Studsvik’s Interim Report for the Third Quarter 2022
- Sales in the quarter increased by 3 per cent in local currencies, to SEK 195.3 (181.8) million, with an operating profit of SEK 26.1 (21.9) million and an operating margin of 13.4 (12.1) per cent.
- Increased sales of licenses for the Scandpower business area.
- Fuel and Materials Technology established a long-term partnership with a German customer to study spent nuclear fuel. The first orders amount to SEK 40 million and will be carried out in 2022 and 2023.
- Studsvik has exercised its option to acquire all shares from the minority shareholder in Scandpower. The price of the shares will be determined in arbitration proceedings.
| Quarter | 9 months | Full year | |||
| Q3 2022 | Q3 2021 | 2022 | 2021 | 2021 | |
| Sales, SEK million | 195.3 | 181.8 | 586.2 | 545.8 | 798.3 |
| Operating profit, SEK million | 26.1 | 21.9 | 41.3 | 47.3 | 85.8 |
| Operating margin, % | 13.4 | 12.1 | 7.0 | 8.7 | 10.7 |
| Profit after tax, SEK million | 22.6 | 14.7 | 25.9 | 30.2 | 63.2 |
| Free cash flow, SEK million | –6.6 | 43.5 | –80.6 | 36.5 | 71.4 |
| Net debt, SEK million | 38.0 | –7.5 | 38.0 | –7.5 | –44.9 |
| Net debt/equity ratio, % | 8.9 | –2.2 | 8.9 | –2.2 | –11.6 |
| Profit per share after tax, SEK | 2.75 | 1.79 | 3.15 | 3.67 | 7.69 |
| Equity per share, SEK | 51.65 | 42.33 | 51.65 | 42.33 | 47.12 |
The Interim Report will be presented at a telephone conference call according to separately distributed invitation at 14:30 (CET) 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 October 20, 2022, at 12:00 am (CET).
www.studsvik.com