Embellence Group Interim Report Q4 2023

Strong end to challenging year

Fourth quarter 2023

  • Net sales amounted to MSEK 189.8 (176.9), up 7.3% (exchange rate effect +1.6%)
  • EBITA amounted to MSEK 23.2 (14.7), up 57.8%
  • Adjusted EBITA* amounted to MSEK 23.2 (22.0), up 5.5%.
  • Adjusted EBITA* margin amounted to 12.2% (12.5)
  • Net profit for the period amounted to MSEK 15.4 (9.9) and earnings per share for the period before dilution to SEK 0.68 (0.44)
  • Operating cash flow amounted to MSEK 33.6 (16.0)
  • The Board of Directors proposes to the AGM that no dividend be paid for the 2023 financial year

Significant events during the quarter

  • Magnus Welander was appointed new Chairman of Embellence Group AB

Significant events after the end of the quarter

  • No significant events during the quarter

*EBITA excluding acquisition costs and restructuring costs.

This information is information that Embellence Group AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, on 21 February 2024 at 8:00 a.m. CET.

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For more information, please contact:
Karin Lidén, CFO
Tel: +46(0)33-236400
E-mail: 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 Cole & Son, Wall&decò, Artscape, Pappelina and Boråstapeter. Embellence Group shall develop its position as a leading House of Brands in premium interior decoration with a focus on wallpaper, textile, rugs and other interior decoration and drive development in a changing wallpaper and interior decoration market. Embellence Group is listed on Nasdaq First North Premier Growth Market. FNCA Sweden AB is appointed Certified Adviser.