Financial informationv4

Financial information

Lamor Financial Statement 1 January–31 December 2023: Large projects progressed well; geopolitical situation slowed the order intake

October–December 2023 in brief 

  • EBIT was EUR 3.0 million (0.8)
  • Adjusted EBIT amounted to EUR 4.0 million (1.2) or 11.6% of revenue (4.5%)
  • Net cash flow from operating activities was EUR 2.3 million (0.7)
  • Earnings per share (basic) was EUR 0.01 (-0.03)
  • Orders received decreased by 12.4% and amounted to EUR 10.0 million (11.4)
  • Impairments from the Kazakhstan business amounted to EUR 0.8 million

January–December 2023 in brief

  • Revenue decreased by 4.0% year on year to EUR 122.5 million (127.7)
  • EBIT was EUR 8.4 million (10.0)
  • Adjusted EBIT decreased by 13.2% and amounted to EUR 10.9 million (12.6) or 8.9% of revenue
  • Net working capital at the end of period was EUR 62.2 million (41.5)
  • Net cash flow from operating activities was EUR -12.7 million (-6.5)
  • Earnings per share (basic) was EUR 0.09 (0.13)
  • Orders received decreased by 49.7% and amounted to EUR 44.0 million (87.4)
  • Order backlog at the end of period was EUR 124.2 million (203.1)
  • The Board of Director proposes that no dividend be distributed for the financial year 2023

Guidance for 2024

Lamor estimates that its revenue for the financial year 2024 will be at least at the same level as in 2023 (2023: EUR 122.5 million). Due to the uncertain market situation and uncertainty regarding the schedule of large tenders, Lamor does not provide guidance for profitability.

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