Interim report January - September 2018

July - September

  • Net sales for the period increased with 11.0% to EUR 50.2 (45.3) million improved by the consolidation of Sataservice from August, partly offset by unfavorable currency effects. Net organic growth was flat compared to prior year
  • During the quarter no contracts were lost or won. Sataservice’s contract portfolio has been added and a non-core contract was divested, which on balance affected the contract portfolio positively. Portfolio run rate annualized net sales at the end of the quarter was EUR 216.7 million
  • Operating loss increased to negative EUR -2.1 million from negative EUR -0.5 million prior year
  • Adjusted EBITDA decreased to EUR 2.4 million from EUR 2.8 million prior year. In local currency adjusted EBITDA decreased with 8.0% compared to last year
  • Cash flow from operating activities amounted to EUR 0.9 (-8.9) million. Change in net working capital was positive by EUR 4.0 (-7.0) million
  • Net loss increased to EUR -6.1 million from EUR -2.4 million prior year due to increased operating loss and higher interest expenses

January – September

  • Net sales for the first nine months of 2018 increased by 1.7% to EUR 140.6 (138.3) million, as the consolidation of Sataservice from August 2018 could not compensate for negative currency effects. Net sales grew organically by 2.2%
  • During the first nine months of 2018 six contracts were won, four contracts were lost, three contracts were renewed, one contract was divested and Sataservice’s contract portfolio was added, which on balance affected the contract portfolio positively with EUR 29.1 million
  • Operating loss was negative EUR -3.4 million, compared to negative EUR -1.8 million prior year
  • Adjusted EBITDA for the first nine months of 2018 was EUR 8.4 million, down from EUR 9.0 million prior year. In local currency adjusted EBITDA was flat compared to last year
  • Cash flow from operating activities for the first nine months amounted to EUR -4.5 (-5.1) million. Change in net working capital was negative by EUR -3.7 (-5.7) million
  • Net loss increased to EUR -16.1 million from EUR -4.0 million prior year due to higher interest expenses, other financial expenses relating to financing and acquisitions and foreign exchange losses


Stockholm, 30 November 2018

Quant AB (publ) 


For further information, please contact:

Linda Höljö, CFO: +46 72 507 40 85

André Strömgren, VP, Commercial, Investor Relations & Treasury: +46 708 410 796

E-mail: ir@quantservice.com

Quant AB (publ) is a global leader in industrial maintenance. For over 30 years, we have been realizing the full potential of maintenance for our customers. From embedding superior safety practices and building a true maintenance culture, to optimizing maintenance cost and improving plant performance, our people make the difference. We are passionate about maintenance and proud of ensuring we achieve our customers’ goals in the most professional way. The group operates internationally in close to 30 countries world-wide, employing close to 3,000 people. The parent company is located in Stockholm, Sweden.

Quant AB (publ) is privately held by Nordic Capital since 2014. For additional information about the group, please visit www.quantservice.com.

Subscribe