NCAB Group released the Interim report for the first quarter 2024 on April 25.
January-March 2024
Net sales decreased by 17% to SEK 950.6 million (1,146.4). Compared with the year-earlier period, sales were affected bylower prices and continued inventory adjustments by customers. In USD, net sales decreased 17%. For comparable units, net sales decreased 24% in both SEK and USD.
Order intake decreased 6% to SEK 970 million (1,030). The decrease in USD was 5%. Order intake for comparable units decreased 14% in both SEK and USD. However, compared with the three most recent quarters order intake increased and book to bill ended positively on 1.02.
EBITA decreased to SEK 142.6 million (183.7), representing an EBITA margin of 15.0% (16.0).
Cash flow from operating activities was SEK 92.9 million (201.9).
Operating profit was SEK 127.4 million (172.6).
Profit after tax was SEK 89.8 million (125.0).
Earnings per share before and after dilution was SEK 0.48 (0.67).
Significant events during and after the quarter
The Board of Directors proposes a dividend of SEK 1.10 (1.10) per share to be paid in May.
Tim Benjamin was appointed to replace Anders Forsén as new CFO. Tim will take up his new duties in October at the latest.
On 11 April, 100 per cent of shares were acquired in Cumatrix BV, in Lommel, Belgium.
About Cumatrix BV
Cumatrix BV, established in 1986, is a company specializing in PCB and chemical etching, with a current staff of 2 employees. In 2023, the net sales were 7 million Swedish Krona (approximately 47.22 million RMB), with an EBITA profit margin of about 7%.Cumatrix BV collaborates with PCB manufacturers in China and does not engage in direct production itself.
Editor：Lulu
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