Sp Group Annual Report 2023

Highlights

• The big pictures
• Slowdown in the economy
• Inventory reductions by customers
• Higher interest expenses 
• In 2023, revenue decreased by 1.9% to DKK 2,606m
• In 2023, revenue from own brands decreased by 12.0% to DKK 620m
• In 2023, EBITDA decreased by 7.8% to DKK 441m
• In 2023, the EBITDA-margin decreased by 1.1 percentage points to 16.9%

Outlook

• The global economy is still fragile and marked by political and economic uncertainty
• No growth in Europe
• Due to inflation, higher interests, volatile energy prices and the war in Ukraine and Gaza our level of activities and cash flows in the coming months are subject to great uncertainty
• At present, we expect to realize:
• revenue growth in the range of 5-15%
• with an EBITDA margin of 16-19%
• an EBT margin of 9-12%