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  • Peter Teske

    CFO


    0760-021930
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    Studsvik AB: Studsvik Implements Cost-Saving Program to Achieve Increased Stable Profitability

    Studsvik AB (“the Company”) is implementing a cost-saving program in response to lower performance levels in 2024 for the Fuel and Materials Technology (FMT) business area. The savings are estimated to amount to SEK 15-20 million annually and are expected to reach full effect in 2025. The goal of the cost-saving program is to accelerate the development towards stronger profitability within Studsvik’s Swedish operations. The cost-saving program involves a review of all the Company’s expenses, including the reduction of general costs, a decrease in consultancy fees, and notices of reduced

    Studsvik’s Interim Report for the Third Quarter 2024

    · The advanced financial fraud uncovered in the USA during August had a negative impact on the Group’s earnings in the quarter of SEK -10.1 million. · The operating result for the Group in the quarter was SEK -0.5 million, which includes non-recurring items of SEK -10.1 million. Operating profit for the same period last year amounted to SEK 22.9 million. · During the quarter Scandpower signed an agreement in the US market for the delivery of GARDEL and CMS5 software. The Group in summary Q3 Jan-Oct Jan-Dec

    Rescheduling of Interim Report Release

    Rescheduling of Interim Report ReleaseStudsvik AB has decided to reschedule the release of its interim report for the third quarter of 2024. The report, originally scheduled for release at 11:30 am (CET), will now be published at 8:30 am (CET) on the same day. This decision to advance the publication is part of our ongoing efforts to enhance transparency and provide our shareholders and stakeholders with timely access to current information. We would also like to inform you that the analyst meeting will proceed as planned and will not be affected by this change. The meeting will take

    Studsvik broadens its strategy, Karl Thedéen appointed new President and CEO

    Today Karl Thedéen will assume the position of President and CEO of Studsvik. Camilla Hoflund will leave the Group after more than 20 years, including seven successful years as President and CEO.Under Camilla Hoflund's leadership, Studsvik has focused on creating long-term profitability in its existing operations. Studsvik is now well positioned for a more offensive strategy with the aim of further accelerating its growth and thereby creating more long-term value for its shareholders. "I want to thank Camilla for her contributions and wish her all the best for the future," says Jan

    Invitation to conference call, October 23 at 16:00 (CET)

    Studsvik AB presents its Interim Report for the Third Quarter 2024 and hereby invites media and analysts to a conference call held in English on Wednesday, October 23 at 16:00 (CET).Studsvik’s Interim Report for the Third Quarter 2024 will be distributed at approximately 11:30 am (CET), October 23. As of this time, the report will also be available at www.studsvik.com. The call will be held in English, starting 16:00 (CET). If you wish to participate via webcast please use the link below. Via the webcast you are able to ask written questions. Studsvik Q3 Report 2024 (

    Studsvik's comment on a Swedish TV-feature

    The suspicions that the Swedish TV4-feature has in its latest broadcast, is information that Studsvik forwarded to the Swedish Security Service already on Monday, September 23. Studsvik cooperates with the Swedish Security Service in the case and has taken measures to sharpen the already strict level of security in the company.  We have no further comments at this time, out of concern for the employee and the ongoing case. Contact: Veronica Fors, Global HR Manager Telephone: +46 76 002 15 35 Email: veronica.fors@studsvik.com Facts about Studsvik Studsvik offers a range

    Studsvik's US subsidiary, Studsvik Scandpower Inc, exposed to fraud - incorrect payments

    Studsvik's US subsidiary Studsvik Scandpower Inc, within the Scandpower business area, has been exposed to an advanced financial fraud which has resulted in incorrect payments of USD 1.3 million which will have a negative impact on the Scandpower business area's earnings for the third quarter of 2024. The investigation is ongoing internally and the incident has been reported to the relevant US authorities and insurance companies. Studsvik has immediately started work to further strengthen the internal control systems to prevent similar events from occurring. For further information

    Studsvik’s Interim Report for the Second Quarter 2024

    · Operating profit for the Group for the first half of the year was SEK 25.7 million compared with SEK 21.9 million in the previous year. · Studsvik signed an agreement to acquire all the shares in Extrem Borr och Sågteknik SP AB with effect from 1 July 2024 · During the quarter the Waste Management Technology business area signed a strategic partnership agreement with Uniper, an international energy group with operations in more than 40 countries.The Group in summary The Interim Report will be presented at a telephone conference call according to separately distributed

