Lagercrantz interim report 1 April - 31 December 2023

Third quarter (1 OcTOBER – 31 DECEMBER 2023)

• Net revenue increased by 6% to MSEK 2,054 (1,941), where the acquired growth was 7% and the organic growth was minus 2%.
• Operating profit (EBITA) increased by 9% to MSEK 353 (323), equivalent to an EBITA margin of 17.2% (16.6).
• Profit after financial items (EBT) increased by 13% to MSEK 284 (251).
• Profit after taxes increased by 13% to MSEK 225 (199).
   

NIne Months (1 april – 31 DECEMBER 2023)

• Net revenue increased by 15% to MSEK 5,970 (5,206), where the acquired growth was 11% and the organic growth was 0.5%.
• Operating profit (EBITA) increased by 21% to MSEK 1,042 (863), equivalent to an EBITA margin of 17.5% (16.6).
• Profit after financial items (EBT) increased by 17% to MSEK 818 (697).
• Profit after taxes increased by 17% to MSEK 673 (546). For the latest 12-month period, earnings per share after dilution amounted to SEK 4.13 (3.70 for the financial year 2022/23).
• Cash flow from operating activities increased by 46% to amounted to MSEK 949 (652).
• Return on equity for the latest 12-month period amounted to 28% and the equity ratio at the end of the period was 38%.
• During the financial year, seven acquisitions were completed with total annual revenue of approximately MSEK 555. In addition, an agreement has been signed for the acquisition of Nordic Road Safety AB with expected takeover in March 2024, which adds further annual revenue of approximately MSEK 350.

CEO COMMENT

“Lagercrantz continues to advance its positions”
Lagercrantz’s quarter from October – December 2023, meant increased profit and margins, a strong cash flow and several exciting acquisitions. The market situation continued to be stable for most of our businesses, even though several of the units noted a slowing growth rate in 2023. Positive contributions from acquisitions and stronger margins helped to ensure that profit after net financial items (EBT) increased by 13% to MSEK 284 (251), which is a new record for a single quarter. In addition, cash flow from operating activities was strong and amounted to MSEK 367 (439) in the quarter.

For more CEO comment, please see the Interim Report.

Stockholm, 6 February 2024

Lagercrantz Group AB (publ)

A presentation of the report will be held 6 February, at 10:00 CET with CEO Jörgen Wigh and CFO Peter Thysell. 
The webcast will be recorded.

To attend, please use one of the following links:

Webcast: https://ir.financialhearings.com/lagercrantz-group-q3-report-2023-2024
Via the webcast you can ask written questions.

Teleconference: https://conference.financialhearings.com/teleconference/?id=5005207
You can ask questions verbally via the teleconference.

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 6 February 2024 at 07:40 CET.

For further information please contact:
Jörgen Wigh, President and CEO, phone +46 8 700 66 70
Peter Thysell, CFO, phone +46 70 661 05 59
or visit or website 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 75 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 2,700 employees and annual revenues of more than MSEK 8,000. The Company is listed on Nasdaq Stockholm since 2001. www.lagercrantz.com

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