Arla Plast Q1 Report 2024
The reduced demand which we noted at the end of the previous year turned into a positive development during the first quarter, with market volumes increasing compared to the same period last year. The demand in Germany is still generally weak, including demand from applications linked to the construction industry, such as energy solutions. However, we see good demand from several other markets and sectors, especially applications for our high-optical products and niched projects. Our perception is that our market share is stable and unchanged.
Prices of raw materials, which directly affect net sales, have begun to rise, and with expectations of further price increases, several of our customers have chosen to fill-up their inventories. As a result, sales have temporarily increased.
Highlights
- Net sales amounted to SEK 247.8 million (251.0), a decrease by 1%.
- Operating profit amounted to SEK 35.8 million (15.6), an increase by 129%.
- The operating margin increased to 14.4% (6.2).
- Profit for the period amounted to SEK 27.3 million (13.4), an increase by 104%.
- Earnings per share, before dilution, amounted to SEK 1.30 (0,67) and after dilution to SEK 1.30 (0.64).
- Net debt amounted to SEK -106.6 million (59.6) by the end of the period, which corresponds to -0.6 times (0.6) EBITDA.
- Cash flow from operating activities amounted to SEK 27.3 million (20.9).
