AQ Group AB Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 15, 2024 at 02:00 am
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AQ Group AB (publ) reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was SEK 2,221 million compared to SEK 1,974 million a year ago. Revenue was SEK 2,258 million compared to SEK 2,017 million a year ago. Net income was SEK 134 million compared to SEK 133 million a year ago. Basic earnings per share from continuing operations was SEK 1.464 compared to SEK 1.454 a year ago. Diluted earnings per share from continuing operations was SEK 1.46 compared to SEK 1.454 a year ago.
For the full year, sales was SEK 8,968 million compared to SEK 7,053 million a year ago. Revenue was SEK 9,133 million compared to SEK 7,232 million a year ago. Net income was SEK 632 million compared to SEK 410 million a year ago. Basic earnings per share from continuing operations was SEK 6.914 compared to SEK 4.486 a year ago. Diluted earnings per share from continuing operations was SEK 6.894 compared to SEK 4.486 a year ago.
AQ Group AB is a Sweden-based company, which develops, manufactures and assembles components and systems for industrial customers. The Company's business consists of the two segments: System and Component. The System segment includes electric cabinets and system products business areas, and produces systems, power and automation solutions and assembles complete machines in close collaboration with the customers. The Component segment encompasses business areas of injection molding, inductive components, wiring Systems, sheet metal processing, as well as special technologies and engineering. This segment produces transformers, wiring systems, mechanical components, punched sheet metal and injection-molded thermoplastics. The Company operates through its subsidiaries in Finland, Estonia, Mexico, India, Canada and China, among others.
AQ GROUP AB 
