{"id":44882,"date":"2023-10-26T08:00:00","date_gmt":"2023-10-26T06:00:00","guid":{"rendered":"https:\/\/www.stille.se\/us\/mfn_news\/stille-ab-interim-report-q3-2023\/"},"modified":"2024-02-23T11:53:45","modified_gmt":"2024-02-23T10:53:45","slug":"stille-ab-interim-report-q3-2023","status":"publish","type":"mfn_news","link":"https:\/\/www.stille.se\/us\/news\/stille-ab-interim-report-q3-2023\/","title":{"rendered":"Stille AB: Interim Report Q3 2023"},"content":{"rendered":"<div class=\"mfn-preamble\"><strong>Stille AB (publ) publishes the report for the third quarter of the business year 2023.\u00a0\u201dStrong sales growth, profitability and cashflow in the third quarter\u201d, summarizes\u00a0President and CEO Torbj\u00f6rn Sk\u00f6ld.<\/strong><\/div>\n<p><span>Revenue increased in the third quarter by 17.7 percent to 70.1 MSEK (59.6) after strong growth from both business units.\u00a0<em>\u201cI am pleased to see that our strong growth compared to previous year continued in the third quarter\u201d<\/em>, comments\u00a0Torbj\u00f6rn Sk\u00f6ld.<\/span><\/p>\n<p><span>The gross profit amounted to 46.7 percent (45.1). Business unit Surgical Tables was affected by an unfavorable product\u00a0and market mix, while Surgical Instruments was positively affected by the same factors. Operating profit amounted to\u00a011.9 MSEK (7.2).<\/span><\/p>\n<p><span><em>\u201dStille\u2019s strategic goals remain. With our differentiated high-quality products within surgical instruments and c-arm tables, we focus on niche premium segments. 2023 continues to be strong &#8211; We deliver value to our customers, which creates good demand, strong growth and good cashflow\u201d<\/em>, concludes Stille\u2019s CEO.<\/span><\/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>JUL-SEP<br \/>\n\t\t\t2023<\/span><\/span><\/strong><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><strong><span><span>JUL-SEP<br \/>\n\t\t\t2022<\/span><\/span><\/strong><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><strong><span><span>JAN-SEP<br \/>\n\t\t\t2023<\/span><\/span><\/strong><\/span><\/span><\/span><\/td>\n<td><span><span><span><strong><span><span>JAN-SEP<br \/>\n\t\t\t2022<\/span><\/span><\/strong><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><strong><span><span>OCT-SEP<br \/>\n\t\t\t2022\/23<\/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>70.1<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td nowrap=\"nowrap\"><span><span><span><span><span><span>59.6<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span>217.6<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span>184.5<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span>279.5<\/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>46.7<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td nowrap=\"nowrap\"><span><span><span><span><span><span>45.1<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span>44.6<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span>45.1<\/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>15.5<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td nowrap=\"nowrap\"><span><span><span><span><span><span>9.4<\/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>30.5<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span>56.6<\/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>15.5<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td nowrap=\"nowrap\"><span><span><span><span><span><span>9.4<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span>41.7<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span>30.4<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span>53.3<\/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>Operating Profit, before<br \/>\n\t\t\tone-time costs<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td nowrap=\"nowrap\"><span><span><span><span><span><span>11.9<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td nowrap=\"nowrap\"><span><span><span><span><span><span>7.2<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span>34.3<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span>23.7<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span>43.1<\/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>11.9<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td nowrap=\"nowrap\"><span><span><span><span><span><span>7.2<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span>31.0<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span>23.6<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span>39.8<\/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>17.0<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td nowrap=\"nowrap\"><span><span><span><span><span><span>12.1<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span>14.2<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span>12.8<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td><span><span><span><span><span><span>14.2<\/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, October 26th, 2023.<\/span>\u00a0<\/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 October 26th, 2023, kl. 08.00 (CEST).<\/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\/interim-report-q3-2023-only-in-swedish.pdf?url=https%3A%2F%2Fmb.cision.com%2FMain%2F1000%2F3861983%2F2386196.pdf\"><span class=\"mfn-attachment-icon\"><img src=\"https:\/\/storage.mfn.se\/proxy\/interim-report-q3-2023-only-in-swedish.pdf?url=https%3A%2F%2Fmb.cision.com%2FMain%2F1000%2F3861983%2F2386196.pdf&type=jpg\"><\/span>Interim Report Q3 2023 (Only in Swedish)<\/a><\/div><div class=\"mfn-attachment\"><a class=\"mfn-attachment-link\" href=\"https:\/\/storage.mfn.se\/proxy\/press-release-interim-report-q3-2023.pdf?url=https%3A%2F%2Fmb.cision.com%2FPublic%2F1000%2F3861983%2F94947ae7fb76b955.pdf\"><span class=\"mfn-attachment-icon\"><img src=\"https:\/\/storage.mfn.se\/proxy\/press-release-interim-report-q3-2023.pdf?url=https%3A%2F%2Fmb.cision.com%2FPublic%2F1000%2F3861983%2F94947ae7fb76b955.pdf&type=jpg\"><\/span>Press Release - Interim Report Q3 2023<\/a><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Stille AB (publ) publishes the report for the third quarter of the business year 2023.\u00a0\u201dStrong sales growth, profitability and cashflow in the third quarter\u201d, summarizes\u00a0President and CEO Torbj\u00f6rn Sk\u00f6ld. Revenue increased in the third quarter by 17.7 percent to 70.1 MSEK (59.6) after strong growth from both business units.\u00a0\u201cI am pleased to see that our&#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: Interim Report Q3 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-interim-report-q3-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stille AB: Interim Report Q3 2023 - STILLE\" \/>\n<meta property=\"og:description\" content=\"Stille AB (publ) publishes the report for the third quarter of the business year 2023.\u00a0\u201dStrong sales growth, profitability and cashflow in the third quarter\u201d, summarizes\u00a0President and CEO Torbj\u00f6rn Sk\u00f6ld. 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