Feb 07, 2024 / 09:00AM GMT
Jörgen Larsson - Stillfront Group AB(publ)-CEO - President
Welcome to the Stillfront Group full year report 2023. I will be presenting CEO, Jörgen Larsson, together with my colleague, Andreas Uddman, CFO. This is what we will talk about mainly today, we return to organic growth in both November and December, which is what we aimed for in the beginning of the year. However, our net revenue declined 2% year over year in the fourth quarter.
But we had a, as I said, organic uplift. The organic bookings declined by 2% as well, despite being positive in November and December. Our gross profit grew by 1% in the fourth quarter. Gross margin increased by 2 percentage points year over year to 78%. We will go deeper into this during the presentation.
Looking at the full year, which is what we're presenting. The EBITDAC margin is up by 1.8%, from 22.7% to 24.4%, which is very much in line with the trajectory or the path that we described at our Capital Markets Day February last year. The adjusted EBITDAC margin was down 4% year over year
Q4 2023 Stillfront Group AB (publ) Earnings Call Transcript
Feb 10, 2024
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