{"id":2615,"date":"2023-08-30T09:30:00","date_gmt":"2023-08-30T09:30:00","guid":{"rendered":"https:\/\/m-ac32463e.ember-eu-nordic-1.propelled.io\/mfn_news\/viacons-interim-report-january-june-2023\/"},"modified":"2026-01-29T08:05:33","modified_gmt":"2026-01-29T08:05:33","slug":"viacons-interim-report-january-june-2023","status":"publish","type":"mfn_news","link":"https:\/\/viacongroup.se\/sv\/mfn_news\/viacons-interim-report-january-june-2023\/","title":{"rendered":"ViaCon\u2019s Interim Report January \u2013 June 2023"},"content":{"rendered":"<div class=\"mfn-preamble\">\n<p><strong>Efficiency work accelerated, after a quarter affected by delays in customers\u2019 financing solutions in connection with infrastructure projects.<\/strong><\/p>\n<\/div>\n<div class=\"mfn-body\">\n<p><strong>SECOND QUARTER <\/strong><strong><br \/><\/strong><\/p>\n<ul>\n<li>Net sales amounted to EUR 50,075 thousand (61,091), a decrease of 18.0% compared with the corresponding period last year. Organic growth amounted to -14.3%.<\/li>\n<li>Operating earnings (EBIT) amounted to EUR 2,603 thousand (6,536), corresponding to an EBIT margin of 5.2% (10.7).<\/li>\n<li>Operating earnings before depreciation (EBITDA) amounted to EUR 4,151 thousand (7,898), corresponding to an EBITDA margin of 8.3% (12.9).<\/li>\n<li>Underlying earnings before depreciation (underlying EBITDA) amounted to EUR 5,398 thousand (9,209), corresponding to an underlying EBITDA margin of 10.8% (15.1).<\/li>\n<li>Order intake amounted to EUR 53,225 thousand (61,412), a decrease of 13.3% compared with the same period last year. Organic growth amounted to -10.2%.<\/li>\n<li>ViaCon intensified the efficiency work initiated in 2022. The initiative is expected to result in reduced costs, excluding non-recurring items, of approximately EUR 5-6 million in 2023, compared to the planned costs for the year.<\/li>\n<\/ul>\n<p><strong><br \/><\/strong><strong>JANUARY &#8211; JUNE 2023<\/strong><\/p>\n<ul>\n<li>Net sales amounted to EUR 80,609 thousand (96,050), a decrease of 16.1% compared with the corresponding period last year. Organic growth amounted to -12.6%.<\/li>\n<li>Operating earnings (EBIT) amounted to<\/li>\n<li>EUR -998 thousand (3,779), corresponding to an EBIT margin of -1.2% (3.9).<\/li>\n<li>Operating earnings before depreciation (EBITDA) amounted to EUR 2,128 thousand (6,655), corresponding to an EBITDA margin of 2.6% (6.9).<\/li>\n<li>Underlying earnings before depreciation (underlying EBITDA) amounted to EUR 3,655 thousand (9,339), corresponding to an underlying EBITDA margin of 4.5% (9.7).<\/li>\n<li>Order intake amounted to EUR 96,555 thousand (125,631), a decrease of 23.1% compared with the same period last year. Organic growth amounted to -20.5%.<\/li>\n<li>As of January 1, 2023, the accounting currency and presentation currency is Euro.<\/li>\n<\/ul>\n<p><strong>COMMENTS FROM THE CEO<\/strong><\/p>\n<p>Interest rate increases and high inflation during the first half of the year have entailed delays in ViaCon\u2019s customers\u2019 financing solutions for infrastructure projects. This shift in the customers\u2019 projects has had a negative impact on the quarter\u2019s turnover and results. Demand for ViaCon\u2019s solutions is still high and during the summer months ViaCon has had a clearly increasing order intake. To ensure that 2023 will also be a strong year, ViaCon has, during the quarter, intensified the efficiency work initiated in 2022.<\/p>\n<p>Sales for the quarter amounted to EUR 50,075 thousand (61,091), a decrease of 18.0% on the previous year. The sales development was related to Bridges &amp; Culverts Solutions and GeoTechnical Solutions. StormWater Solutions had a good organic growth of 8.7%. ViaCon\u2019s acquired operations have contributed to a turnover of EUR 229 thousand, but we have also chosen to leave, and divest, non-core operations with a turnover of around EUR 1,148 thousand in the corresponding period previous year. By continuing to leave product groups with low profitability, we increase our product margins. Organic growth amounted to -14.3% adjusted for divestments and acquisitions.