Studsvik’s Interim Report for the Third Quarter 2023
- The operating profit for the Group was SEK 22.9 million compared with SEK 26.1 million in the previous year.
- High capacity utilization in Decommissioning and Radiation Protection Services.
- During the quarter the Waste Management Technology business area signed a strategic agreement with GNS in Germany for treatment of waste.
- Sale of an area of land on the Studsvik site was completed in the quarter with an impact on earnings of SEK 5.0 million.
- Studsvik has entered into a cooperation agreement with Kärnfull Next to carry out a feasibility study aimed at investigating the possibility of establishing SMRs on the Studsvik site.
| Quarter | 9 months | Full year | |||
| Q3 2023 | Q3 2022 | 2023 | 2022 | 2022 | |
| Sales, SEK million | 195.2 | 195.3 | 597.6 | 586.2 | 814.8 |
| Operating profit, SEK million | 22.9 | 26.1 | 44.8 | 41.3 | 74.9 |
| Operating margin, % | 11.7 | 13.4 | 7.5 | 7.0 | 9.2 |
| Profit after tax, SEK million | 15.9 | 22.6 | 30.1 | 25.9 | 47.9 |
| Free cash flow, SEK million | –23.4 | –6.6 | 12.0 | –80.6 | –17.6 |
| Net debt, SEK million | –9.6 | 38.0 | –9.6 | 38.0 | –18.9 |
| Net debt/equity ratio, % | –2.1 | 8.9 | –2.1 | 8.9 | –4.3 |
| Profit per share after tax, SEK | 1.93 | 2.75 | 3.67 | 3.15 | 5.82 |
| Equity per share, SEK | 54.49 | 51.65 | 54.49 | 51.65 | 53.05 |
The Interim Report will be presented at a telephone conference call according to separately distributed invitation at 12:00 (CET) today.
Please find the full interim report in the attached file.
For further information, please contact:
Niklas Karlsson, Chief Financial Officer, tel +46 (0)76 002 10 53
Facts about Studsvik
Studsvik offers a range of advanced technical services to the global nuclear power industry. Studsvik’s business focus areas are fuel and materials technology, reactor analysis software, decontamination and radiation protection as well as technical platforms for handling, conditioning and volume reduction of radioactive waste. The company has more than 75 years’ experience of nuclear technology and radiological services. Studsvik has 520 employees in 7 countries and the company’s shares are listed on Nasdaq Stockholm.
This information is information that Studsvik AB (publ) is obliged to disclose pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was released for public disclosure, through the agency of the contact person above, on October 20, 2023, at 10:15 am (CET).
www.studsvik.com
