OX2 AB (publ) reports its result for the second quarter of 2023 today

April-June 2023
·       Net sales amounted to SEK 2,204 million (1,469)
·       Operating income amounted to SEK 207 million (362)
·       Operating margin amounted to 9.4% (24.7)
·       Profit for the period was SEK 245 million (304)
·       Earnings per share before and after dilution totaled SEK 0.90 (1.11)
·       Cash flow from operating activities amounted to -1,229 million (1,076)

January-June 2023
·       Net sales amounted to SEK 3,666 million (3,090)
·       Operating income amounted to SEK 310 million (468)
·       Operating margin amounted to 8.4% (15.1)
·       Profit for the period was SEK 334 million (415)
·       Earnings per share before dilution totaled SEK 1.23 (1.52) and after dilution SEK 1.22 (1.52)
·       Cash flow from operating activities amounted to SEK -351 million (894)
 
CEO comments
“In the second quarter, our operating income totaled SEK 207 million. We signed our first sales contract in the Italian market and sold 49 percent of three offshore wind projects in Finland. The integration of our Australian operations is in full swing following the completion of the ESCO Pacific acquisition. In addition, we received our first permit for offshore wind from the Swedish government.”
 
Webcast and telephone conference
A presentation of the company’s interim report for the second quarter 2023 will be held today at 10.00 (CEST). If you wish to participate via webcast please use the link below. Via the webcast, there is an opportunity to ask written questions.
 
OX2 Q2 Report 2023 (financialhearings.com)

If you wish to participate via teleconference please register on the link below. After registration you will be provided phone numbers and a conference ID to access the conference. You can ask questions verbally via the teleconference. 
 
Call Access (financialhearings.com)
 
 
For further information, please contact:

 
Henrik Vikström, Investor Relations Director OX2
+46 709 528 006
henrik.vikstrom@ox2.com