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 | |||
| 2024 | 2023 | 2024 | 2023 | 2023 | |
| Net sales. SEK million | 200.8 | 195.2 | 645.8 | 597.6 | 826.0 |
| Operating profit. SEK million | -0.5 | 22.9 | 25.2 | 44.8 | 73.4 |
| Operating margin. % | -0.3 | 11.7 | 3.9 | 7.5 | 8.9 |
| Profit after tax. SEK million | -7.2 | 15.9 | 10.9 | 30.1 | 48.6 |
| Free cash flow. SEK million | -18.4 | -23.4 | -59.3 | 12.0 | 51.4 |
| Net debt. SEK million | 112.5 | -9.6 | 112.5 | -9.6 | 31.0 |
| Net debt/equity ratio. % | 28.9 | -2.1 | 28.9 | -2.1 | 8.0 |
| Profit per share after tax. SEK | -0.87 | 1.93 | 1.32 | 3.67 | 5.91 |
| Equity per share. SEK | 47.35 | 54.49 | 47.35 | 54.49 | 47.36 |
The Interim Report will be presented at a telephone conference call according to separately distributed invitation at 16:00 (CEST) today.
Please find the full interim report in the attached file.
For further information. please contact:
Peter Teske. Chief Financial Officer. tel +46 (0)76 496 60 41
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 75 years’ experience of nuclear technology and radiological services. Studsvik has 530 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 23. 2024. at 08:30 am (CEST).
www.studsvik.com