Troax Group AB
TROAX
ISIN SE0012729366 / Valor 48373761
Troax Group AB
UMushroom community rating:
About company
Troax Group AB specializes in providing high-quality, metal-based mesh panel solutions for warehouse and industrial walls, including partitioning, cages, mesh shelving, and slide protection. The company is also a key player in the automated warehouse segment, serving a diverse customer base ranging from pallet stacker manufacturers to companies in e-commerce, pharmaceuticals, logistics, data, and server hall construction. With a global presence in over 40 countries, Troax combines local insights with international expertise to deliver customisable solutions for unique storage areas, focusing on safety, reliability, and customer satisfaction. Additionally, Troax supplies storage systems to property owners, housing associations, the construction industry, and professional storage rental companies worldwide.
Summarized from source with an LLMView SourceSector: IndustrialsLatest Results (07.08.2024):
Revenue Decline
Troax Group AB's revenue in the 2023 financial year declined compared to the previous year, primarily due to weaker demand from the automated warehouse sub-segment. The total net sales amounted to EUR 264.3 million, representing a 7 percent decrease from the previous year.
Order Intake
The Group's order intake for 2023 was EUR 258.2 million, which is a 5 percent decrease compared to the previous year. This decline was consistent even after adjusting for currency and acquisitions.
Operating Profit
Troax Group AB reported an operating profit (EBIT) of EUR 50.0 million for 2023, which is an increase of EUR 0.4 million compared to the previous year. The improvement in operating margin was attributed to price increases and the stabilization of material and electricity prices.
After-Tax Earnings
After-tax earnings for Troax Group AB in 2023 amounted to EUR 35.8 million, which is EUR 1.0 million lower than the previous year. The decrease was mainly due to higher interest costs, which were EUR 1.2 million more than in 2022.
Investments
In 2023, Troax Group AB made significant investments amounting to EUR 44.6 million in tangible and intangible fixed assets. These investments were primarily aimed at expanding capacity in production units located in Sweden, Poland, and Italy, as well as acquiring two subsidiaries, Garantell AB and Troaks d.o.o.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
1234 M
Market cap (USD)
30,521
Daily traded volume (Shares)
232 / 221
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
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