Sweden’s Nimbus Group posted sales of SEK338 million ($32 million) in the fourth quarter of 2022, a 25% increase compared with the prior-year quarter. Net sales for the year were SEK1.75 billion ($165.2 million), a 20% increase on a year-over-year basis.
“We increased our sales in Europe by 114% compared with the same quarter last year, and in other markets by 26%. The corresponding figures for full-year 2022 compared with full-year 2021 were 70% and 44%, respectively,” president and CEO Jan-Erik Lindstrom said in a statement.
Organic growth was 21.5% for the quarter and 18.5% for the year. The order book totaled $879 million, and earnings per share was SEK7.72 (0.73 cents).
