A strong start to the year

“We started 2024 by delivering higher sales and improved earnings. The trend was mainly driven by strong growth for Boråstapeter, Wall&decò and Artscape in the US. At the same time, forward-looking initiatives continued in relation to our offering, product development and production.”
Olle Svensk,
CEO, Embellence Group AB

First quarter 2024

  • Net sales amounted to MSEK 214.2 (197.5), up 8.5% (exchange rate effect +0.7%)
  • EBITA amounted to MSEK 33.6 (27.1), up 24.0%
  • Adjusted EBITA* amounted to MSEK 33.6 (27.1), up 24.0%
  • Adjusted EBITA* margin amounted to 15.7% (13.7)
  • Net profit for the period amounted to MSEK 16.3 (12.9) and earnings per share for the period before dilution to SEK 0.72 (0.57)
  • Operating cash flow amounted to MSEK 14.4 (2.2)

Significant events during the quarter

  • No significant events to report.

Significant events after the end of the quarter

  • No significant events to report.

*EBITA excluding acquisition costs and restructuring costs.

For more information, please contact:
Karin Lidén
CFO
Telephone: +46 704 29 30 57
Email: ir@embellencegroup.com

About Embellence Group
Embellence Group, founded in 1905 in Borås, is a leading European company in the premium wallpaper segment and has a prominent position internationally with sales in over 90 countries. Our brands include Boråstapeter, Cole & Son, Wall&decò, Pappelina and Artscape. Embellence Group is listed on Nasdaq First North Premier Growth Market. FNCA Sweden AB is appointed Certified Adviser, info@fnca.se.

This information is information that Embellence Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2024-05-07 08:00 CEST.

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Embellence ENG Q1 2024

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