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Probi (PROB) investor relations material

Probi Q3 2024 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2024 earnings summary22 Oct, 2024

Executive summary

  • Q3 2024 net sales were SEK 144 million, down 7.9–8% year-over-year, with EBITDA margin improving to 20–20.1% due to operational efficiency gains and US production optimization.

  • Rebranding of B2C product line in the Nordics and new corporate identity for B2B are underway, with new product Probi Sense launched in the Nordics.

  • Research collaborations are advancing in cognitive health, including dementia risk reduction and new studies supporting HEAL9Ⓡ.

  • Successful completion of SMETA/SMITA 4-Pillar audit in US operations, reinforcing sustainability and ethical practices.

  • Operational improvements in US and global ERP system implementation are yielding results.

Financial highlights

  • Q3 net sales: SEK 143.7–144 million (down 7.9–8% year-over-year); organic growth down 5%.

  • EBITDA margin improved to 20–20.1% in Q3, up 2 percentage points year-over-year.

  • Net income for Q3 was SEK 3.6–4 million, down from SEK 6.4 million last year.

  • Operating cash flow for the nine-month period was SEK 85 million; Q3 cash flow from operations was SEK 62.1 million.

  • Cash and cash equivalents at period end were SEK 349–349.4 million.

Outlook and guidance

  • Full-year results are expected to align with 2023, with Q4 anticipated to benefit from new branding, product launches, and intensified campaigns in the Nordics.

  • Continued focus on internal transformation, operational improvements, and long-term growth, especially in APAC and US despite volatility.

  • B2C segment aims to leverage new branding in Q4; B2B shows good traction.

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Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
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Frequently asked questions

Probi probiotics is a leader in research, development, manufacturing and commercialization of functional ingredients on the probiotic market. Probi manufactures probiotics for health, pharmaceutical, and food companies.

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