Press release 29 April 2024
Q1 2024
- Adjusted EBITA amounted to SEK 359m (324)
- All business areas improved their EBITA. Industry reported EBITA of SEK 307m (303), Construction & Services reported EBITA of SEK 297m (284) and Consumer reported EBITA of SEK -194m (-213)
- Operating profit amounted to SEK 329m (285)
- Profit for the period amounted to SEK 125m (57)
- Diluted earnings per share amounted to SEK 0.06 (-0.09)
- Cash flow from operating activities amounted to SEK -137m (507)
- Leverage excluding finance leases was 0.8x (2.2x)
- New reporting structure for the business areas with breakdown by segment
"EBITA increased 11% for the quarter. All business areas improved their earnings in the seasonally weakest quarter for Ratos. Sales in the quarter were at the same level as in the preceding year, while cash flow decreased. The Group's leverage remains low."
Jonas Wiström, President and CEO, Ratos
A presentation of the interim report will be held today at 09.00 CEST. The presentation will be held in English and will also be available as a webcast on Ratos website, www.ratos.com.
The presentation can be followed on Youtube via the following link;
https://youtube.com/live/m1pxBSsaufo?feature=share
Participants who wish to ask questions live are asked to pre-register, please send an e-mail to helena.jansson@ratos.com in advance for a personal invitation.
Representatives of the media are welcome to contact Josefine Uppling, Vice President Communication, for interview requests.
Stockholm 29 April 2024
Jonas Wiström
President and CEO
For further information, please visit www.ratos.com or contact:
Josefine Uppling, Vice President Communication and Sustainability
+46 76 114 54 21
josefine.uppling@ratos.com
Jonas Ågrup, CFO and IR
+46 8 700 17 00
Jonas Wiström, President and CEO
+46 8 700 17 00
This is information that Ratos 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 7:00 a.m. CEST on 29 April 2024.
About Ratos
Ratos is a Swedish business group focusing on technological and infrastructure solutions, consisting of 17 companies divided into three business areas: Construction & Services, Industry and Consumer. The companies have approximately SEK 34 billion in net sales (LTM). We have a distinct corporate culture and strategy - everything we do is based on our core values: Simplicity, Speed in execution and It's All About People. We enable independent subsidiaries to excel by being part of something larger. People, leadership, culture and values are key focus areas.
