Lagercrantz Interim Report 1 April - 30 September 2023
SECOND QUARTER (1 JULY – 30 SEPTEMBER 2023)
• Net revenue increased by 12% to MSEK 1,871 (1,668), of which organic growth amounted to -1%.
• Operating profit (EBITA) increased by 21% to MSEK 333 (275), equivalent to an EBITA margin of 17.8% (16.5).
• Profit after financial items (EBT) increased by 21% to MSEK 258 (214).
• Profit after taxes increased by 21% to MSEK 204 (168).
THE FIRST SIX MONTHS (1 APRIL – 30 SEPTEMBER 2023)
• Net revenue increased by 20% to MSEK 3,917 (3,265), of which organic growth amounted to 2%.
• Operating profit (EBITA) increased by 28% to MSEK 690 (540), equivalent to an EBITA margin of 17.6% (16.5).
• Profit after financial items (EBT) increased by 20% to MSEK 535 (446).
• Profit after taxes increased by 19% to MSEK 413 (347). For the latest 12-month period, earnings per share after dilution amounted to
SEK 4.01 (3.70 for the financial year 2022/23).
• Cash flow from operating activities amounted to MSEK 505 (213).
• Return on equity for the latest 12-month period amounted to 30% and the equity ratio at the end of the period was 36%.
• Four acquisitions were carried out during the financial year, with total annual revenue of approximately MSEK 310.
CEO COMMENT
“Aiming to double the profit again within 5 years”
Lagercrantz’s second quarter (July – September) 2023 was a good continuation of the fine start to the financial year that we reported in the first quarter. The market situation was still at a good level for most of our businesses. With a positive contribution from acquisitions and strengthened margins, profit after net financial items (EBT) increased by 21% to MSEK 258 (214) and the operating margin (EBITA) reached a new record level of 17.8% (16.5). Cash flow also remained strong and from operating activities in the first six months it amounted to MSEK 505 (213).
For more CEO comment, please see the Interim Report.
Stockholm, 25 October 2023
Lagercrantz Group AB (publ)
A presentation of the report will be held 25 October, at 10:00 CET with CEO Jörgen Wigh. The webcast will be recorded.
To attend, please use one of the following links:
Webcast https://ir.financialhearings.com/lagercrantz-group-q2-report-2023
You will be able to ask questions in writing via the webcast
Telefon https://conference.financialhearings.com/teleconference/?id=5005434
You will be able to ask questions verbally via the conference call.
This information is information that Lagercrantz Group AB (publ) is obligated to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication on 25 October 2023 at 07.40 CET.
For additional information, contact:
Jörgen Wigh, President & CEO, Lagercrantz Group AB, tel +46 8 700 66 70,
Peter Thysell, Chief Financial Officer, Lagercrantz Group, tel +46 70 661 0559,
or the company website at: http://www.lagercrantz.com
LAGERCRANTZ GROUP IN BRIEF
Lagercrantz Group is a Tech Group that offers world-leading, value-creating technology, using either proprietary products or products from leading suppliers. The Group consists of some 70 companies, each with a focus on a specific sub-market – a niche. High value-creation is common to all the companies, including a high degree of customisation, support, service and other services.
Lagercrantz Group is active in nine countries in Northern Europe as well as in China, India and in the USA. The Group has approximately 2,600 employees and annual revenues of about MSEK 7,900. The Company is listed on Nasdaq Stockholm since 2001.
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