    Invitation to conference call, July 23 at 13:00 (CEST)

    Studsvik AB presents its Interim Report for the Second Quarter 2024 and hereby invites media and analysts to a conference call held in English on Tuesday, July 23 at 13:00 (CEST).Studsvik’s Interim Report for the Second Quarter 2024 will be distributed at approximately 10:30 am (CEST), July 23. As of this time, the report will also be available at www.studsvik.com.   The call will be held in English, starting 13:00 (CEST).   If you wish to participate via webcast please use the link below. Via the webcast you are able to ask written questions. Studsvik Q2 Report 2024 (

    Studsvik enters into agreement to acquire Extrem Borr och Sågteknik AB

    Studsvik has today entered into an agreement to acquire all the shares in the company Extrem Borr och Sågteknik AB, specialists in various types of segmentation primarily within the nuclear power industry. Under the agreement the acquisition is set to take place on 1 July 2024.Extrem Borr och Sågteknik AB (EBS) specialises in various types of segmentation mainly within the nuclear power industry (cutting, sawing, drilling etc). The company is based in Ängelholm, has eight employees and acts as a project manager and problem solver in various types of dismantling projects, chiefly involving

    Strategic Partnership Forms for Nuclear Waste Solutions

    Uniper and Studsvik signs a strategic partnership agreement to operate in the Nordics and Baltics and in selected markets in Europe - Belgium, Spain, Italy and Portugal.Optimising the total cost of ownership is essential in the nuclear industry, especially in decommissioning and waste management. Uniper and Studsvik will therefore combine its offerings for specific activities in these markets, in order to provide customers with cost-effective, world-class solutions with the highest safety, efficiency and quality in mind. – Today, we are taking a step towards offering customers a complete

    Studsvik visited by Minister for Energy, Business, and Industry and Deputy Prime Minister, Ebba Busch

    Today, on May 16th, Minister for Energy, Business, and Industry and Deputy Prime Minister, Ebba Busch, visited Studsvik to discuss Sweden's future need for a new Swedish national nuclear program to succeed in the green transition.Alongside CEO Camilla Hoflund and Chairman of the Board Jan Bardell, among others, Ebba Busch discussed Sweden's need for more electricity and Studsvik's contribution to the government's Roadmap for New Nuclear Power in Sweden. Studsvik is a location and a business with opportunities to establish a Swedish and international hub for nuclear research and innovation

    Board members’ operational roles come to an end

    As planned, on 30 April Studsvik´s board member Agneta Nestenborg will leave the operational role she has held since November 2023 within the Fuel and Materials Technology business area. On May 1 she will be succeeded by Niklas Lindberg in the role of head of production operations including project deliveries and plant operation. Niklas joins us from his most recent position as senior business developer at Novotech, having worked for most of his career within global corporations and startups. President and CEO Camilla Hoflund remains in the role of Business Area President Fuel and

    Studsvik’s Interim Report for the First Quarter 2024

    · Sales amounted to SEK 209.4 (188.8) million, with an operating profit of SEK 12.0 (9.9) million and an operating margin of 5.8 (5.3) per cent. · During the quarter, business area Scandpower signed a long-term agreement with a US energy company regarding the GARDEL software. · Studsvik has appointed Peter Teske as Chief Financial Officer and member of the Studsvik Executive Management Group. He will start his appointment 29th of April 2024.The Group in summary Q1 Jan-dec 2024 2023 2023Net sales,

    Invitation to conference call, April 25 at 14:00 (CEST)

    Studsvik AB presents its Interim Report for the First Quarter 2024 and hereby invites media and analysts to a conference call held in English on Thursday, April 25 at 14:00 (CEST).Studsvik’s Interim Report for the First Quarter 2024 will be distributed at approximately 12:00 am (CEST), April 25. As of this time, the report will also be available at www.studsvik.com. The call will be held in English, starting 14:00 (CEST). If you wish to participate via webcast please use the link below. Via the webcast you are able to ask written questions. Studsvik Q1 Report 2024 (

