Studsvik’s Interim Report for January – March 2014
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In March Studsvik concluded the sale of the waste treatment operations in the USA. Comparative figures for sales and earnings exclude the divested operations.
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Sales for the first quarter were SEK 219.7 (250.9) million, a decrease in local currencies of 15.6 per cent.
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The operating profit for the first quarter was SEK 5.3 (7.3) million.
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Cash flow after investments was SEK –18.4 (–32.6) million
| Jan-March2014 | Jan-March2013 | Full year2013 | |
| Sales, SEK million | 219.7 | 250.9 | 1,001.3 |
| Operating profit, SEK million | 5.3 | 7.3 | 16.0 |
| Profit after tax, SEK million | 1.6 | –0.2 | –22.9 |
| Profit per share after tax, SEK | 0.20 | –0.02 | –2.78 |
| Cash flow after investments, SEK million* |
–18.4 | –32.6 | –44.7 |
| Equity per share, SEK million | 33.95 | 56.39 | 34.83 |
| Interest bearing net debt, SEK | 86.5 | 151.1 | 155.7 |
| Net debt/equity ratio, % | 31.1 | 32.6 | 54.4 |
| *Refers to total operations.There is a new organization from January 1, 2014. The report presents operations in accordance with that. | |||
The year-end report will be presented at a telephone conference call according to separate distributed invitation at 2:30 PM today.
Please read the full year-end report in the attached file.
Facts about Studsvik
Studsvik offers a range of advanced technical services to the international nuclear power industry in such areas as waste treatment, consultancy services and fuel and materials technology. The company has over 65 years’ experience of nuclear technology and radiological services. Studsvik has 1,000 employees in 7 countries and the company’s shares are listed on the NASDAQ OMX Stockholm.
Studsvik is publishing this information pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. The Information was released for public disclosure on April 23, 2014 at 1:00 PM CET.
www.studsvik.com