Year-end report 2023
“We are not satisfied with the margin in the fourth quarter, but we are pleased with the strong cash flow we achieved in a complex and difficult year. For the full year, our net sales increased by 5 percent to SEK 36.0 billion (34.3), and our adjusted EBITA by 3 percent to SEK 3.2 billion (3.1). The margin for 2023 was 9.0 percent (9.2), despite a weak fourth quarter. Our operating cash flow improved by SEK 1,733 million to a total of SEK 3,361 million (1,628), which enabled us to reduce total interest-bearing debt by SEK 2,759 million during the year. Our ambition to reduce debt and protect margins and market shares remains, to gradually increase focus on organic growth initiatives”, says Daniel Kaplan, CEO of Storskogen.
Read the Year-end report (PDF)