trending Market Intelligence /marketintelligence/en/news-insights/trending/Vx-4sPUH7f_aoS2rKTF0jw2 content esgSubNav
In This List

Allgon swings to loss in Q1


Global smart TV forecast return to growth in 2022, sustained through 2026

Case Study

Broad Environmental Data Guides an Insurer’s Journey to Net Zero


Broadcast deal market recap, Q2'22


Japan M&A By the Numbers: Q1 2022

Allgon swings to loss in Q1

Allgon AB (publ) said its normalized net income for the first quarter amounted to a loss of 9 Swedish öre per share, compared with 31 öre per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 1.6 million kronor, compared with income of 2.8 million kronor in the year-earlier period.

The normalized profit margin fell to negative 4.8% from 9.6% in the year-earlier period.

Total revenue increased 13.0% year over year to 32.8 million kronor from 29.0 million kronor, and total operating expenses rose 43.7% on an annual basis to 35.2 million kronor from 24.5 million kronor.

Reported net income came to a loss of 2.5 million kronor, or a loss of 15 öre per share, compared to income of 4.5 million kronor, or 50 öre per share, in the prior-year period.

As of May 4, US$1 was equivalent to 8.07 Swedish kronor.