Storskogen Group AB (FRA:0VK)
€ 1.0205 -0.002 (-0.2%) Market Cap: 1.72 Bil Enterprise Value: 2.66 Bil PE Ratio: 0 PB Ratio: 1.01 GF Score: 59/100
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Q4 2023 Storskogen Group AB (publ) Earnings Call Transcript

Feb 15, 2024 / 08:00AM GMT
Release Date Price: €0.602 (-6.17%)
Daniel Kaplan Storskogen Group AB;publ;CEO

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Hi, and welcome everybody to Storskogen's presentation of the fourth quarter in 2023. My name is Daniel Kaplan, I'm the CEO and together with me, I have our CFO, Lena Glader. So let's jump straight into it. The highlights starting with the quarter, SEK9 billion in sales, SEK706 million in EBITDA, and an EBITDA margin of 7.8%.

Reasonably happy with sales. The decline is mostly attributable to divestments. The EBITDA margin, however, particularly happy with facing some margin contraction in trade with weak Christmas sales, weak end consumer demand.

And in services, we also saw both some cold (inaudible) which makes it cumbersome for our infrastructure companies to deliver. But also a weak sentiment in the new construction related segments. So not super happy with the fourth quarter in that respect.

But we are happy with is, of course, the cash flow in the quarter, super strong almost SEK1.5 billion quite extraordinary, we're very happy with that. And we currently have an LTM adjusted cash conversion now far

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