Irish acquisition strengthens the group in the data center segment in Europe
FIRST QUARTER OF 2024
• Net sales increased by 2.7 percent to MSEK 399 (389). In unchanged currency, sales increased by 1.1 percent.
• Operating profit before amortization of intangible assets (EBITA) decreases by 25 percent to MSEK 21 (28), of which MSEK -6.2 (-3.3) is attributable to unrealized exchange rate gains and losses.
• Cash flow from operating activities amounted to MSEK 12 (20), corresponding to SEK 0.56 (0.98) per share.
• Earnings per share amount to SEK 0.62 (0.56).
• The equity ratio increased during the period to 52 percent from 44 percent.
| Quarter 1 | Full year | ||||
| 2024 | 2023 | 2023 | |||
| Net sales, MSEK | 399.2 | 388.8 | 1 572.8 | ||
| Gross margin, % | 24.3 | 26.0 | 24.4 | ||
| EBITA, MSEK | 21.1 | 28.1 | 106.8 | ||
| EBITA, % | 5.3 | 7.2 | 6.8 | ||
| Profit or loss for the period, MSEK | 13.6 | 11.6 | 37.9 | ||
| Earnings per share, SEK | 0.62 | 0.56 | 1.76 | ||
SIGNIFICANT EVENTS DURING THE QUARTER
• Alcadon signs an agreement to acquire Irish Wood Communications Ltd, one of Ireland's leading distributors of networking products, with planned closing date of 2 April 2024.
• Alcadon has carried out a directed share issue of 2,054,795 shares to existing and new investors to partly finance the acquisition of Wood Communications Ltd. Through the issue, Alcadon receives MSEK 75 before transaction costs. The number of shares in Alcadon Group AB increased from 21 722 570 to 23 777 365 after the issue.
SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD
• Alcadon carries out a non-cash issue of 733,661 shares as part of the payment for the acquisition of Irish Wood Communications. The number of shares in Alcadon Group AB increased from 23,777,365 to 24,511,026 after the completed issue.
• Alcadon has completed the acquisition of Irish Wood Communications Ltd on 2 April 2024.
• Group CEO Sonny Mirborn will leave Alcadon in October 2024. The Board has initiated a recruitment process to find a new Group CEO.
Contacts
For more information, please contact:
Alcadon Group AB
Sonny Mirborn, CEO
Mobil: +46 70 639 50 92
E-mail: smi@alca.se
www.alcadongroup.se
Certified Adviser: Svensk Kapitalmarknadsgranskning AB
This information is information that Alcadon Group 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 2024-04-26 08:00 CEST.
About Alcadon Group AB
Alcadon conducts operations in Sweden, Norway, Denmark, Germany, the UK, Ireland and Benelux. Since its inception in 1988, Alcadon has established itself as a leading supplier of data and telecommunications products and systems.
Alcadon Group AB (publ), 559009-2382, Segelbåtsvägen 2, 112 64 Stockholm, Sweden
Tel: +46 8-657 36 00, E-mail info@alca.se, webb: www.alcadongroup.se
