Strong order intake, profit development, and reduced net debt
Q3 2023
• Order intake totaled
• Net sales for the second quarter were
• EBITA was
• Earnings per share before and after dilution were
• Cash flow from operating activities was
Nine months in summary
• Order intake totaled
• Net sales for the first quarter were
• EBITA totaled
• Earnings per share before and after dilution were SEK 1.84 (1.20).
• Cash flow from operating activities was
Significant events in the third quarter
• The Annual General Meeting (AGM) approved a dividend to shareholders to be paid in two instalments. The second payment was made during the quarter with
• The subsidiary Zander & Ingeström AB signed an agreement during the quarter for the delivery of electric boilers to Helen Ltd Hanasaari.
• The board of Christian Berner Tech Trade AB established a sustainability committee during the quarter.
Significant events after the end of the reporting period
• There were no significant events after the end of the reporting period.
MESSAGE FROM THE CEO
Another strong quarter of growth and profitability improvements
Third quarter was record strong with an EBITA of SEK 22 million. Accumulated so far this year, the result is
Several of the subsidiaries have delivered impressive results in the quarter. Zander & Ingeström not only delivered very strong results in the quarter but also won several good orders, including the previously announced order for three high-voltage electric boilers to be installed at Helen Ltd Hanasaari,
Through in-house production, during Q3 Bullerbekämparen delivered most of the large order for noise-reducing customized control rooms it won last year, while at the same time replenishing its order books. A working environment free of noise is a matter of course for a responsible employer, and customers are increasingly asking for Bullerbekämparen’s solutions to achieve this. In fact, noise reduction is an important area for several of the Group’s companies. During the quarter, the Christian Berner companies in
We exceeded the Group’s margin target, reaching 9.8 percent EBITA for the quarter
The excellent business in combination with the dedicated work to increase decentralization and streamline operations continues to bear fruit. The group’s EBITA margin increased to 9.8 percent from 8.7 percent in the same period last year and finally above the Group target of at least 9 percent. So far this year, we are now at 7.6 percent compared to 5.9 percent in the same period last year. Sales in the quarter grew by 12 percent and order intake by as much as 33 percent, which means that we will continue to have a strong orderbook in the coming quarters.
We are humbled by the current business climate but, at the same time, we are still experiencing stable demand when viewing the Group as a whole. A large part of our offering addresses societal challenges; such as sustainable energy, clean water, and quiet environments. Thanks to determined efforts, we have an increasingly strong financial situation, which both provides security and makes it easier for us to take advantage of business opportunities that may arise in the future. We continue to strive for a more efficient, entrepreneurial organization that is a good owner for other fine businesses to add to the Group.
Caroline Reuterskiöld
President and CEO, Christian Berner Tech Trade AB
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