Another quarter in line with previous year
We have increased sales for the third quarter by 4 percent to SEK 1,917 (1,847) million. In the same period, EBITA has fallen slightly to SEK 186 (192) million, resulting in an EBITA margin of 10 (10) percent, in line with the previous year. We have continued to face challenging market conditions, but we are well equipped to deal with the current situation thanks to the structural measures we have implemented within the Group. Our platforms are thus in a stable position in what is a challenging market, and the impact of the implemented measures is expected to be fully realised when market conditions improve.
Andreas Stenbäck, President and CEO
For the full CEO-comment, see the report in its entirety.
Quarter July-September 2024
- Net sales increased by 4 percent to SEK 1,917 (1,847) million.
- EBITA declined by 3 percent to SEK 186 (192) million.
- Profit after tax declined by 18 percent to SEK 83 (101) million.
- Earnings per ordinary share fell by 22 percent to SEK 0.80 (1.03).
- Volati joins the Science Based Targets initiative.
Period January-September 2024
- Net sales declined by 2 percent to SEK 5,859 (5,987) million.
- EBITA declined by 13 percent to SEK 522 (603) million.
- Profit after tax declined by 29 percent to SEK 235 (328) million.
- Earnings per ordinary share fell by 34 percent to SEK 2.25 (3.40).
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 25 October 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/q3-2024/
The conference call (opportunity for oral questions) can be accessed at:
Phone number +46 8 5016 3827, Meeting ID 858 6271 0439, 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. The information was submitted for publication, through the agency of the contact persons set out above, at 2024-10-25 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 7.7 billion. Volati's ordinary shares and preference shares are listed on Nasdaq Stockholm. Further information is available at www.volati.se.
