Key financial figures
KEY FIGURES – GROUP
| Amounts in SEK million | 2024 Jan-Mar | 2023 Jan-Mar | 2023 Jan-Dec | LTM |
|---|---|---|---|---|
| Net sales | 200.8 | 245.8 | 884.2 | 839.1 |
| Organic growth (%) | -18.7 | -2.7 | -12.3 | -12.3 |
| Net sales EVSE | 34.8 | 95.9 | 230.2 | 169.1 |
| EVSE share of net sales (%) | 17.3 | 39.0 | 26.1 | 33.2 |
| Gross margin (%) | 54.0 | 44.5 | 49.9 | 52.5 |
| Adjusted EBITDA | 32.2 | 21.5 | 115.0 | 125.6 |
| Adjusted EBITA | 19.4 | 7.4 | 59,1 | 71.0 |
| Adjusted EBITA margin (%) | 9.7 | 3.0 | 6.7 | 8.5 |
| Operating profit (EBIT) | 7.6 | -8.6 | -230.4 | -214.2 |
| Operating margin (%) | 3.8 | -3.5 | -26.1 | -25,5 |
| Net profit for the period after tax | 0.6 | -17.6 | -256.9 | -238.7 |
| Earnings per share after dilution (SEK) | 0.01 | -0.35 | -3.95 | -3.41 |
| Cash flow from operating activities | 45.1 | 36.4 | 135.2 | 143.9 |
| Net debt/Adjusted EBITDA (times)* | 2.2x | 3.0x | 2.7x | – |
QUARTERLY DATA – GROUP
| Amounts in SEK million | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|
| Net sales | 234.7 | 221.4 | 257.3 | 245.8 | 189.9 | 199.2 | 240.3 | 200.8 |
| Net sales EVSE | 64.1 | 59.0 | 76.6 | 95.7 | 60.7 | 35.4 | 38.3 | 34.8 |
| Net sales EVSE (%) | 28.6 | 26.7 | 29.8 | 38.9 | 30.6 | 17.8 | 16.0 | 17.3 |
| Gross margin (%) | 52.1 | 50.3 | 50.5 | 44.5 | 50.4 | 51.6 | 53.6 | 54.0 |
| EBITA | 23.2 | 16.2 | 2.9 | -1.6 | -5.5 | -59.8 | 29.1 | 12.9 |
| Adjusted EBITA | 23.2 | 21.1 | 12.9 | 7.4 | 2.8 | 18.2 | 30.7 | 19.4 |
| Adjusted EBITA margin (%) | 9.9 | 9.5 | 5.0 | 3.0 | 1.4 | 9.1 | 12.8 | 9.7 |
| Operating profit (EBIT) | 16.1 | 9.1 | -4.2 | -8.6 | -12.5 | -232.8 | 23.5 | 7.6 |
| Operating margin (%) | 6.9 | 4.1 | -1.6 | -3.5 | -6.3 | -116.9 | 9.8 | 3.8 |
| Net profit/loss for the period after tax | 11.8 | 6.8 | -26.8 | -17.6 | -22.1 | -216.7 | -0.5 | 0.6 |
| Earnings per share before dilution (SEK) | 0.24 | 0.14 | -0.54 | -0.35 | -0.32 | -3.10 | -0.01 | 0.01 |
| Average no. of shares (millions) | 49.7 | 50.0 | 50.0 | 50.2 | 70.0 | 70.0 | 70.0 | 70.0 |
| Cash flow from operating activities | -7.2 | -1.0 | -37.3 | 36.4 | 38.5 | -14.4 | 74.7 | 45.1 |
| Net debt/Adjusted EBITDA (times) | 4.2x | 4.5x | 5.4x | 3.0x | 3.4x | 3.7x | 2.7x | 2.2x |
QUARTERLY DATA – SEGMENTS
| Amounts in SEK million | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|
| Net sales | ||||||||
| Consumer | 141.0 | 128.0 | 146.8 | 120.9 | 106.3 | 131.1 | 172.5 | 131.6 |
| Professional | 83.5 | 93.1 | 110.2 | 125.0 | 92.2 | 67.9 | 67.2 | 69.1 |
| Segment profit/loss | ||||||||
| Consumer | 50.7 | 49.6 | 47.2 | 44.6 | 38.3 | 53.4 | 71.9 | 47.3 |
| Professional | -0.4 | -2.6 | -1.1 | -4.0 | -5.8 | -8.2 | -9.6 | -3.2 |
| Segment margin (%) | ||||||||
| Consumer | 35.9 | 38.8 | 32.1 | 36.9 | 36.1 | 40.7 | 41.7 | 35.9 |
| Professional | -0.4 | -2.8 | -1.0 | -3.2 | -6.3 | -12.1 | -14.3 | -4.6 |
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. |