{"id":44876,"date":"2024-02-16T08:00:00","date_gmt":"2024-02-16T07:00:00","guid":{"rendered":"https:\/\/www.stille.se\/us\/mfn_news\/stille-ab-year-end-report-2023\/"},"modified":"2024-02-23T11:53:45","modified_gmt":"2024-02-23T10:53:45","slug":"stille-ab-year-end-report-2023","status":"publish","type":"mfn_news","link":"https:\/\/www.stille.se\/us\/news\/stille-ab-year-end-report-2023\/","title":{"rendered":"Stille AB: Year-End Report 2023"},"content":{"rendered":"<div class=\"mfn-preamble\"><strong>Stille AB (publ) today presents the report for the fourth quarter and full fiscal year 2023. \u201dStrong finish to the year with solid sales growth, enhanced profitability and the strategic acquisition of Fehling Instruments\u201d, summarizes President and CEO Torbj\u00f6rn Sk\u00f6ld in the year-end report.<\/strong><\/div>\n<p><span><span>Revenue increased in the fourth quarter by 25.0 percent to 77.3 MSEK (61.8) with strong growth from both business units.\u00a0<em>\u201cI am pleased to note that our growth momentum remains strong in the fourth quarter, and we continue to deliver on our growth strategy. 2023 marked a significant milestone for Stille.\u201d<\/em>, comments Torbj\u00f6rn Sk\u00f6ld, referencing the acquisition of the German family-owned company Fehling Instruments, announced during the fourth quarter.<\/span><\/span><\/p>\n<p><span><span><em>&#34;With this acquisition, Stille significantly broadens its product portfolio and further strengthens its position in strategically important markets within the premium surgical instrument segment\u201d<\/em>, says Torbj\u00f6rn Sk\u00f6ld, expressing satisfaction with the successful share issue that financed the acquisition. \u201c<em>The remarkable interest in Stille meant that the share issue, despite the current business climate, was carried out at a premium to the then-current stock price, strengthening our already robust shareholder base with new, long-term, sector-specific owners.&#34;<\/em><\/span><\/span><\/p>\n<p><span><span>The gross profit amounted to 45.6 percent (45.8). Business unit Surgical Tables was affected by an unfavorable product\u00a0<br \/>\nand market mix. Operating profit amounted to 14.0 MSEK (8.8).<\/span><\/span><\/p>\n<p><span><span><em>\u201d2023 ends very strongly, and we look forward to 2024\u201d<\/em>, concludes Stille\u2019s CEO.<\/span><\/span><br \/>\n\u00a0<\/p>\n<table>\n<tbody>\n<tr>\n<td nowrap=\"nowrap\"><span><span><span><span><span><strong><span><span>MSEK<\/span><\/span><\/strong><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><strong><span><span>OCT-DEC<br \/>\n\t\t\t2023<\/span><\/span><\/strong><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><strong><span><span>OCT-DEC<br \/>\n\t\t\t2022<\/span><\/span><\/strong><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><strong><span><span>JAN-DEC<br \/>\n\t\t\t2023<\/span><\/span><\/strong><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><strong><span><span>JAN-DEC<br \/>\n\t\t\t2022<\/span><\/span><\/strong><\/span><\/span><\/span><\/span><\/span><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\"><span><span><span><span><span><span>Revenue<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td nowrap=\"nowrap\"><span><span><span><span><span><span>77.3<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td nowrap=\"nowrap\"><span><span><span><span><span><span>61.8<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span>294.9<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span>246.3<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\"><span><span><span><span><span><span>Gross Profit Margin, %<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td nowrap=\"nowrap\"><span><span><span><span><span><span>45.6<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td nowrap=\"nowrap\"><span><span><span><span><span><span>45.8<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span>44.8<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span>45.3<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\"><span><span><span><span><span><span>EBITDA, before one-time costs<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td