{"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":"2026-07-23T08:12:31","modified_gmt":"2026-07-23T06:12:31","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.&nbsp;&rdquo;Strong sales growth, profitability and cashflow in the third quarter&rdquo;, summarizes&nbsp;President and CEO Torbj&ouml;rn Sk&ouml;ld.<\/strong><\/div>\n<p class=\"mfn-wp-retain\"><span>Revenue increased in the third quarter by 17.7 percent to 70.1 MSEK (59.6) after strong growth from both business units.&nbsp;<em>&ldquo;I am pleased to see that our strong growth compared to previous year continued in the third quarter&rdquo;<\/em>, comments&nbsp;Torbj&ouml;rn Sk&ouml;ld.<\/span><\/p>\n<p class=\"mfn-wp-retain\"><span>The gross profit amounted to 46.7 percent (45.1). Business unit Surgical Tables was affected by an unfavorable product&nbsp;and market mix, while Surgical Instruments was positively affected by the same factors. Operating profit amounted to&nbsp;11.9 MSEK (7.2).<\/span><\/p>\n<p class=\"mfn-wp-retain\"><span><em>&rdquo;Stille&rsquo;s 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&rdquo;<\/em>, concludes Stille&rsquo;s CEO.<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td 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><span><span><span><span><span><span>Revenue<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td nowrap><span><span><span><span><span><span>70.1<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td 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><span><span><span><span><span><span>Gross Profit Margin, %<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td nowrap><span><span><span><span><span><span>46.7<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td 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><span><span><span><span><span><span>EBITDA, before one-time costs<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td nowrap><span><span><span><span><span><span>15.5<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td 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><span><span><span><span><span><span>EBITDA <\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td nowrap><span><span><span><span><span><span>15.5<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td 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><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><span><span><span><span><span><span>11.9<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td 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><span><span><span><span><span><span>Operating Profit<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td nowrap><span><span><span><span><span><span>11.9<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td 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><span><span><span><span><span><span>Operating Profit, %<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td nowrap><span><span><span><span><span><span>17.0<\/span><\/span><\/span><\/span><\/span><\/span><\/td>\n<td 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 class=\"mfn-wp-retain\"><span>Torsh&auml;lla, October 26th, 2023.<\/span>&nbsp;<\/p>\n<p><\/p>\n<p class=\"mfn-wp-retain\"><em>This information is such information that Stille AB is obliged to disclose according to the EU&rsquo;s 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 class=\"mfn-wp-retain\"><span><span>For more information, please contact:<\/span><\/span><\/p>\n<p class=\"mfn-wp-retain\"><span><span><strong><span><span>Torbj&ouml;rn Sk&ouml;ld<\/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 class=\"mfn-wp-retain\"><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&rsquo;s oldest medical device companies. Stille&rsquo;s main business areas are surgical instruments and c-arm tables. Stille&rsquo;s 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 &ldquo;STIL&rdquo; 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 mfn-file-type-pdf mfn-primary\"><a class=\"mfn-attachment-link\" target=\"_blank\" 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 decoding=\"async\" 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 mfn-file-type-pdf\"><a class=\"mfn-attachment-link\" target=\"_blank\" 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 decoding=\"async\" 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.&nbsp;&rdquo;Strong sales growth, profitability and cashflow in the third quarter&rdquo;, summarizes&nbsp;President and CEO Torbj&ouml;rn Sk&ouml;ld. Revenue increased in the third quarter by 17.7 percent to 70.1 MSEK (59.6) after strong growth from both business units.&nbsp;&ldquo;I am pleased to see that our&#8230;<\/p>\n","protected":false},"template":"","mfn-news-tag":[1155,1165,1152,1159,1151,1168,1158,1163],"class_list":["post-44882","mfn_news","type-mfn_news","status-publish","hentry","mfn-news-tag-mfn-lang-en","mfn-news-tag-mfn-report-interim","mfn-news-tag-mfn-type-ir","mfn-news-tag-mfn-regulatory-mar","mfn-news-tag-mfn","mfn-news-tag-mfn-report-interim-q3","mfn-news-tag-mfn-regulatory","mfn-news-tag-mfn-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\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.&nbsp;&rdquo;Strong sales growth, profitability and cashflow in the third quarter&rdquo;, summarizes&nbsp;President and CEO Torbj&ouml;rn Sk&ouml;ld. 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