”Once again Prevas reports a strong quarter in a market that presents both challenges and opportunities. During the quarter we intensified our market proximity and navigated the changing demands by growing with customers in the growth segments.”
Turnover amounted to 311.4 MSEK (283.4) in the third quarter, representing growth of 10.0 percent. Approximately 45 percent of the turnover growth was organic. The profit for the third quarter was also strong despite a slightly lower utilization than previous years. The background is that we increased customer value in our deliveries, balanced our recruitment and had good cost control. The EBITA results amounted to 31.0 MSEK (33.2) with an EBITA margin of 10.0 percent (11.7). Note that considering that this year’s quarter is one working day shorter (65 compared to 66) we increased EBITA profits. Cash flow from current operations remained strong and more than doubled to 50.4 MSEK (23.0) compared to the corresponding period of the previous year.
On a rolling 12-month basis, we are delivering in line with our financial targets, which are 10 percent sales growth per year and an average EBITA margin of 12 percent. Both turnover and profits thus far are at an all-time-high for Prevas, which we are very proud of – particularly in the prevailing market conditions.
To read the word from the CEO in full, see interim report page 4-5. Pdf, 978.8 kB.
Prevas' interim report January-September 2023 will be available at https://www.prevas.com/Financial-Reporting and is attached to this press release.
Presentation of Prevas’ interim report jan-sep 2023
Thursday, October 26 at 09.00 a press and analyst presentation will be held which can be followed via webcast (https://ir.financialhearings.com/prevas-q3-2023) and conference call (https://conference.financialhearings.com/teleconference/?id=5002195).
The presentation is given in English by Magnus Welén (CEO) and Helena Burström (CFO) from Prevas AB. No pre-registration is required.
This information is such that Prevas AB (publ) is required to make public in accordance with EU regulations to prevent market abuse and the Securities Market Act. The information was submitted by the above contact person for publication on October 26th, 2023, at 08.30.
This is a translation of an original document in Swedish. In case of dispute, the original document should be taken as authoritative (Delårsrapport januari-september 2023 at www.prevas.se). Or contact the company direct.