Sdiptech AB

Latest Results (20.08.2024):

Revenue Growth

Sdiptech AB reported a significant increase in revenue for the first quarter of 2024. The company achieved an organic sales growth of 10 percent, excluding currency effects. Including acquisitions, the total sales increase was 24 percent, reflecting strong demand and strategic expansion.

Profit and Earnings

For Q1 2024, Sdiptech AB's profit after tax rose to SEK 107 million, up from SEK 96 million in the same period last year. Earnings per ordinary share increased by 12 percent to SEK 2.71, compared to SEK 2.43 in the previous year, demonstrating solid profitability despite economic challenges.

Cash Flow

Sdiptech AB generated a robust cash flow from operating activities amounting to SEK 167 million in the first quarter of 2024, compared to SEK 98 million in the same period last year. This corresponds to a cash conversion rate of 72 percent, up from 45 percent, indicating improved operational efficiency.

Debt Leverage

The company's financial net debt, including lease liabilities, in relation to adjusted EBITDA was reduced to 2.17 from 2.47. Despite a short-term increase due to acquisitions, Sdiptech AB is effectively managing its debt leverage ratio, which now stands at 3.32 including provisions for future earn-outs, down from 3.89.

Acquisitions

During Q1 2024, Sdiptech AB completed the acquisition of JR Industries Ltd in the UK, a leading manufacturer of roller shutter doors for commercial vehicles. Additionally, in April 2024, the company acquired WaterTech of Sweden AB, enhancing its capabilities in industrial water treatment. These acquisitions are expected to strengthen Sdiptech's market position and drive future growth.