Q3 2023 Stillfront Group AB (publ) Earnings Call Transcript
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Thank you very much, and welcome to Stillfront's Q3 Presentation 2023. We had a weak development and a disappointing development on the topline during this quarter. We had a 7% total decline year-over-year, and that was mainly due to a one-off event where we had a hit of SEK 80 million on topline and SEK 50 million on adjusted EBITDAC related to a one-off event, which I will elaborate on later in this call.
However, the margins are maintained at a high level. So the adjusted EBITDAC declined 1% year-over-year, despite the fact that our topline and the hit that I mentioned and our adjusted EBITDAC margin up from 23% to 25% year-over-year, and our free cash flow amounted to SEK 941 million for the last 12 months. You can see on the right side how our revenues were distributed in the quarter.
So the main difference is that we see Asia going down relatively, which is again an effect of the previous
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