• Net revenue increased by 10% to MSEK 2,253 (2,045).
• Operating profit (EBITA) increased by 8% to MSEK 386 (357), where the EBITA margin was 17.1% (17.5).
• Profit after financial items (EBT) increased by 9% to MSEK 302 (277).
• Cash flow from operating activities amounted to MSEK 235 (286).
• Profit after taxes increased by 6% to MSEK 222 (209).
• Return on equity amounted to 26% (28) and the equity ratio was 36% (38).
• Earnings per share for the latest 12-month period increased to SEK 4.32 (SEK 4.25 for the 2023/24 financial year).
• After the end of the period, two acquisitions were completed with total annual revenue of approximately MSEK 280. Accordingly, during the latest 12-month period, since 1 July 2023, an annual business volume of approximately MSEK 1,175 has been added through acquisitions. 
• The Board of Directors proposes an increased dividend of SEK 1.90 (1.60) per share. The Annual General Meeting is planned to be held on 26 August 2024 at 4.00 p.m. at IVA's Conference Centre in Stockholm.

CEO COMMENT

"A good start to the year with positive contributions from acquisitions"

The first quarter (April - June 2024) was a good start to the new financial year. The overall market situation remained stable for most of our businesses, where the previously somewhat sluggish organic growth was offset by good profit contributions from acquisitions. Overall, profit after net financial items increased by 9%, to a new record level for a single quarter of MSEK 302 (277). Operating margin (EBITA) amounted to a strong 17.1%. In addition, the cash flow was at a good level and we still see an attractive acquisition market. 
 

Stockholm, 18 July 2024

Lagercrantz Group AB (publ)

This information is information that Lagercrantz Group AB (publ) is obligated to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication on 18 July 2024 at 07:40 CET.