Q3 2023 Jan - Sept 2023
3rd Quarter: Jul – Sep 2023
- Revenue amounted to 29.4 MSEK (37.7), a decrease of 22% from the corresponding period in 2022
- Gross Profit amounted to 14.9 MSEK (22.2), a decrease of 33% from the corresponding period in 2022
- Operating costs amounted to 14.6 MSEK (20.5), a reduction of 29% from the corresponding period last year
- A positive EBITDA result of 0.4 MSEK (1.7)
- Net Profit after tax for the period was -3.5 MSEK (-2.1)
Year: Jan – Sep 2023
- Revenue amounted to 94.8 MSEK (110.9), a decrease of 14% from the same period in 2022
- Gross Profit amounted to 45.1 MSEK (64.5), a decrease of 30% from the same period in 2022
- Operating costs amounted to 53.0 MSEK (59.3), a reduction of 11% from the corresponding period in 2022
- An EBITDA result of -7.9 MSEK (5.2)
- Net Profit after tax for the period was -20.1 MSEK (-4.6)
Additional Highlights
- 4.3 MSEK (annualised) of new business announced on 2023-07-06
- A further 6.4 MSEK (annualised) of new business signed during the remainder of Q3
- Restructuring to result in cost savings of approximately 18.5 MSEK annually. The company’s savings have exceeded expectations with 6 MSEK in Q3 and a further 3.7 MSEK expected in Q4 2023
