Q1 2023 Stillfront Group AB (publ) Earnings Call Transcript
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Welcome to the Stillfront Q1 Report 2023. Today I will be presenting. Jorgen Larsson, CEO, together with Andreas Uddman, which is the CFO of Stillfront Group.
We'll start with the overview. We have a -- we think we have a very stable performance with improving profitability in Q1. Our net revenue grew by 5% and we in -- our increased focus on efficiency and performance on an investing in key franchises have paid off. We will go into details later.
But our prime profitability target EBITDAC adjusted improved from 22% to 24% year-over-year, which is very satisfactory and also we started with our buyback program of shares. So 10.5 million shares were acquired during the quarter.
You can also see on this slide on the right side that we are a truly global company which we really see delivers advantages for us, which I will come back to as well. But you can both see how our revenues were distributed in the quarter where we have a good balance between
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