64 % |
The strong development that the group |
However , the group continued to gain |
|
experienced in 2022 also continued into |
market share . On July 1 , 2023 , New Wave |
36 % |
2023 |
the first quarter of 2023 . All segments increased their net sales , but the main |
Group AB acquired 100 % of the shares in the Swedish outdoor company Tenson |
increase was in Corporate and Sport |
AB . The operating margin amounted |
||
& Leisure . We accelerated the pace of |
to 16.3 ( 17.8 ) %, which was the second |
||
product development , marketing etc . in |
highest operating margin the group had |
||
Net sales per sales channel
Promo
Retail
|
most countries . The market was weaker in the second quarter than we previously estimated , however net sales continued to increase . The Corporate segment had growth , while Sports & Leisure and Gifts |
for this quarter . The fourth quarter had a weaker market but was in line with our expectations . Net sales decreased slightly compared to the previous year and most of our regions decreased . |
|
& Home Furnishings declined . The group |
Only Central Europe had growth . The |
||
gained market share in a weaker market . |
segments Corporate and Gifts & Home |
||
Dividend
# The Board of Directors proposes that the AGM decide on a dividend of SEK 3.50 per share , divided into two payment occations of SEK 1.75 per share each .
|
During the second quarter , the group began successful efforts to improve cash flow resulting in an improvement in operations . The cash flow from current operations improved by SEK 162.0 million and amounted to SEK 230.1 ( 68.1 ) million . The third quarter of the |
Furnishings finished the same levels as last year , while Sport & Leisure posted a decline in net sales . The operating margin remained strong and amounted to 19.0 ( 19.4 ) % in the quarter .
During 2023 , Corporate increased by 15 % of which acquired operations had a
|
|
year had a challenging market with price |
positive impact of 11 %. The segment had |
||
reductions on a number of basic goods . |
solid development during the first half |
# Net sales amounted to SEK 9,512 . 9 million , which was 8 % higher than last year ( SEK 8,843.6 million ). Currency changes affected net sales positively by 4 % and acquired business by 6 %. |
# Operating result amounted to SEK 1,577.2 ( 1,505.1 ) million .
# Result for the period amounted to SEK 1,119 . 0 ( 1,168.8 ) million .
|
# Earnings per share amounted to SEK 8.43 ( 8.81 ).*
# Cash flow from operating activities amounted to SEK 963.8 ( -360.0 ) million .
|
# Equity ratio amounted to 60.2 ( 53.8 )%.
# Net debt to equity ratio amounted to 31.4 ( 39.5 )%
|