SUMMARY OF INTERIM PERIOD, JULY–SEPTEMBER 2023
- Net sales
SEK 701 million (505), an increase of 39% - Recurring revenues
SEK 614 million (417), an increase of 47% - EBITA
SEK 240 million (161), an increase of 49% - EBITA margin 34% (32)
- Operating profit
SEK 158 million (92), an increase of 71% - Operating margin 22% (18)
- Earnings per share before dilution
SEK 2.26 (1.76) - Cash flow from operating activities
SEK 158 million (87) - Acquisition of
Neagen Oy
SUMMARY OF INTERIM PERIOD, JANUARY–SEPTEMBER 2023
- Net sales
SEK 2,037 million (1,400), an increase of 46% - Recurring revenues
SEK 1,735 million (1,180), an increase of 47% - EBITA
SEK 652 million (411), an increase of 59% - EBITA margin 32% (29)
- Operating profit
SEK 444 million (250), an increase of 78% - Operating margin 22% (18)
- Earnings per share before dilution
SEK 6.94 (5.05) - Cash flow from operating activities
SEK 727 million (489)
Strong quarter demonstrates the strength of our business model once again
A strong quarter in a challenging macroeconomic environment demonstrates the strength of our business model, in which we deliver business-critical software, that is continuously developed to contribute to the success of our customers.
In the third quarter, revenues rose 39% to
During the third quarter, the previously announced acquisition of Finnish Neagen was completed and we signed a contract for another Finnish acquisition, Codea. Codea develops and delivers critical software for field management of emergency vehicles. At the beginning of October, we completed our sixth acquisition this year (a new record!): Dutch Memorix, which provides software for managing archives, digital cultural heritage and collections.
Excellent vertical software companies, which we evaluate on an ongoing basis, are continuously added to our list of acquisition candidates. In our assessment, company valuations have begun to demonstrate a slight downward trend as the impact of higher interest rates becomes evident, and sellers appreciate the simple acquisition process and long-term approach
In the past year, we have expanded our internal resources for both acquisition activities and for integration into the Group, allowing us to handle our new companies well. This strategy provides us with both the organizational and
financial resources to continue our growth journey.
Recruitment of new employees has been a challenge for us and for many other players in the technology sector. In recent months, we have begun to see an improvement as more and more qualified candidates apply for our available positions. We hope that in
To further align the common interest of shareholders and employees in generating value,
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