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Studsvik

Studsvik

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Studsvik AB: Studsvik's Interim Report for the First Quarter 2024

12:00 / 25 April 2024 Studsvik Press release

  • Sales amounted to SEK 209.4 (188.8) million, with an operating profit of SEK 12.0 (9.9) million and an operating margin of 5.8 (5.3) per cent.
  • During the quarter, business area Scandpower signed a long-term agreement with a US energy company regarding the GARDEL software.
  • Studsvik has appointed Peter Teske as Chief Financial Officer and member of the Studsvik Executive Management Group. He will start his appointment 29th of April 2024.

The Group in summary

Q1 Jan-dec
2024 2023 2023
Net sales, SEK million 209.4 188.8 826.0
Operating profit, EK million 12.0 9.9 73.4
Operating margin, % 5.8 5.3 8.9
Profit after tax, SEK million 8.5 9.2 48.6
Free cash flow, SEK million -18.6 1.6 51.4
Net debt, SEK million 48.3 -19.2 31.0
Net debt/equity ratio, % 11.7 -4.3 8.0
Profit per share after tax, SEK 1.03 1.12 5.91
Equity per share, SEK 50.32 54.18 47.36

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

Please find 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 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 April 25, 2024, at 12:00 am (CEST).

www.studsvik.com

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