NIMBUS GROUP – FIRST QUARTER REPORT 2023
Nimbus Group AB (publ) increased its sales by 6 percent to MSEK 304 (287) during the first quarter 2023. EBITA amounted to MSEK 7.7 (6.2) and the EBITA margin to 2.5 percent (2.2). “The first quarter 2023 was characterized by a strategic acquisition in the important North American market and continued healthy sales”, says Jan-Erik Lindström, CEO of Nimbus Group.
FIRST QUARTER January–March 2023 | LAST 12 MONTHS |
| Net sales for the first quarter increased 6 percent to MSEK 304.3 (287). | Net sales totaled MSEK 1,769 up 14 percent year-on-year (1,546). |
| Organic growth totaled -2.0 percent. EBITA amounted to MSEK 7.7 (6.2). | Organic growth totaled 11.3 percent. EBITA amounted to MSEK 194.0 (167.0). |
| The EBITA margin was 2.5 percent (2.2). | The EBITA margin was 11 percent (10.8). |
| Operating cash flow amounted to MSEK -121.7 (-106). | Operating cash flow amounted to MSEK -162 (-102). |
| The order book by period-end totaled MSEK 953 (1,241). | Earnings per share amounted to SEK 7.49 (7.01). |
| First quarter 2023 | First quarter 2022 | % | Last 12 months 2022 | Last 12 months 2021 | % | Full year 2022 | |
| Net sales, MSEK | 304.3 | 287.0 | 6 | 1,768.1 | 1,546.1 | 14 | 1,751.2 |
| Operating result, MSEK | 7.6 | 6.1 | 25 | 193.5 | 166.5 | 16 | 192.0 |
| EBITA, MSEK | 7.7 | 6.2 | 25 | 194.0 | 167.0 | 16 | 192.5 |
| EBITA margin, % | 2.5% | 2.2% | 0.3 pe | 11.0% | 10.8% | 0.2 pe | 11.0% |
| Result for the period, MSEK | -0.7 | 3.1 | -121 | 145.8 | 135.8 | 7 | 149.6 |
| Operating cash flow, MSEK | -121.7 | -106.0 | 15 | -162.0 | -102.3 | 58 | -146.3 |
| Earnings per share | -0.03 | 0.16 | -121 | 7.49 | 7.01 | 7 | 7.72 |
Link to the report: https://nimbusgroup.se/en/reports-and-presentations/
Analyst conference call: A webcast telephone conference will be held today at 10:00 a.m. during which President and CEO Jan-Erik Lindström will present the report together with CFO Rasmus Alvemyr. The presentation will be followed by a Q&A session. The presentation will be held in English. Anyone wishing to take part in the telephone conference, please register using the following web link: https://conference.financialhearings.com/teleconference/?id=200704
After registration you will be provided phone numbers and a conference ID to access the conference. You can ask questions verbally via the teleconference.
The presentation and conference can also be followed and listened to via the following link: https://ir.financialhearings.com/nimbus-group-q1-2023/register