Studsvik’s Year-end Report for January – December 2012
- Sales for the fourth quarter amounted to SEK 340.2 million (360.7) and in January-December to SEK 1,254.9 (1,200.7), which means a decrease of 4.4 per cent in local currencies during the quarter and an increase of 4.1 per cent for the full year.
- The operating result for the fourth quarter amounted to SEK 21.2 million (52.6) and for January-December to SEK –19.4 million (53.6). The decrease in earnings is mainly attributable to the USA.
- An agreement was signed for treatment of 10 heat exchangers from England in 2013 and 2014, valued at about SEK 150 million.
- An agreement was signed on the sale of the French subsidiary Studsvik SAS.
- Cash flow after investments for the fourth quarter amounted to SEK 24.1 million (45.6) and for the period January-December, to SEK –56.2 million (95.7).
- The Board of Directors proposes that no dividend be distributed in 2013 (SEK 1.00).
- Michael Mononen will take over as President on March 1.
| Oct-Dec2012 | Oct-Dec2011 | Full year2012 | Full year2011 | |
| Sales, SEK million | 340.2 | 360.7 | 1,254.9 | 1,200.7 |
| Operating profit, SEK million | 21.2 | 52.6 | –19.4 | 53.6 |
| Profit after tax, SEK million | 12.5 | 37.7 | –47.8 | 22.7 |
| Cash flow from operating activities, SEK million | 36.8 | 61.2 | –7.3 | 151.1 |
| Cash flow after investments, SEK million | 24.1 | 45.6 | –56.2 | 95.7 |
| Profit per share after tax, SEK | 1.51 | 4.59 | –5.82 | 2.77 |
| Net debt, SEK million | 114.5 | 95.6 | 114.5 | 95.6 |
| Equity per share,SEK | 58.19 | 66.77 | 58.19 | 66.77 |
| Equity/assets ratio, % | 36.3 | 37.7 | 36.3 | 37.7 |
The year-end report will be presented at a telephone conference call according to earlier distributed invitation at 2:30 PM today.
Please read the full year-end 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 waste treatment, decommissioning, engineering & services, and operating efficiency. The company has 60 years experience of nuclear technology and radiological services. Studsvik is a leading supplier on a rapidly expanding market. The business is conducted through five segments: Sweden, United Kingdom, Germany, USA and Global Services. Studsvik has 1,100 employees in
7 countries and the company’s shares are listed on the NASDAQ OMX 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 February 14, 2013 at 01:00 PM CET.
www.studsvik.com