{"id":8085,"date":"2024-02-22T13:00:00","date_gmt":"2024-02-22T12:00:00","guid":{"rendered":"https:\/\/soltechenergy.com\/mfn_news\/soltech-energy-achieves-improved-profitability-for-the-full-year\/"},"modified":"2024-05-08T10:30:22","modified_gmt":"2024-05-08T08:30:22","slug":"soltech-energy-achieves-improved-profitability-for-the-full-year","status":"publish","type":"mfn_news","link":"https:\/\/soltechenergy.com\/en\/mfn_news\/soltech-energy-achieves-improved-profitability-for-the-full-year\/","title":{"rendered":"Soltech Energy achieves improved profitability for the full year"},"content":{"rendered":"
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CEO’s comments<\/strong>
In the fourth quarter of 2023, despite strenuous market conditions, Soltech reaches net sales of SEK 740.6 million and an EBITDA of SEK 58.1 million. Our cash flow is positive and our liquidity is strengthening. For the full year of 2023, we reach net sales of SEK 2,904 million, which is an increase of 50 percent, and EBITDA is improved to SEK 128.5 million from SEK -19.8 million, compared to 2022.<\/p>\n

Our operational business is profitable<\/strong>
<\/strong>We are pleased to be able to maintain high sales and operational profitability for the fourth quarter of 2023, compared with a strong fourth quarter of 2022. Growth is not as aggressive as last year since we have focused on profitability for 18 months and no major acquisitions have been carried out since October 2022.<\/p>\n

2024 will be a challenging year, but with the hope of future interest rate decrease and clear rules of the game in the solar market, the underlying need and demand for a green transition and hopefully a more stable global climate , I see upon the future with confidence.<\/p>\n

Stefan Ölander<\/strong>
CEO<\/p>\n

FOURTH QUARTER HIGHLIGHTS<\/strong><\/p>\n