Bufab AB

Latest Results (14.08.2024):

Fourth Quarter Net Sales

In the fourth quarter of 2023, Bufab AB reported a decline in net sales by 6 percent, amounting to SEK 1,943 million compared to SEK 2,074 million in the same period the previous year. Organic growth was negative at -9 percent, although order intake was somewhat higher than net sales.

Operating Profit and Margin

Bufab AB's adjusted operating profit (EBITA) for the fourth quarter of 2023 was SEK 229 million, down from SEK 239 million in the same quarter of 2022. This corresponds to an operating margin of 11.8 percent, slightly up from 11.5 percent in the previous year. The actual operating profit (EBITA) was SEK 181 million, with an operating margin of 9.3 percent.

Earnings Per Share

For the fourth quarter of 2023, Bufab AB saw a significant decrease in earnings per share, which fell by 48 percent to SEK 1.87 from SEK 3.58 in the same period the previous year. This decline reflects the overall lower profitability in the quarter.

Operating Cash Flow

Bufab AB's operating cash flow for the fourth quarter of 2023 improved significantly, reaching SEK 359 million compared to SEK 138 million in the same quarter of 2022. This corresponds to a cash conversion ratio of 188 percent, up from 54 percent the previous year.

Full-Year Financial Highlights

For the full year of 2023, Bufab AB reported a 3 percent increase in net sales, totaling SEK 8,680 million compared to SEK 8,431 million in 2022. The adjusted operating profit (EBITA) was SEK 1,121 million, with an operating margin of 12.9 percent. The Board of Directors has proposed a dividend of SEK 5.00 per share, up from SEK 4.75 the previous year.