Systemair AB

Latest Results (23.05.2024):

Revenue Overview

In the third quarter of the fiscal year 2023/24, Systemair AB reported a decrease in net sales by 7.1 percent, totaling SEK 2,827 million compared to SEK 3,043 million in the same quarter of the previous year. Despite this decline, the company achieved a slight organic growth of 0.1 percent.

Profitability Metrics

Systemair AB's adjusted operating profit for Q3 2023/24 was SEK 198 million, down from SEK 277 million in the corresponding quarter of the previous year. The adjusted operating margin also decreased to 7.0 percent from 9.1 percent. The operating profit, including restructuring costs, was SEK 73 million with a margin of 2.6 percent.

Annual Performance

Looking at the nine-month period from May 2023 to January 2024, Systemair AB's net sales increased by 2.9 percent to SEK 9,188 million from SEK 8,929 million. The company maintained a robust adjusted operating profit of SEK 858 million compared to SEK 837 million in the previous year, demonstrating resilience in its operational efficiency.

Cash Flow and Earnings

Systemair AB experienced a strong cash flow from operating activities in Q3 2023/24, amounting to SEK 403 million, an improvement from SEK 279 million in the same quarter last year. However, the company recorded a loss after tax of SEK 24 million, a significant drop from a profit of SEK 170 million in the prior year's quarter.

Outlook and Future Plans

Despite the challenging economic environment, Systemair AB remains optimistic about its future prospects. The company continues to focus on energy-efficient solutions and expects to see increased demand as market conditions improve. With strategic investments and a strong balance sheet, Systemair AB is well-positioned for sustainable long-term growth.