Embellence Group Interim Report Q1 2024
A strong start to the year
“We started 2024 by delivering higher sales and improved earnings. The trend was mainly driven by strong growth for Boråstapeter, Wall&decò and Artscape in the US. At the same time, forward-looking initiatives continued in relation to our offering, product development and production.”
Olle Svensk,
CEO, Embellence Group AB
First quarter 2024
- Net sales amounted to MSEK 214.2 (197.5), up 8.5% (exchange rate effect +0.7%)
- EBITA amounted to MSEK 33.6 (27.1), up 24.0%
- Adjusted EBITA* amounted to MSEK 33.6 (27.1), up 24.0%
- Adjusted EBITA* margin amounted to 15.7% (13.7)
- Net profit for the period amounted to MSEK 16.3 (12.9) and earnings per share for the period before dilution to SEK 0.72 (0.57)
- Operating cash flow amounted to MSEK 14.4 (2.2)
Significant events during the quarter
- No significant events to report.
Significant events after the end of the quarter
- No significant events to report.
*EBITA excluding acquisition costs and restructuring costs.