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Studsvik AB: Studsvik's Interim Report for the Second Quarter 2021

11:30 / 21 July 2021 Studsvik Press release

Highlights in the quarter
  • Sales during the quarter increased by 24 per cent in local currencies and the operating profit improved to SEK 17.3 (9.6) million, mainly due to a strong performance in Decommissioning and Radiation Protection Services.

  • Major strategically important contracts were signed during the quarter. Decommissioning and Radiation Protection Services signed a three-year agreement totaling SEK 135 million for decommissioning services and Fuel and Materials Technology signed a five-year agreement for an international program totaling SEK 110 million.

Quarter 6 months Full year
Q2 2021 Q2 2020 2021 2020 2020
Sales, SEK million 201.2 167.8 364.0 320.7 721.9
Operating profit, SEK million 17.3 9.6 25.3 13.1 46.0
Operating margin, % 8.6 5.7 7.0 4.1 6.4
Profit after tax, SEK million 13.0 8.2 15.3 7.7 35.2
Free cash flow, SEK million -16.9 11.0 -7.0 35.1 64.9
Net debt, SEK million 34.6 50.2 34.6 50.2 24.8
Net debt/equity ratio, % 10.6 16.2 10.6 16.2 7.9
Profit per share after tax, SEK 1.58 1.00 1.86 0.94 4.28
Equity per share, SEK 39.85 37.78 39.85 37.78 38.13

The Interim Report will be presented at a telephone conference call according to separately distributed invitation at 2:00 PM CET today.

Please read the full interim report in the attached file.

For further information, please contact:

Camilla Hoflund, CEO, +46 760 02 10 66

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 510 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 July 21, 2021, at 11:30 am (CET).

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