<\/p>\n<p>The operating earnings (EBIT) amounted to EUR 2,603 thousand (6,536), corresponding to an EBIT margin of 5.2% (10.7). The adjusted operating earnings amounted to EUR 3,850 thousand (7,848), corresponding to an adjusted EBIT margin of 7.7% (12.8). The operating earnings were affected by the lower sales, mainly as a result of delays in customer financing solutions. The quarter\u2019s cash flow was improved compared to the corresponding period last year, where mainly the efficiency work with improving the working capital contributed positively.<\/p>\n<p>There are several infrastructure investments taking place around Europe as there is a great need to renew and expand an ageing infrastructure in many countries. Order intake during the quarter amounted to EUR 53,225 thousand (61,415), corresponding to an organic growth of -10.2 percent. Demand and order intake for 2022 was high, but unevenly distributed between the quarters.<\/p>\n<p>In June, we decided to intensify the efficiency work initiated in 2022 with the aim of slimming the organization for increased agility and efficiency, which means that ViaCon will reduce the workforce by approximately 180 positions. Through this initiative we expect to reduce our costs, excluding non-recurring items, compared to the costs we had planned for in 2023 by approximately EUR 5-6 million in 2023. The savings will be visible to some extent already in the third quarter and at the end of the fourth quarter, we expect this initiative to result in sustainable efficiencies corresponding to approximately EUR 10 million on an annual basis. The non-recurring items linked to this initiative are expected to amount to EUR 2.5-3.0 million, of which EUR 1.0 million will be charged to the result in the second quarter and the remaining costs will be charged to the third and fourth quarter of 2023. These measures will strengthen ViaCon both in the short and long term.<\/p>\n<p>The increase in order intake we saw during the summer combined with the ongoing efficiency work means that we, with confidence, look forward to a continued good development as the leading European supplier with more sustainable solutions compared to alternative types of materials.<\/p>\n<p>Stefan Nordstr\u00f6m, <br \/>President and CEO, ViaCon Group<\/p>\n<p><strong>Presentation of the report<\/strong><\/p>\n<p>A live presentation of the financial results and development for the period followed by a Q&amp;A session will be held as follows:<\/p>\n<p>Date: August 30, 2023<br \/>Time: 14:00 -15:00 CET<br \/>Presenters: CEO Stefan Nordstr\u00f6m and CFO Philip Delborn<br \/>Link to webcast: <a href=\"https:\/\/www.finwire.tv\/webcast\/viacon-group\/q2-2023\/\" rel=\"noopener\" target=\"_blank\">https:\/\/www.finwire.tv\/webcast\/viacon-group\/q2-2023\/<\/a><\/p>\n<p>The session will be recorded and available to watch on-demand via the link above.<\/p>\n<p>The full report is published at <a href=\"http:\/\/www.viacongroup.com\/\" rel=\"noopener\" target=\"_blank\">www.viacongroup.com<\/a>.<\/p>\n<\/div>\n<div class=\"mfn-footer mfn-contacts mfn-f748f9bf9d6b\">\n<p><strong class=\"mfn-heading-1\">For further information, please contact:<\/strong><\/p>\n<hr\/>\n<p><strong>Stefan Nordstr\u00f6m, CEO<\/strong>\u00a0<br \/>E-mail:\u00a0<a href=\"mailto:stefan.nordstrom@viacongroup.com\" rel=\"noopener\" target=\"_blank\">stefan.nordstrom@viacongroup.com\u00a0<\/a><br \/>Tel: +46 (0) 706\u00a032\u00a013\u00a006\u00a0<\/p>\n<p><strong>Philip Delborn, CFO<\/strong> <br \/>E-mail: <a href=\"mailto:philip.delborn@viacongroup.com\" rel=\"noopener\" target=\"_blank\">philip.delborn@viacongroup.com<\/a> <br \/>Tel: +46 (0) 702 125264<\/p>\n<\/div>\n<div class=\"mfn-footer mfn-about mfn-4ecdb1e95264\">\n<p><strong class=\"mfn-heading-1\">About Us<\/strong><\/p>\n<hr\/>\n<p><strong>ViaCon constructs connections. Consciously.