Stille AB: Year-End Report 2022
Stille AB (publ) publishes the year-end report for 2022. "Solid growth and strong profit deveopment.", summarizes Niklas Carlén, Stille's interim CEO.
Revenues increased in the fourth quarter by four percent to 61.8 (59.6) and EBIT increased by 60 percent to 8.8 MSEK (5.5). Profitability was positively affected by currency effects. For the full year 2022, sales grew by 76 percent, out of which 16 percent in organic growth. Operating profit increased to 32.4 MSEK (20.1).
In the fourth quarter, business unit Surgical Table sales declined by four percent following significant component shortages. Meanwhile, Surgical Instruments increased sales by ten percent after a strong performance in Europe.
"When we summarize the year 2022, I can conclude that we have had strong organic growth within both our business units. Nine percent for Surgical Instruments and 18 percent for Surgical Tables.", says Niklas Carlén.
The board of directors proposes to the annual general meeting dividend of 1.80 SEK per share (1,00) for the business year 2022.
"We are continuing our growth journey and I look forward to continuing this in 2023 together with Torbjörn Sköld, who will be Stille's new CEO starting in March, 2023.", concludes Stille's interim CEO.
MSEK OCT-DEC OCT-DEC JAN-DEC JAN-DEC
2022 2021 2022 2021
Revenue 61.8 59.6 246.3 187.1
Gross Profit Margin, % 45.8 45.4 45.3 44.6
Operating Profit 8.8 5.5 32.4 20.1
Operating Profit, % 14.2 9.2 13.2 10.7
EBITDA 11.6 7.6 42.1 26.8
Net Income 7.7 5.9 27.3 16.1
Torshälla, February 17th, 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 February 17th, 2023, kl. 08.00 (CET).