Good growth and increased profitability
We are very pleased to report continuing good growth and a very strong first quarter of 2023. Sales for the quarter increased by 13 percent, while EBITA increased by 55 percent. We also see strong growth in earnings per ordinary share, which increased by 63 percent. Efforts to reduce tied-up capital have improved operating cash flow by SEK 275 million compared with the same period the previous year. All three business areas are in good shape, and following the strategic shift towards building strong platforms and value-creating add-on acquisitions in recent years, we are in an excellent position to continue growing through acquisitions.

Andreas Stenbäck, President and CEO

For the full CEO-comment, see the Interim report in its entirety.

Quarter Jan–Mar 2023

• Net sales increased by 13 percent to SEK 1,890 (1,665) million
• EBITA increased by 55 percent to SEK 159 (102) million
• Profit after tax increased by 37 percent to SEK 74 (54) million
• Earnings per ordinary share increased by 63 percent to SEK 0.69 (0.42)
• The acquisition of UK grain handling equipment distributor JW Installations Ltd (JWI) for Tornum Group in the Industry business area was completed on 28 March

Events after the reporting period

• A new credit facility totalling SEK 2,900 million has been agreed with Nordea and SEB

Conference call
CEO Andreas Stenbäck and CFO Martin Aronsson will present the interim report in a conference call 25 April at 09.00 CEST. The presentation will be conducted in English.
 
Telephone number to participate in the conference call: +46 8 5050 0829 (then dial meeting ID: 890 3832 5679). To ask questions to the CEO/CFO, please press #9 on your phone. To withdraw the question, you can do so by pressing #9.

Link to the webcast: https://www.finwire.tv/webcast/volati/q1-2023/

The presentation and webcast will be available on www.volati.se after the conference call.