INTERIM REPORT JANUARY 1 – SEPTEMBER 30, 2023
Strong quarter in volatile marketJuly 1 – September 30 · Net sales amounted to SEK 1,935 m (1,834), corresponding to a 5.5% increase in sales. At fixed exchange rates, net sales decreased by 2.2%. · The gross profit amounted to SEK 492 m (364), an increase of 35% in absolute terms compared with the same period last year, and the gross margin is once more at the same level as before the pandemic. · Operating income amounted to SEK 225 m (154), corresponding to an increase of 46.3% compared with the same period last year. · Good cost control and a decreasing rate of inflation
Kiilto Ventures invests in Voltan Energy , a Finnish scaleup that designs, constructs, finances and operates geothermal energy infrastructure. Compared to traditional heating sources, Voltan’s energy solutions provide a cost-effective, emission-free alternative for residents and building owners.Today, district heating is the largest source of emissions in many Finnish large cities. For example, about 60% of Helsinki’s direct carbon dioxide emissions originate from the production of district heating
