Stille AB: Interim Report Q1 2024
Stille AB (publ) today presents the report for the first quarter 2024.
Revenue amounted to 139.7 MSEK (72.4) with Fehling consolidated from January 1st and strong underlying growth from both business units. Total growth amounted to 92.9 percent, and organic growth to 10.0 percent.
“I am pleased to note that our growth remains strong in the first quarter and that the integration of Fehling goes according to plan”, says Torbjörn Sköld and comments on the recent acquisition, “We are very pleased with the deep knowledge, strong customer focus and the energy that our new colleagues are demonstrating to become part of Stille’s growth journey. During the quarter, we have worked and focused on realizing synergies within sales, product offering and R&D.”
The gross profit amounted to 48.6 percent (42.4) and operating profit before one-time costs amounted to 27.0 MSEK (10.4).
”A strong start to 2024 – our products deliver value to our customers which creates strong demand, growth and a good cashflow”, concludes Stille’s CEO.
| MSEK | JAN-MAR 2024 | JAN-MAR 2023 | APR-MAR 2023/2024 | JAN-DEC 2023 |
| Revenue | 139.7 | 72.4 | 362.2 | 294.9 |
| Gross Profit Margin, % | 48.6 | 42.4 | 51.0 | 44.8 |
| EBITDA, before one-time costs | 33.7 | 13.7 | 69.2 | 62.6 |
| EBITDA, before one-time costs, % | 24.1 | 19.0 | 22.8 | 21.2 |
| EBITDA | 17.0 | 10.4 | 65.9 | 59.3 |
| Operating Profit, before one-time costs | 27.0 | 10.4 | 51.4 | 48.3 |
| Operating Profit, before one-time costs, % | 19.3 | 14.4 | 17.9 | 16.4 |
| Operating Profit | 10.3 | 7.1 | 48.1 | 45.0 |
| Operating Profit, % | 7.4 | 9.8 | 12.8 | 15.2 |
Torshälla, April 25th, 2024.