Key financial figures
KEY FIGURES – GROUP
Amounts in SEK million | 2023 Oct-Dec | 2022 Oct-Dec | 2023 Jan-Dec | 2022 Jan-Dec |
---|---|---|---|---|
Net sales | 240.3 | 257.3 | 884.2 | 950.1 |
Organic growth (%) | -10.2 | -10.1 | -12.3 | -3.5 |
Net sales EVSE | 38.3 | 76.6 | 230.2 | 236.9 |
EVSE share of net sales (%) | 16.0 | 29.8 | 26.1 | 25.6 |
Gross margin (%) | 53.6 | 50.5 | 49.9 | 50.3 |
Adjusted EBITDA | 44.1 | 24.9 | 115.0 | 123.1 |
Adjusted EBITA | 30.7 | 12.9 | 59,1 | 79.2 |
Adjusted EBITA margin (%) | 12.8 | 5.0 | 6.7 | 8.3 |
Operating profit (EBIT) | 23.5 | -4.2 | -230.4 | 36.2 |
Operating margin (%) | 9.8 | -1.6 | -26.1 | 3.8 |
Net profit for the period after tax | -0.5 | -26.8 | -256.9 | 2.7 |
Earnings per share after dilution (SEK) | -0.01 | -0.54 | -3.95 | 0.05 |
Cash flow from operating activities | 74.7 | -37.3 | 135.2 | -46.6 |
Net debt/Adjusted EBITDA (times)* | – | – | 2.7x | 5.4x |
QUARTERLY DATA – GROUP
Amounts in SEK million | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 |
---|---|---|---|---|---|---|---|---|
Net sales | 236.8 | 234.7 | 221.4 | 257.3 | 245.8 | 189.9 | 199.2 | 240.3 |
Net sales EVSE | 37.2 | 64.1 | 59.0 | 76.6 | 95.7 | 60.7 | 35.4 | 38.3 |
Net sales EVSE (%) | 16.7 | 28.6 | 26.7 | 29.8 | 38.9 | 30.6 | 17.8 | 16.0 |
Gross margin (%) | 48.4 | 52.1 | 50.3 | 50.5 | 44.5 | 50.4 | 51.6 | 53.6 |
EBITA | 22.0 | 23.2 | 16.2 | 2.9 | -1.6 | -5.5 | -59.8 | 29.1 |
Adjusted EBITA | 22.0 | 23.2 | 21.1 | 12.9 | 7.4 | 2.8 | 18.2 | 30.7 |
Adjusted EBITA margin (%) | 9.3 | 9.9 | 9.5 | 5.0 | 3.0 | 1.4 | 9.1 | 12.8 |
Operating profit (EBIT) | 15.1 | 16.1 | 9.1 | -4.2 | -8.6 | -12.5 | -232.8 | 23.5 |
Operating margin (%) | 6.4 | 6.9 | 4.1 | -1.6 | -3.5 | -6.3 | -116.9 | 9.8 |
Net profit/loss for the period after tax | 10.8 | 11.8 | 6.8 | -26.8 | -17.6 | -22.1 | -216.7 | -0.5 |
Earnings per share before dilution (SEK) | 0.22 | 0.24 | 0.14 | -0.54 | -0.35 | -0.32 | -3.10 | -0.01 |
Average no. of shares, millions* | 49.3 | 49.7 | 50.0 | 50.0 | 50.2 | 70.0 | 70.0 | 70.0 |
Cash flow from operating activities | -1.1 | -7.2 | -1.0 | -37.3 | 36.4 | 38.5 | -14.4 | 74.7 |
Net debt/Adjusted EBITDA (times) | 3.6x | 4.2x | 4.5x | 5.4x | 3.0x | 3.4x | 3.7x | 2.7x |
QUARTERLY DATA – SEGMENTS
Amounts in SEK million | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 |
---|---|---|---|---|---|---|---|---|
Net sales | ||||||||
Consumer | 150.6 | 141.0 | 128.0 | 146.8 | 120.9 | 106.3 | 131.1 | 172.5 |
Professional | 72.0 | 83.5 | 93.1 | 110.2 | 125.0 | 92.2 | 67.9 | 67.2 |
Segment profit/loss | ||||||||
Consumer | 48.4 | 50.7 | 49.6 | 47.2 | 44.6 | 38.3 | 53.4 | 71.9 |
Professional | 2.5 | -0.4 | -2.6 | -1.1 | -4.0 | -5.8 | -8.2 | -9.6 |
Segment margin (%) | ||||||||
Consumer | 32.2 | 35.9 | 38.8 | 32.1 | 36.9 | 36.1 | 40.7 | 41.7 |
Professional | 3.5 | -0.4 | -2.8 | -1.0 | -3.2 | -6.3 | -12.1 | -14.3 |
Definitions
Measure: | Definition/Calculation |
---|---|
Interest-bearing net debt | Interest-bearing liabilities adjusted for lease liabilities less interest-bearing assets and cash and cash equivalents. |
Earnings per share | Net profit in SEK in relation to the average number of shares, according to IAS 33. |
Alternative performance measures: | Definition/Calculation | Purpose |
---|---|---|
EVSE share of net sales | Sales of EV chargers and accessories as a share of total net sales from the divisions. | Used to measure sales of products for electric vehicles. |
Gross margin | Gross profit as a percentage of net sales. | Used to measure product profitability. |
Gross profit | Net sales less cost of goods sold, freight and customs. | Used to measure product profitability. |
EBITA | Operating profit before amortisation and impairment of M&A-driven non-current assets. | Measure of the underlying earnings capacity of the business and facilitates comparison between the quarters. |
Adjusted EBITA | EBITA before items affecting comparability. | Measure of the underlying earnings capacity of the business and facilitates comparison between the quarters. |
Adjusted EBITA margin | Adjusted EBITA as a percentage of net sales. | This performance measure gauges the degree of profitability of the business. |
Adjusted EBITDA | Operating income according to the income statement before items affecting comparability, depreciation/amortisation and impairment of intangible and tangible assets. | Measure of the underlying earnings capacity of the business and facilitates comparison between the periods. |
Items affecting comparability | Items affecting comparability refers to material income and cost items that are recognised separately due to the significance of their nature and amounts. | Recognising items affecting comparability separately increases the comparability of operating profit over time. |
LTM | Last Twelve Months. | Measure showing the outcome for the last twelve months. |
Net debt/Adjusted EBITDA | Net debt in relation to Adjusted EBITDA LTM. | Measure showing the capacity to repay debt. |
Organic growth | Change in net sales adjusted for acquisitions/divestments and currency effects. | Measure of internally generated growth. |
Sales growth | Net sales for the current period in relation to net sales for the comparative period. | Aims to show the trend in net sales. |
Segment profit/loss | Adjusted EBITDA excluding central items. | Measure showing the earnings capacity of the segment. |
Segment margin | Earnings for the segment as a percentage of net sales for the segment. | Measure showing the earnings capacity of the segment. |
Currency effects | Average exchange rate for the comparative period multiplied by sales in local currency for the current period. | Aims to show growth excluding currency effects. |
Concept | Definition/Calculation | Purpose |
---|---|---|
Central | Sales in Central comprise items that cannot be attributable to any specific segment. Also includes Group-wide income and costs that cannot be allocated to the segments. | Items that are not directly attributable to the segments. |