<\/strong><\/p>\n<p>ViaCon was founded in 1986 with establishments in Sweden and Norway and is a market-leading European provider of sustainable civil engineering corrugated steel structures, geotechnical, and storm-water solutions. ViaCon has a comprehensive local market know-how and manufacturing footprint, with presence in 20 countries and employing ~800 people.<br \/>Combining more than three decades of experience with today\u2019s cutting-edge technology, ViaCon is a pioneer in the field of Bridges &amp; Culverts-, GeoTechnical- and StormWater Solutions, which make up the three business units in the Company.<br \/>ViaCon offers its customers a host of distinct state-of-the-art, mission-critical solutions for various infrastructure products and solutions that are reliable, long-lasting and designed to meet the challenges of a changing world.<br \/>ViaCon is owned by funds advised by FSN Capital Partners, a leading private equity advisor in Northern Europe.<\/p>\n<\/div>\n<div class=\"mfn-footer mfn-regulatory mfn-regulatory-mar\">\n<p><em>This information is information that ViaCon Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2023-08-30 11:30 CEST.<\/em><\/p>\n<\/div>\n<div class=\"mfn-footer mfn-attachment mfn-attachment-general\">\n<p><strong class=\"mfn-heading-1\">Attachments<\/strong><\/p>\n<hr\/>\n<p><a class=\"mfn-primary\" href=\"https:\/\/storage.mfn.se\/2716a29b-a541-4a38-b30c-27214b7ad8a2\/viacon-group-interim-report-q2-2023-web-en.pdf\" rel=\"noopener\" target=\"_blank\">ViaCon Group Interim Report Q2 2023 Web EN<\/a><\/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\/2716a29b-a541-4a38-b30c-27214b7ad8a2\/viacon-group-interim-report-q2-2023-web-en.pdf\"><span class=\"mfn-attachment-icon\"><img decoding=\"async\" src=\"https:\/\/storage.mfn.se\/2716a29b-a541-4a38-b30c-27214b7ad8a2\/viacon-group-interim-report-q2-2023-web-en.pdf?type=jpg\"><\/span>ViaCon Group Interim Report Q2 2023 Web EN<\/a><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Efficiency work accelerated, after a quarter affected by delays in customers\u2019 financing solutions in connection with infrastructure projects. SECOND QUARTER Net sales amounted to EUR 50,075 thousand (61,091), a decrease of 18.0% compared with the corresponding period last year. Organic&#8230;<\/p>\n","protected":false},"template":"","class_list":["post-2615","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-q2","mfn-news-tag-mfn-regulatory","mfn-news-tag-mfn-report"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ViaCon\u2019s Interim Report January \u2013 June 2023 - ViaCon Group<\/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:\/\/viacongroup.se\/sv\/mfn_news\/viacons-interim-report-january-june-2023\/\" \/>\n<meta property=\"og:locale\" content=\"sv_SE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ViaCon\u2019s Interim Report January \u2013 June 2023 - ViaCon Group\" \/>\n<meta property=\"og:description\" content=\"Efficiency work accelerated, after a quarter affected by delays in customers\u2019 financing solutions in connection with infrastructure projects. SECOND QUARTER Net sales amounted to EUR 50,075 thousand (61,091), a decrease of 18.0% compared with the corresponding period last year. Organic...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/viacongroup.se\/sv\/mfn_news\/viacons-interim-report-january-june-2023\/\" \/>\n<meta property=\"og:site_name\" content=\"ViaCon Group\" \/>\n<meta property=\"article:modified_time\" content=\"2026-01-29T08:05:33+00:00\" \/>\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=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/viacongroup.se\/sv\/mfn_news\/viacons-interim-report-january-june-2023\/\",\"url\":\"https:\/\/viacongroup.se\/sv\/mfn_news\/viacons-interim-report-january-june-2023\/\",\"name\":\"ViaCon\u2019s Interim Report January \u2013 June 2023 - ViaCon