Fourth quarter and full year report, 2023: Continued growth with margin expansions
Fourth quarter · Sales of SEK 904 (855) million, an increase of 6%. In local currencies the growth was 5%. · Sales, in local currencies increased by 16% in APAC and 6% in EMEA, while sales in Americas decreased by 5%. · Sales in local currencies increased by 1% in Consumables and 31% in Technologies, while sales in Genetic Services decreased by 2%. · Gross margin increased to 56.9% (54.2). · Operating income before depreciation and amortisation (EBITDA) was SEK 294 (273) million, giving an EBITDA margin of 32.5% (31.9). · Operating cash flow increased to SEK 171 million