Studsvik AB: Studsvik’s Interim Report for January – March 2016

NYKÖPING, Sweden--()--Regulatory News:

Studsvik (STO:SVIK)

· In April an agreement was made with EDF on the sale of the Waste Treatment business area. The transaction will generate a positive cash flow of about SEK 225 million and give a net result of about SEK 115 million and is expected to take place in the third quarter. The sale will give Studsvik more scope to focus on growth in Fuel and Materials Technology and Consultancy Services.

· Sales in the quarter increased to SEK 171.6 (156.8) million. In local currencies sales increased by 10.6 per cent.

· Operating profit improved to SEK 10.7 (–1.7) million.

· The free cash flow was SEK –2.2 (–4.8) million.

  Jan-March
2016
  Jan-March
2015
  Full year 2015
Sales, SEK million 171.6 156.8 721.2
Operating profit, SEK million 10.7 – 1.7 36.6
Profit after tax, SEK million 5.9 –2.4 14.6
Free cash flow, SEK million* –2.2 –4.8 –29.8
Net debt, SEK million* 137.8 107.0 134.3
Net debt/equity ratio, %* 48.3 37.2 45.0
Profit per share after tax, SEK 0.72 –0.29 1.78
Equity per share, SEK* 34.72 34.98 36.30
*Refers to total operations

The interim report will be presented at a telephone conference call according to separate distributed invitation at 2:30 PM today.

Please read the full interim report in the attached file: http://mb.cision.com/Main/4019/9963059/505612.pdf

Facts about Studsvik

Studsvik offers a range of advanced technical services to the international nuclear power industry in such areas as consultancy services and fuel and materials technology. The company has over 65 years’ experience of nuclear technology and radiological services. Studsvik has 700 employees in 7 countries and the company’s shares are listed on the Nasdaq Stockholm.

Studsvik is publishing this information pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. The Information was released for public disclosure on April 25, 2016 at 01:00 PM CET.

www.studsvik.com

This information was brought to you by Cision http://news.cision.com

Contacts

Studsvik
Michael Mononen, CEO
telephone +46 155 22 10 86
or
Pål Jarness, CFO
telephone +46 155 22 10 09

Contacts

Studsvik
Michael Mononen, CEO
telephone +46 155 22 10 86
or
Pål Jarness, CFO
telephone +46 155 22 10 09