Prevas AB
LSE:0H2J

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Prevas AB
LSE:0H2J
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Price: 85.9 SEK -2.39% Market Closed
Market Cap: kr1.1B

Prevas AB
Investor Relations

Prevas AB engages in the provision of information technology solutions and services. The company is headquartered in Vasteras, Vastmanland. The Company’s activities are divided into three areas: Product Development, which offers software, electronics and mechatronics for embedded systems, as well as technical consulting services for Scandinavian companies; Industrial Systems, providing IT solutions for logistics and automation, Manufacturing Execution Systems (MES), Enterprise Asset Management (EAM) and Enterprise Manufacturing Intelligence (EMI); and Management Consulting, including advisory services related to a range of areas, such as Business Development, Business Model Innovation, Value Management, Customer Relation and Enterprise Architecture. Its customer portfolio includes Ericsson, Siemens, SAAB Aerosystems, Volvo, GE Healthcare, Sandvik, and Bombardier Transportation, among others. The firm is a parent of a number of entities, such as Prevas AS and Prevas Technology AB.

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Last Earnings Call
Fiscal Period
Q1 2024
Call Date
May 7, 2024
AI Summary
Q1 2024

Strong Profitability: Prevas delivered an EBITA margin of 13.2% in Q1, despite negative calendar effects and a challenging market.

Revenue Growth: The company managed to grow its top line for the quarter, with revenue up 3.2%.

Robust Cash Flow: Operating cash flow increased to SEK 27 million, up from SEK 23 million last year.

Strategic Acquisition: Prevas announced the acquisition of Enmac, establishing a strong presence in Finland and aiming for future growth and synergies.

Market Conditions: Demand remains stable but mixed, with strength in green transition, cybersecurity, and defense, offset by continued weakness in consumer and public sectors.

Strong Balance Sheet: Prevas retains a solid financial position with high equity ratio and low net debt, even after the acquisition.

Ongoing Focus: Management remains focused on maintaining margins through pricing and operational efficiency, and expects organic growth and continued recruitment.

Key Financials
EBITA Margin
13.2%
Revenue Growth
3.2%
Operating Cash Flow
SEK 27 million
Cash
SEK 130 million
Equity Ratio
60.9%
Net Debt to EBITDA
negative (pre-acquisition), approximately 1.0x post-acquisition
EBIT
SEK 44.2 million
Other Earnings Calls
2024
2023

Management

Mr. Magnus Welen
CEO & President
No Bio Available
Ms. Helena Burstrom
Chief Financial Officer
No Bio Available
Per Modin
Chief Accountant
No Bio Available
Ms. Helena Lundin
Head of Communication & Sustainability
No Bio Available

Contacts

Address
VASTMANLAND
Vasteras
Box 4
Contacts
+46213601900.0
www.prevas.se
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