Elanders AB reported increase in net sales but organic net sales reduction, positive one-off items

From GlobeNewswire: 2024-10-18 07:00:00

Elanders AB saw an increase in net sales to MSEK 10,369 from January to September 2024, representing a 1.9 percent organic net sales reduction. Adjusted EBITA was MSEK 632, with positive one-off items impacting operating profit. In the third quarter, net sales rose to MSEK 3,598 with an organic net sales growth of 3.9 percent. Adjusted EBITA reached MSEK 237.

During the third quarter, Elanders began establishing its first contract logistics unit in Thailand for a major Electronics customer. Cash conversion was 40 percent in the third quarter, and the company acquired Bishopsgate Newco Ltd. and Bergen Logistics. For more information, visit Elanders’ website or contact them via email for inquiries about the report.

For further information regarding Elanders AB, inquiries can be addressed to Magnus Nilsson, President and CEO, and Åsa Vilsson, CFO. Elanders AB is located in Sweden, with a Company ID of 556008-1621. The information provided is in compliance with the EU Market Abuse Regulation and was submitted for publication on October 18, 2024, at 13:00 CET.



Read more at GlobeNewswire:: Quarterly Report January – September 2024