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Volati Year-end report January–December 2022

Volati
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Continued growth and a good starting position for 2023
We bring the year 2022 to a close with a good growth rate and a 12-percent increase in both sales and EBITA for the fourth quarter. The positive growth is mainly attributable to our Ettiketto Group and Industry business areas, which continue to perform strongly, but we also see positive contributions from acquisitions. Our six add-on acquisitions during the year bring additional annual sales of over SEK 800 million. The Board recommends an increased dividend of SEK 1.80 per ordinary share for 2022.

Andreas Stenbäck, President and CEO

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

Quarter Oct–Dec 2022

  • Net sales increased by 12 percent to SEK 1,930 (1,722) million
  • EBITA increased by 12 percent to SEK 179 (159) million
  • Profit after tax increased to SEK 105 (104) million
  • Earnings per ordinary share increased by 3 percent to SEK 1.08 (1.05)
  • On 17 November, an agreement was signed to acquire the operations of the painting tool wholesaler Embo Import AB for the Salix Group business area

Period Jan–Dec 2022

  • Net sales increased by 23 percent to SEK 7,751 (6,309) million
  • EBITA increased by 7 percent to SEK 710 (664) million
  • Profit after tax declined by 2 percent to SEK 433 (442) million
  • Earnings per ordinary share for continuing operations increased to SEK 4.44 (4.42)
  • Earnings per ordinary share fell by 18 percent to SEK 4.44 (5.42*)
  • The Board proposes a dividend of SEK 1.80 (1.70) per ordinary share and SEK 40.00 per preference share in quarterly payments of SEK 10.

*) Key figure includes discontinued operations.

Events after the reporting period

  • No significant events have taken place after the end of the reporting period.

Conference call
CEO Andreas Stenbäck and CFO Martin Aronsson will present the interim report in a conference call 10 February at 09.00 CET. The presentation will be conducted in Swedish.
 
The conference call can be accessed at: https://conference.financialhearings.com/teleconference/?id=5001014

For a webcast of the conference call, go to: https://ir.financialhearings.com/volati-q4-2022

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 2023-02-10 07:45 CET.

About Volati
Volati is a Swedish industrial group, founded in 2003, consisting of the business areas Salix Group, Ettiketto Group and Industry. Volati mainly acquires companies with proven business models, leading market positions and strong cash flows at reasonable valuations and develops them with a focus on long-term value creation. The strategy is to build on the companies’ identity and entrepreneurial spirit, adding leadership, expertise, processes and financial resources. Volati has operations in 22 countries, approximately 1,900 employees and annual sales of just over SEK 7.8 billion. Volati’s ordinary shares and preference shares are listed on Nasdaq Stockholm. Further information is available at www.volati.se.

Attachments
20230210 Volati Q4 Rapport 2022 ENG

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