% for currency effects of MSEK +93 and business closures of MSEK -9
Operating profit was MSEK 244.1 (173.3), an increase of +40.9% with an operating margin of 11.0 (9.3)%
Earnings after tax were MSEK 157.9 (119.5)
Earnings per share were SEK 0.90 (0.68)
Cash flow from operating activities was MSEK 206.4 (-68.4)
Comments from CEO Bodil Sonesson:
The strong performance from 2022 continues in 2023 where, for the first quarter the Group delivered a great set of results. We see good growth for sustainable lighting solutions from the renovation opportunity.
An investor webcast following the Quarter 1 Report 2023 will be held on 26 April 2023 at 09:00 CET.
This disclosure contains information that Fagerhult is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014) and the Swedish Securities Markets Act (2007:528). The information was submitted for publication, through the agency of the contact person, on 25-04-202314:22 CET.
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