nowrap=\"nowrap\"><span><span><span><span><span><span>17.7<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td nowrap=\"nowrap\"><span><span><span><span><span><span>11.7<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span>62.6<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span>42.1<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\"><span><span><span><span><span><span>EBITDA <\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td nowrap=\"nowrap\"><span><span><span><span><span><span>17.7<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td nowrap=\"nowrap\"><span><span><span><span><span><span>11.6<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span>59.3<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span>42.1<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\"><span><span><span><span><span><span>EBITDA, %<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td nowrap=\"nowrap\"><span><span><span><span><span><span>22.9<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td nowrap=\"nowrap\"><span><span><span><span><span><span>18.8<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span>20.1<\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span>17.1<\/span><\/span><\/span><\/span><\/span><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\"><span><span><span><span><span><span>Operating Profit, before one-time costs<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td nowrap=\"nowrap\"><span><span><span><span><span><span>14.0<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td nowrap=\"nowrap\"><span><span><span><span><span><span>8.8<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span>48.3<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span>32.5<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\"><span><span><span><span><span><span>Operating Profit<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td nowrap=\"nowrap\"><span><span><span><span><span><span>14.0<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td nowrap=\"nowrap\"><span><span><span><span><span><span>8.8<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span>45.0<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span>32.4<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\"><span><span><span><span><span><span>Operating Profit, %<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td nowrap=\"nowrap\"><span><span><span><span><span><span>18.1<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td nowrap=\"nowrap\"><span><span><span><span><span><span>14.2<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span>15.2<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span>13.2<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span>Torsh\u00e4lla, February 16th, 2024.<\/span><\/p>\n<p><\/p>\n<p><em>This information is such information that Stille AB is obliged to disclose according to the EU\u2019s market abuse regulation. The information was, through the agency of the contact person, rendered for publication on February 16th, 2024, kl. 08.00 (CET).<\/em><\/p>\n<div class=\"mfn-footer\">\n<p><span><span>For more information, please contact:<\/span><\/span><\/p>\n<p><span><span><strong><span><span>Torbj\u00f6rn Sk\u00f6ld<\/span><\/span><\/strong><br \/>\nCEO and President<br \/>\n+46 (0)70 316 63 91 | torbjorn.skold@stille.se<\/span><\/span><\/p>\n<\/div>\n<div class=\"mfn-footer mfn-about\">\n<p><span><span>Stille AB (publ) publ) develops, manufactures and markets medical devices for surgeons across the world. Stille was founded in 1841 and is one of the world\u2019s oldest medical device companies. Stille\u2019s main business areas are surgical instruments and c-arm tables. Stille\u2019s surgical instruments are mostly used during different kinds of open surgery. During minimal invasive procedures. the c-arm tables imagiQ2 and Medstone are key products. The company has a strong brand and products of a renowned high-quality. The share is listed on First North Growth Market under the acronym \u201cSTIL\u201d with Eminova AB as Certified Adviser, Eminova Fondkommission AB, + 46 8 684 211 10, adviser@eminova.se. For more information, visit www.stille.se.