Q1 2024 Earnings Report
Net income increased to EUR 44m, mainly due to lower financial expenses
and higher EBIT
From Adjusted EBITA to net income (in EURm)
Q1 23
Q1 24
1
Adjusted EBITA
149
122
- Restructuring
-47
-22
- Acquisition-related charges
-3
-3
1 - Other incidental items
-16
-15
EBITA
83
82
Amortization
-22
-17
EBIT
61
64
Net financial income / expenses
-30
-16
Income tax expense
-3
-4
Results from investments in associates
0
0
Net income
28
44
18
Key observations
Non-recurring items by nature and relate to:
A one-day FX loss from the devaluation of the Egyptian
pound by the Egyptian government (EUR 10m)
Environmental provisions for inactive sites and the
discounting effect of long-term provisions (EUR 4m)
Other items with an effect of EUR 1 million loss
SignifyView entire presentation