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Harm Reduction Group (NOHARM) investor relations material
Harm Reduction Group Q3 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Net sales for Q3 2024 were 30,491 KSEK, down from 45,641 KSEK year-over-year; EBITDA was -7,395 KSEK compared to 251 KSEK last year.
The company restructured into three divisions: Trade (B2B), Retail (B2C), and Venture Growth, aiming for clearer focus and improved performance.
B2B (Trade) segment showed positive development, while Retail faced challenges from increased competition and regulatory changes.
New CEO Petter Strömberg appointed in August; Aroma King Global became a major shareholder after a directed share issue.
Eurobrands Industries AB was divested during the quarter.
Financial highlights
Q3 2024 net sales: 30,491 KSEK (down from 45,641 KSEK year-over-year).
EBITDA: -7,395 KSEK (251 KSEK last year); EBIT: -12,416 KSEK (-4,114 KSEK last year).
Net result: -9,539 KSEK (-4,139 KSEK last year); EPS: -0.08 SEK (0.05 SEK last year).
Cash and cash equivalents at period end: 2,022 KSEK (2,760 KSEK last year).
Group nine-month net sales: 105,507 KSEK (127,063 KSEK last year); EBITDA: -18,791 KSEK (453 KSEK last year).
Outlook and guidance
Focus remains on optimizing operations, improving profitability, and building a stable foundation for future growth.
The company aims to strengthen its market position through division restructuring and cost control.
Continued efforts to grow both organically and via acquisitions.
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