<\/span><\/span><\/p>\n<\/div>\n<script>\n                Array.prototype.slice.call(document.querySelectorAll(\".mfn-footer.mfn-attachment\")).forEach(function (el) { el.remove() });\n            <\/script>\n        <div class=\"mfn-attachments-container\"><div class=\"mfn-attachment\"><a class=\"mfn-attachment-link\" href=\"https:\/\/storage.mfn.se\/proxy\/year-end-report-2023-only-in-swedish.pdf?url=https%3A%2F%2Fmb.cision.com%2FMain%2F1000%2F3929818%2F2609459.pdf\"><span class=\"mfn-attachment-icon\"><img src=\"https:\/\/storage.mfn.se\/proxy\/year-end-report-2023-only-in-swedish.pdf?url=https%3A%2F%2Fmb.cision.com%2FMain%2F1000%2F3929818%2F2609459.pdf&type=jpg\"><\/span>Year-End Report 2023 (Only in Swedish)<\/a><\/div><div class=\"mfn-attachment\"><a class=\"mfn-attachment-link\" href=\"https:\/\/storage.mfn.se\/proxy\/press-release-year-end-report-2023.pdf?url=https%3A%2F%2Fmb.cision.com%2FPublic%2F1000%2F3929818%2Fb0e1333ad209eeed.pdf\"><span class=\"mfn-attachment-icon\"><img src=\"https:\/\/storage.mfn.se\/proxy\/press-release-year-end-report-2023.pdf?url=https%3A%2F%2Fmb.cision.com%2FPublic%2F1000%2F3929818%2Fb0e1333ad209eeed.pdf&type=jpg\"><\/span>Press Release - Year-End Report 2023<\/a><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Stille AB (publ) today presents the report for the fourth quarter and full fiscal year 2023. \u201dStrong finish to the year with solid sales growth, enhanced profitability and the strategic acquisition of Fehling Instruments\u201d, summarizes President and CEO Torbj\u00f6rn Sk\u00f6ld in the year-end report. Revenue increased in the fourth quarter by 25.0 percent to 77.3&#8230;<\/p>\n","protected":false},"template":"","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stille AB: Year-End Report 2023 - STILLE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.stille.se\/us\/news\/stille-ab-year-end-report-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stille AB: Year-End Report 2023 - STILLE\" \/>\n<meta property=\"og:description\" content=\"Stille AB (publ) today presents the report for the fourth quarter and full fiscal year 2023. \u201dStrong finish to the year with solid sales growth, enhanced profitability and the strategic acquisition of Fehling Instruments\u201d, summarizes President and CEO Torbj\u00f6rn Sk\u00f6ld in the year-end report. Revenue increased in the fourth quarter by 25.0 percent to 77.3...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.stille.se\/us\/news\/stille-ab-year-end-report-2023\/\" \/>\n<meta property=\"og:site_name\" content=\"Stille US\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/stilleab\/\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-23T10:53:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.stille.se\/us\/wp-content\/uploads\/2019\/12\/stille-logo-800.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"562\" \/>\n\t<meta property=\"og:image:height\" content=\"314\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.stille.se\/us\/#organization\",\"name\":\"Stille Inc.\",\"url\":\"https:\/\/www.stille.se\/us\/\",\"sameAs\":[\"https:\/\/www.facebook.com\/stilleab\/\",\"https:\/\/www.linkedin.com\/company\/stille-ab\/\",\"https:\/\/www.youtube.com\/channel\/UCpxmVroiwKKSXWe3ZCOrSqw\"],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.stille.se\/us\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.stille.se\/us\/wp-content\/uploads\/2019\/12\/stille-logo-800.jpg\",\"contentUrl\":\"https:\/\/www.stille.se\/us\/wp-content\/uploads\/2019\/12\/stille-logo-800.jpg\",\"width\":562,\"height\":314,\"caption\":\"Stille Inc.