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Studsvik’s Interim Report for the First Quarter 2022

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  • Sales in the first quarter increased by 13 per cent in local currencies, to SEK 187.8 (162.8) million, with an operating profit of SEK 7.0 (8.9) million and an operating margin of 3.7 (4.9) per cent.
  • In Decommissioning and Radiation Protection Services the pandemic and an altered mix of services had an adverse impact on earnings, compared with the first quarter last year.
  • Fuel and Materials Technology reported a strong start to the year. At the end of the quarter, business with the Russian customer TVEL was put on hold.

Quarter Full year
Q1 2022 Q1 2021 2021
Sales, SEK million 187.8 162.8 798.3
Operating profit, SEK million 7.0 8.0 85.8
Operating margin, % 3.7 4.9 10.7
Profit after tax, SEK million 0.2 2.3 63.2
Free cash flow, SEK million –40.4 9.9 71.4
Net debt, SEK million –10.3 17.5 –44.9
Net debt/equity ratio, % –2.6 5.3 –11.6
Profit per share after tax, SEK 0.02 0.28 7.69
Equity per share, SEK 47.78 39.97 47.12

The Interim Report will be presented at a telephone conference call according to separately distributed invitation at 14:00 pm (cest) today.

Please read the full interim report in the attached file.

For further information, please contact:

Niklas Karlsson, Chief Financial Officer, tel +46 (0)76 002 10 53

Facts about Studsvik

Studsvik offers a range of advanced technical services to the global nuclear power industry. Studsvik’s business focus areas are fuel and materials technology, reactor analysis software, decontamination and radiation protection as well as technical platforms for handling, conditioning and volume reduction of radioactive waste. The company has more than 70 years’ experience of nuclear technology and radiological services. Studsvik has 520 employees in 7 countries and the company’s shares are listed on Nasdaq Stockholm.

This information is information that Studsvik AB (publ) is obliged to disclose pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was released for public disclosure, through the agency of the contact person above, on April 26, 2022, at 12:00 am (CEST).

www.studsvik.com

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