Group\",\"isPartOf\":{\"@id\":\"https:\/\/viacongroup.se\/sv\/#website\"},\"datePublished\":\"2023-08-30T09:30:00+00:00\",\"dateModified\":\"2026-01-29T08:05:33+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/viacongroup.se\/sv\/mfn_news\/viacons-interim-report-january-june-2023\/#breadcrumb\"},\"inLanguage\":\"sv-SE\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/viacongroup.se\/sv\/mfn_news\/viacons-interim-report-january-june-2023\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/viacongroup.se\/sv\/mfn_news\/viacons-interim-report-january-june-2023\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/viacongroup.se\/sv\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"MFN News Items\",\"item\":\"https:\/\/viacongroup.se\/sv\/mfn_news\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"ViaCon\u2019s Interim Report January \u2013 June 2023\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/viacongroup.se\/sv\/#website\",\"url\":\"https:\/\/viacongroup.se\/sv\/\",\"name\":\"ViaCon Group\",\"description\":\"Viacon Group \u2013 Constructing connections. Consciously.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/viacongroup.se\/sv\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"sv-SE\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"ViaCon\u2019s Interim Report January \u2013 June 2023 - ViaCon Group","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:\/\/viacongroup.se\/sv\/mfn_news\/viacons-interim-report-january-june-2023\/","og_locale":"sv_SE","og_type":"article","og_title":"ViaCon\u2019s Interim Report January \u2013 June 2023 - ViaCon Group","og_description":"Efficiency work accelerated, after a quarter affected by delays in customers\u2019 financing solutions in connection with infrastructure projects. SECOND QUARTER Net sales amounted to EUR 50,075 thousand (61,091), a decrease of 18.0% compared with the corresponding period last year. Organic...","og_url":"https:\/\/viacongroup.se\/sv\/mfn_news\/viacons-interim-report-january-june-2023\/","og_site_name":"ViaCon Group","article_modified_time":"2026-01-29T08:05:33+00:00","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/viacongroup.se\/sv\/mfn_news\/viacons-interim-report-january-june-2023\/","url":"https:\/\/viacongroup.se\/sv\/mfn_news\/viacons-interim-report-january-june-2023\/","name":"ViaCon\u2019s Interim Report January \u2013 June 2023 - ViaCon Group","isPartOf":{"@id":"https:\/\/viacongroup.se\/sv\/#website"},"datePublished":"2023-08-30T09:30:00+00:00","dateModified":"2026-01-29T08:05:33+00:00","breadcrumb":{"@id":"https:\/\/viacongroup.se\/sv\/mfn_news\/viacons-interim-report-january-june-2023\/#breadcrumb"},"inLanguage":"sv-SE","potentialAction":[{"@type":"ReadAction","target":["https:\/\/viacongroup.se\/sv\/mfn_news\/viacons-interim-report-january-june-2023\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/viacongroup.se\/sv\/mfn_news\/viacons-interim-report-january-june-2023\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/viacongroup.se\/sv\/"},{"@type":"ListItem","position":2,"name":"MFN News Items","item":"https:\/\/viacongroup.se\/sv\/mfn_news\/"},{"@type":"ListItem","position":3,"name":"ViaCon\u2019s Interim Report January \u2013 June 2023"}]},{"@type":"WebSite","@id":"https:\/\/viacongroup.se\/sv\/#website","url":"https:\/\/viacongroup.se\/sv\/","name":"ViaCon Group","description":"Viacon Group \u2013 Constructing connections. Consciously.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/viacongroup.se\/sv\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"sv-SE"}]}},"_links":{"self":[{"href":"https:\/\/viacongroup.se\/sv\/wp-json\/wp\/v2\/mfn_news\/2615","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/viacongroup.se\/sv\/wp-json\/wp\/v2\/mfn_news"}],"about":[{"href":"https:\/\/viacongroup.se\/sv\/wp-json\/wp\/v2\/types\/mfn_news"}],"wp:attachment":[{"href":"https:\/\/viacongroup.se\/sv\/wp-json\/wp\/v2\/media?parent=2615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}