\"},\"image\":{\"@id\":\"https:\/\/www.stille.se\/us\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.stille.se\/us\/#website\",\"url\":\"https:\/\/www.stille.se\/us\/\",\"name\":\"Stille US\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.stille.se\/us\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.stille.se\/us\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.stille.se\/us\/news\/stille-ab-year-end-report-2023\/#webpage\",\"url\":\"https:\/\/www.stille.se\/us\/news\/stille-ab-year-end-report-2023\/\",\"name\":\"Stille AB: Year-End Report 2023 - STILLE\",\"isPartOf\":{\"@id\":\"https:\/\/www.stille.se\/us\/#website\"},\"datePublished\":\"2024-02-16T07:00:00+00:00\",\"dateModified\":\"2024-02-23T10:53:45+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.stille.se\/us\/news\/stille-ab-year-end-report-2023\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.stille.se\/us\/news\/stille-ab-year-end-report-2023\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.stille.se\/us\/news\/stille-ab-year-end-report-2023\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.stille.se\/us\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"News\",\"item\":\"https:\/\/www.stille.se\/us\/news\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Stille AB: Year-End Report 2023\"}]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Stille AB: Year-End Report 2023 - STILLE","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.stille.se\/us\/news\/stille-ab-year-end-report-2023\/","og_locale":"en_US","og_type":"article","og_title":"Stille AB: Year-End Report 2023 - STILLE","og_description":"Stille AB (publ) today presents the report for the fourth quarter and full fiscal year 2023. \u201dStrong finish to the year with solid sales growth, enhanced profitability and the strategic acquisition of Fehling Instruments\u201d, summarizes President and CEO Torbj\u00f6rn Sk\u00f6ld in the year-end report. Revenue increased in the fourth quarter by 25.0 percent to 77.3...","og_url":"https:\/\/www.stille.se\/us\/news\/stille-ab-year-end-report-2023\/","og_site_name":"Stille US","article_publisher":"https:\/\/www.facebook.com\/stilleab\/","article_modified_time":"2024-02-23T10:53:45+00:00","og_image":[{"width":562,"height":314,"url":"https:\/\/www.stille.se\/us\/wp-content\/uploads\/2019\/12\/stille-logo-800.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Organization","@id":"https:\/\/www.stille.se\/us\/#organization","name":"Stille Inc.","url":"https:\/\/www.stille.se\/us\/","sameAs":["https:\/\/www.facebook.com\/stilleab\/","https:\/\/www.linkedin.com\/company\/stille-ab\/","https:\/\/www.youtube.com\/channel\/UCpxmVroiwKKSXWe3ZCOrSqw"],"logo":{"@type":"ImageObject","@id":"https:\/\/www.stille.se\/us\/#logo","inLanguage":"en-US","url":"https:\/\/www.stille.se\/us\/wp-content\/uploads\/2019\/12\/stille-logo-800.jpg","contentUrl":"https:\/\/www.stille.se\/us\/wp-content\/uploads\/2019\/12\/stille-logo-800.jpg","width":562,"height":314,"caption":"Stille Inc."},"image":{"@id":"https:\/\/www.stille.se\/us\/#logo"}},{"@type":"WebSite","@id":"https:\/\/www.stille.se\/us\/#website","url":"https:\/\/www.stille.se\/us\/","name":"Stille US","description":"","publisher":{"@id":"https:\/\/www.stille.se\/us\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.stille.se\/us\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.stille.se\/us\/news\/stille-ab-year-end-report-2023\/#webpage","url":"https:\/\/www.stille.se\/us\/news\/stille-ab-year-end-report-2023\/","name":"Stille AB: Year-End Report 2023 - STILLE","isPartOf":{"@id":"https:\/\/www.stille.se\/us\/#website"},"datePublished":"2024-02-16T07:00:00+00:00","dateModified":"2024-02-23T10:53:45+00:00","breadcrumb":{"@id":"https:\/\/www.stille.se\/us\/news\/stille-ab-year-end-report-2023\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.stille.se\/us\/news\/stille-ab-year-end-report-2023\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.stille.se\/us\/news\/stille-ab-year-end-report-2023\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.stille.se\/us\/"},{"@type":"ListItem","position":2,"name":"News","item":"https:\/\/www.stille.se\/us\/news\/"},{"@type":"ListItem","position":3,"name":"Stille AB: Year-End Report 2023"}]}]}},"_links":{"self":[{"href":"https:\/\/www.stille.se\/us\/wp-json\/wp\/v2\/mfn_news\/44876"}],"collection":[{"href":"https:\/\/www.stille.se\/us\/wp-json\/wp\/v2\/mfn_news"}],"about":[{"href":"https:\/\/www.stille.se\/us\/wp-json\/wp\/v2\/types\/mfn_news"}],"wp:attachment":[{"href":"https:\/\/www.stille.se\/us\/wp-json\/wp\/v2\/media?parent=44876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}