Sales and EBITA in line with previous year
In a still challenging market, we have been able to balance short-term profitability and long-term value growth to deliver an EBITA in line with the previous year. Completed acquisitions and implemented cost-saving programmes have had a positive impact on the quarter. Structurally, Volati is in very good shape and as market conditions improve, we will be well positioned to gradually reverse the market-driven decline in earnings in recent years.
Andreas Stenbäck, President and CEO
For the full CEO-comment, see the report in its entirety.
Quarter April-June 2024
- Net sales declined by 2 percent to SEK 2,195 (2,251) million.
- EBITA declined by 2 percent to SEK 244 (249) million.
- Profit after tax declined by 14 percent to SEK 132 (153) million.
- Earnings per ordinary share fell by 15 percent to SEK 1.43 (1.67).
- Volati strengthens its management group with expertise in strategic HR. Åsa Holmgren takes up the position of Head of Strategic HR in August 2024.
Period January-June 2024
- Net sales declined by 5 percent to SEK 3,942 (4,140) million.
- EBITA declined by 18 percent to SEK 334 (408) million.
- Profit after tax declined by 33 percent to SEK 151 (227) million.
- Earnings per ordinary share fell by 39 percent to SEK 1.45 (2.37).
Events after the reporting period
- No significant events have taken place after the end of the reporting period.
Conference call
CEO Andreas Stenbäck and CFO Martin Aronsson will present the interim report in a conference call on 15 June at 9.00 a.m. 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/q2-2024/
The conference call (opportunity for oral questions) can be accessed at:
Phone number +46 8 5016 3827, Meeting ID 886 4635 1495, followed by #, *9 to ask a question.
The presentation and webcast will be available on www.volati.se after the conference call.
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 and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 2024-07-15 07:45 CEST.
Volati AB (publ)
Engelbrektsplan 1, SE-114 34 Stockholm
Tel: +46 8 21 68 40
Email: info@volati.se
Corp. reg. no.: 556555-4317
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 22 countries, about 2,100 employees and annual sales of approximately SEK 7.6 billion. Volati's ordinary shares and preference shares are listed on Nasdaq Stockholm. Further information is available at www.volati.se.
