YEAR-END REPORT JANUARY - DECEMBER 2023
Improved operating margin and strong cash flow for the year Fourth quarter 2023 · Net sales decreased by 17% to SEK 8,605m (10,353). Changes in exchange rates impacted with -1%. Planned exits of low-margin petrol-powered business impacted with -2%. · Organic sales declined by 15%. · Operating income was SEK -983m (-1,737) and the operating margin was -11.4% (-16.8). · Excluding items affecting comparability, the operating income amounted to SEK -168m (-13) and the operating margin was -1.9% (-0.1). · Items affecting comparability amounted to SEK -815m (-1,724), and was