    Studsvik appoints new CFO

    Studsvik has appointed Peter Teske as Chief Financial Officer and member of the Studsvik Executive Management Group. He will start his appointment 29[th] of April 2024. Peter comes most recently from a position at Skill Scandinavia as CFO. Prior to that, he held various senior positions in the field of economics and finance in both the private and public sectors. "Studsvik is in a period of focus on growth, efficiency and change. Peter will be a reinforcement to the Group with his experience of both finance and change management in various types of businesses," comments Camilla

    Welcome to the Annual General Meeting of Studsvik AB

    Studsvik AB (publ), corporate identity number 556501-0997, gives notice to attend the Annual General Meeting to be held on Thursday April 25, 2024 at 16.00 at the World Trade Center, Klarabergsviadukten 70/Kungsbron 1 in Stockholm. Registration for the Annual General Meeting starts at 15.00.Registration and notification of attendance Shareholders who wish to participate in the Annual General Meeting must · be registered in the share register kept by Euroclear Sweden AB by Wednesday, April 17, 2024, and · give notification to the company by Friday, April 19, 2024 at the latest.

    Studsvik publishes Annual and Sustainability Report 2023

    Studsvik’s Annual and Sustainability Report for 2023 is now available at www.studsvik.com.Studsvik has also published the Annual Report in Swedish in European Single Electronic Format (ESEF). This information is information that Studsvik AB (publ) is obliged to disclose pursuant to the Securities Market Act. The information was released for public disclosure, through the agency of the contact person below, on March 13, 2024, at 1:30 pm (CET). ___________________________________________ For further information please contact: Niklas Karlsson, CFO, + 46 760 02 10 53

    Studsvik’s Year-end Report for 2023

    · Sales in the fourth quarter amounted to SEK 228.4 (228.6) million and for the full year to SEK 826.0 (814.8) million. · Operating profit in the quarter was SEK 28.6 (33.5) million and for the full year SEK 73.4 (74.9) million. The operating margin was 12.5 (14.7) percent for the quarter and decreased slightly to 8.9 (9.2) per cent for the year. · During the quarter two significant licensing agreements were signed within the Scandpower business area. · The Waste Management Technology business area signed a licensing agreement during the quarter with Dongguk Nuclear Solutions for

    Invitation to conference call, February 8 at 15:00 (CET)

    Studsvik AB presents its Year-end Report for 2023 and hereby invites media and analysts to a conference call held in English on Thursday, February 8 at 15:00 (CET).Studsvik’s Year-end Report 2023 will be distributed at approximately 12:00 am (CET), February 8. As of this time, the report will also be available at www.studsvik.com. The call will be held in English, starting 15:00 (CET). If you wish to participate via webcast please use the link below. Via the webcast you are able to ask written questions. Studsvik Q4 Report 2023 (financialhearings.com) 

    Studsvik strengthens the Executive Management Group

    Carina Nilsson, Head of Sustainability and Compliance, is part of Studsvik's Executive Management Group from 1 January 2024.Carina Nilsson has been employed at Studsvik since August 21, 2023. She has a solid background in business development, operational development and digital transformation from various international operations. Carina has more than 15 years of experience in leading roles, both in the private and public sector. "Carina brings new perspectives to Studsvik based on her experience in digital transformation and operational development, which are important parts of

    Studsvik’s CFO Niklas Karlsson will leave the company during the first half of 2024

    At his own request, Niklas Karlsson will leave Studsvik during the first half of 2024. The process of finding a replacement has started."I would like to thank Niklas for his contributions in Studsvik's Executive Management Group and I wish him all the best in the future", says Camilla Hoflund, President and CEO of Studsvik. For further information please contact: Camilla Hoflund, CEO and President, + 46 155 22 10 66 Facts about Studsvik Studsvik offers a range of advanced technical services to the global nuclear power industry. Studsvik’s focus areas are fuel and materials

    Studsvik signs license agreement with Dongguk Nuclear Solution for the development of waste treatment using inDRUM in South Korea

    Studsvik has signed a Technology License Agreement with Dongguk Nuclear Solution, to provide engineering services to support an establishment of an inDRUM in South Korea for radioactive waste treatment based on Studsvik's efficient technology. This is a long-term agreement, built on performance and milestones.The agreement gives Studsvik an initial license earning of 3 MSEK, followed by milestones giving additional revenues of about 30 MSEK over a period of 3-5 years. The customer has the right to exit the agreement if the milestones cannot be achieved. If inDRUM is successfully established,

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