Stille AB: Interim Report Q1 2023
Stille AB (publ) publishes the report for the first quarter of the business year 2023. "Good start - strong sales growth and significantly improved operating cashflow", summarizes President and CEO Torbjörn Sköld.
Revenues increased in the first quarter by 17.5 percent to 72.4 (61.6) after strong growth from both business units. "I am satisfied to see such strong growth compared to previous year given that the first quarter last year was a record quarter", comments Torbjörn Sköld.
The gross profit amounted to 42.4 percent (44.8). Business unit Surgical Tables was affected by an unfavorable product and market mix, while Surgical Instruments was positively affected by the same factors. Operating profit, before one-time costs, amounted to 10.4 MSEK (7.6).
"Stille's strategic and financial goals remain. With our high-quality products within surgical instruments and radiolucent surgical tables, we will operate in niche premium segments. 2023 has started well for Stille. We continue to deliver value to our customers, which creates good demand, strong growth and good cashflow", concludes Stille's CEO.
MSEK JAN-MAR JAN-MAR APR-MAR JAN-DEC
2023 2022 2022/2023 2022
Revenue 72.4 61.6 257.1 246.3
Gross Profit Margin, % 42.4 44.8 42.9 45.3
EBITDA, before one-time costs 13.7 9.9 46.0 42.1
EBITDA 10.4 9.8 42.7 42.1
Operating Profit, before one-time costs 10.4 7.6 35.3 32.5
Operating Profit 7.1 7.5 32.0 32.4
Operating Profit, % 9.8 12.2 10.8 13.2
Torshälla, April 27th, 2023.
This information is such information that Stille AB is obliged to disclose according to the EU's market abuse regulation. The information was, through the agency of the contact person, rendered for publication on April 27th, 2023, kl. 08.00 (CET).