{"id":8517,"date":"2024-05-15T13:00:00","date_gmt":"2024-05-15T11:00:00","guid":{"rendered":"https:\/\/soltechenergy.com\/mfn_news\/soltech-energy-sweden-ab-publ-quarterly-report-for-the-period-january-march-2024\/"},"modified":"2024-05-15T13:00:02","modified_gmt":"2024-05-15T11:00:02","slug":"soltech-energy-sweden-ab-publ-quarterly-report-for-the-period-january-march-2024","status":"publish","type":"mfn_news","link":"https:\/\/soltechenergy.com\/en\/mfn_news\/soltech-energy-sweden-ab-publ-quarterly-report-for-the-period-january-march-2024\/","title":{"rendered":"Soltech Energy Sweden AB (publ) quarterly report for the period January-March 2024"},"content":{"rendered":"
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Quarter impacted by weak consumer market and seasonal effects<\/strong><\/p>\n<\/div>\n

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CEO comment:<\/strong><\/p>\n

In the first quarter, the Group’s net sales amounted to SEK 513.1 (680.2) million. The sales decline is primarily explained by lower activity in the consumer market for solar energy in all regions and by strong comparative figures in the same period in 2023. Looking at the Group’s other services in roofing, façade and electrical engineering, demand generally remained stable. The quarter was also seasonally characterized by customary lower activity with a smaller share of ongoing projects.<\/p>\n

EBITA was impacted by the lower volume. Some cost adjustments were also made during the quarter to meet the changed market conditions. Cash flow from operating activities was positive.<\/p>\n

Even though the solar energy market slowed down in the quarter, solar energy is an industry of the future and an increasingly important part of the energy transition. Our strategy is to continue to focus on quality, profitability and end-to-end solutions, as well as developing, transforming and growing our subsidiaries, but also to acquire new businesses when the market situation is more favorable.<\/p>\n

Together with our driven entrepreneurs and employees, we will build an increasingly stronger group with the goal of increasing long-term shareholder value – and being a growing enabler for the green transition.<\/p>\n

THE FIRST QUARTER IN BRIEF<\/strong><\/p>\n