Studsvik’s Interim Report for January – March 2016
- In April an agreement was made with EDF on the sale of the Waste Treatment business area. The transaction will generate a positive cash flow of about SEK 225 million and give a net result of about SEK 115 million and is expected to take place in the third quarter. The sale will give Studsvik more scope to focus on growth in Fuel and Materials Technology and Consultancy Services.
- Sales in the quarter increased to SEK 171.6 (156.8) million. In local currencies sales increased by 10.6 per cent.
- Operating profit improved to SEK 10.7 (–1.7) million.
- The free cash flow was SEK –2.2 (–4.8) million.
| Jan-March 2016 |
Jan-March 2015 |
Full year2015 | |
| Sales, SEK million | 171.6 | 156.8 | 721.2 |
| Operating profit, SEK million | 10.7 | –1.7 | 36.6 |
| Profit after tax, SEK million | 5.9 | –2.4 | 14.6 |
| Free cash flow, SEK million* | –2.2 | –4.8 | –29.8 |
| Net debt, SEK million* | 137.8 | 107.0 | 134.3 |
| Net debt/equity ratio, %* | 48.3 | 37.2 | 45.0 |
| Profit per share after tax, SEK | 0.72 | –0.29 | 1.78 |
| Equity per share, SEK* | 34.72 | 34.98 | 36.30 |
| *Refers to total operations |
The interim report will be presented at a telephone conference call according to separate distributed invitation at 2:30 PM today.
Please read the full interim report in the attached file.
Facts about Studsvik
Studsvik offers a range of advanced technical services to the international nuclear power industry in such areas as consultancy services and fuel and materials technology. The company has over 65 years’ experience of nuclear technology and radiological services. Studsvik has 700 employees in 7 countries and the company’s shares are listed on the Nasdaq Stockholm.
Studsvik is publishing this information pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. The Information was released for public disclosure on April 25, 2016 at 01:00 PM CET.
www.studsvik.com