SUMMARY OF INTERIM PERIOD, JANUARY–MARCH 2024
- Net sales SEK 716 million (613), an increase of 17%
- Recurring revenues SEK 616 million (509), an increase of 21%
- EBITA
SEK 220 million (185), an increase of 19% - EBITA margin 31% (30)
- Operating profit
SEK 153 million (123), an increase of 25% - Operating margin 21% (20)
- Earnings per share before dilution
SEK 2.28 (2.07) - Cash flow from operating activities
SEK 694 million (489) - Acquisition of LDC
Strong cash flow and increased margins
As 2024 unfolds, the market landscape that concluded last year remains the same: an interim phase that has neither improved nor worsened. At the same time, we continue to show solid organic growth of 10% for our subscription-based recurring revenues, adjusted for currency effects. The majority of this year’s price adjustments were carried out in the first quarter, in accordance with our customer agreements, and largely follow the general price trend in each market.
The first quarter is traditionally our strongest in terms of cash flow and this year is no exception. Most of our subscription-based recurring revenues are billed in advance, providing us with a stable financial position and the conditions to take a long-term approach to our investment decisions. Revenues for the first quarter total
Culture and values are the glue that holds a growing Group like ours to- gether, providing the conditions for growth, development and innovation. In the short-term, the Annual General Meeting on
In January, we welcomed Dutch LDC to the Group. This market-leading company has a platform for coaches and candidates in career and human resource management, reintegration, training and retraining. The products support labor market mobility through training, career coaching and matching candidates to available positions. We continue to look for new companies to add to our growing Group. Based on our criteria, we are able to maintain an agnostic view on vertical or geography for example, while remaining flexible in our setup to generate trust among entrepreneurs and deliver long-term value-creation for shareholders.
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