First six months 2024
* Net sales amounted to MSEK 6,771 (7,040), which corresponded to an organic
net sales reduction of five percent, excluding acquisitions and discontinued

    operations, and using unchanged exchange rates.
  * Adjusted EBITA amounted to MSEK 395 (427), which equaled an adjusted EBITA
    margin of 5.8 (6.1) percent.

* During the period, one-off items of MSEK -73 (-81) were charged to operating

    result. These mainly referred to structural measures in the USA and China,
    while the remainder related to acquisition costs and severance pay to the
    former CFO. The one-off items for the comparison period were mainly
    attributable to the historical errors earlier noticed in one of the Group's
    companies in the North America that were corrected in the first quarter of
    2023.
  * Adjusted net result amounted to MSEK 68 (156), corresponding to SEK 1.89
    (4.37) per share.
  * Operating cash flow adjusted for purchase prices for acquisitions increased
    to MSEK 1,157 (1,049). Operating cash flow including acquisitions amounted
    to MSEK 141 (1,049).
  * Cash conversion increased to 120 (117) percent, excluding purchase prices
    for acquisitions.
  * In February 2024, Elanders acquired almost 90 percent of the shares in the
    English company Bishopsgate Newco Ltd. During 2023, the company had net
    sales of MGBP 27 with very good profitability.

Second quarter 2024

  * Net sales increased to MSEK 3,503 (3,450), which corresponded to an organic
    net sales growth that was unchanged compared to the same period last year,
    excluding acquisitions and discontinued operations, and using unchanged
    exchange rates.
  * Adjusted EBITA increased to MSEK 215 (210), which equaled an adjusted EBITA
    margin of 6.1 (6.1) percent.

* During the period, one-off items of MSEK -47 (-14) were charged to operating

    result. These referred to structural measures in the USA and severance pay
    to the former CFO.
  * Adjusted net result amounted to MSEK 36 (79), corresponding to SEK 0.99
    (2.21) per share.
  * Operating cash flow adjusted for purchase prices for acquisitions amounted
    to MSEK 516 (536). Operating cash flow including acquisitions amounted to
    MSEK 20 (536).

* Cash conversion amounted to 103 (112) percent, excluding purchase prices for

    acquisitions.
  * In April 2024, Elanders acquired the remaining 20 percent of the shares in
    the American company Bergen Logistics for a purchase price of MUSD 47.
  * During the second half of the year, Elanders will establish its first
    contract logistics unit in Thailand for one of the Group's larger
    Electronics customers.

Further information can be found on Elanders' website www.elanders.com
(https://www.elanders.com) or requested via e-mail info@elanders.com
(mailto:info@elanders.com).
Questions concerning this report can be addressed to:
Magnus Nilsson
President and CEO
Phone: +46 31 750 07 50
Åsa Vilsson
CFO
Phone: +46 31 750 07 50
Elanders AB (publ)
(Company ID 556008-1621)
Flöjelbergsgatan 1 C
431 37 Mölndal, Sweden
Phone: +46 31 750 00 00
This information is information that Elanders AB is obliged to make public
pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The
information was submitted for publication, through the agency of the contact
persons set out above, at 07:30 CET on 12 July 2024.
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