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Regulatory press release

Volati Interim report January–March 2023

Volati
Download the release

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.

For further information, please contact:
Andreas Stenbäck, CEO Volati AB, +46 70-889 09 60, andreas.stenback@volati.se
Martin Aronsson, CFO Volati AB, +46 70-741 20 12, martin.aronsson@volati.se

This information is information that Volati AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2023-04-25 07:45 CEST.

About Volati
Volati is a Swedish industrial group with the vision to be regarded as Sweden’s best owner of medium-sized companies. Through value-adding add-on acquisitions and sustainable business development, Volati has delivered strong growth and persistent profitability since the start in 2003. The Group consists of the business areas Salix Group, Ettiketto Group and Industry with operations in 21 countries, approximately 1,900 employees and annual sales of approximately SEK 8.0 billion. Volati’s ordinary shares and preference shares are listed on Nasdaq Stockholm. Further information is available at www.volati.se.

Attachments
Volati Interim report Q1

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