Nilsson Special Vehicles AB ("Nilsson") hereby publishes its interim report for January - March 2024. The interim report is available via the attached document and on the company's website Below is a summary of the interim report.

CEO Fredrik Nilsson comments
"The first quarter of the year started with an improvement in the result, which amounted to SEK 235 thousand before tax compared to SEK -275 thousand last year, despite the fact that the number of vehicles delivered during the period decreased.

The order backlog as of March 31 amounted to 71 vehicles, which is significantly lower than last year. The decrease in the order backlog is mainly due to a low order intake for funeral cars. The company will participate in a number of funeral car fairs during the spring and there is a strong focus on increasing the order intake for funeral cars.

Since I took over as CEO of the company on March 1, the focus has been on cost efficiency. We have also begun digitizing production planning to further improve delivery precision and lead times. In addition, the company has started a project to automate parts of the production process by utilizing robots that will perform the heaviest production steps, which will increase production capacity and improve the working environment for our employees.

I look forward to continuing the work on streamlining, digitization and automation and that the company, with the help of a strengthened marketing and sales department, will increase order intake in the future."

January - March 2024

  • Order intake: 30 (48) cars, 53 407 (64 819) KSEK.
  • Order backlog: 71 (117) cars, SEK 115 207 (156 794) thousand.
  • Net sales amounted to KSEK 64 112 (62 700).
  • Operating profit before depreciation, EBITDA, amounted to SEK 1 371 (829) thousand.
  • Profit after tax amounted to SEK 235 (-275) thousand.
  • Cash flow from operating activities amounted to SEK -8 735 (4 712) thousand.
  • Earnings per share* amounted to SEK 0.05 (-0.06).
  • The equity/assets ratio as at March 31, 2024 was 9 (6) %.

* Earnings per share: Profit for the period divided by the number of shares. As of March 31, 2024, the total number of shares at
was 4,693,207 shares. The total number of shares for the corresponding period of the previous year (2023) was 4 693 207 shares.

Significant events in the first quarter of 2024

First quarter

  • Nilsson - through its Norwegian dealer - has won the award of seven Nilsson XC90 ambulances to Finnmarkssykehuset and is again delivering vehicles to Norway. The vehicles will be delivered in 2024.
  • Nilsson appoints Fabio Ishaq as acting CEO and strengthens its sales organization.

Significant events after the end of the period

No events to report