Nilorngruppen AB Class B ( (NLLGF) ) has released its Q4 earnings. Here is a breakdown of the information Nilorngruppen AB Class B presented to its investors.
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Nilörngruppen AB is a global leader in branding and design, providing innovative label, packaging, and accessory solutions primarily for the fashion and apparel industry.
In its latest earnings report for 2024, Nilörngruppen AB posted significant growth with a 14% increase in net sales during the fourth quarter compared to the previous year, reaching MSEK 232. The company also reported a substantial rise in operating profit, which more than doubled to MSEK 19.5, and a net profit increase to MSEK 13.8.
Key financial highlights for the fiscal year included a 9% increase in net sales to MSEK 945 and a 13% increase in order intake. The company’s operating profit rose to MSEK 82.9, with an improved operating margin of 8.8%. In addition, the board proposed a dividend increase to SEK 1.50 per share and announced strategic investments in new production facilities in Bangladesh and capacity expansion in Portugal.
Looking ahead, Nilörngruppen AB remains well-positioned to tackle market challenges in 2025. The company plans to continue investing in growth opportunities and strengthening its presence in key markets like the USA, while also enhancing its digital platform to meet evolving customer demands.