Storskogen Group AB

STOR B

Equity

ISIN SE0016797732 / Valor 113968328

NASDAQ Nordic Exchange Stockholm, Equities (2024-12-23)

SEK 11.33-1.00%

Storskogen Group AB
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About company

Storskogen Group AB, established in 2012, operates as a diversified conglomerate with a strategic focus on acquiring and nurturing businesses across three primary sectors: Trade, Industry, and Services. The group encompasses 129 business units, which are either standalone entities or companies with subsidiaries, spread across 30 countries. These units are organized into 14 distinct verticals, showcasing a broad spectrum of activities. Storskogen distinguishes itself by targeting companies that demonstrate strong profitability, stable cash flows, and a leading position within their respective markets. With a reported sales figure of approximately SEK 36 billion for the last twelve months as of December 31, 2023, the company positions itself as a long-term owner committed to the development and growth of market-leading businesses with sustainable models. Storskogen's approach is tailored towards entities at a juncture where transitioning to new ownership could unlock further potential and secure their operational future, thereby fostering an environment conducive to sustained entrepreneurial success.

Summarized from source with an LLMView SourceSector: Business Services

Net Sales

In the second quarter of 2024, Storskogen Group AB reported net sales of SEK 9,243 million, a slight decrease of 2 percent compared to SEK 9,462 million in the same period of 2023.

Adjusted EBITA

Storskogen Group AB's adjusted EBITA for Q2 2024 was SEK 894 million, down 3 percent from SEK 922 million in Q2 2023. The adjusted EBITA margin remained steady at 9.7 percent.

Operating Profit

Operating profit (EBIT) for Storskogen Group AB in Q2 2024 fell to SEK -268 million, a significant drop from SEK 605 million in Q2 2023. This includes items affecting comparability amounting to SEK -958 million.

Profit for the Quarter

Storskogen Group AB's profit for Q2 2024 decreased to SEK -671 million, compared to SEK 115 million in Q2 2023. This decline includes items affecting comparability of SEK -995 million.

Cash Flow and Divestments

Cash flow from operating activities for Storskogen Group AB in Q2 2024 was SEK 855 million, slightly up from SEK 852 million in Q2 2023. The company completed one divestment with annual sales of SEK 196 million during the quarter.

Summarized from source with an LLMView Source

Key figures

24.2%1Y

-79.3%3Y

%5Y

Performance

58.0%1Y

67.7%3Y

67.1%5Y

Volatility