Logotype for Valoe

Valoe (VALOE) investor relations material

Valoe has been delisted

Valoe Q2 2024 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Valoe
Q2 2024 earnings summary30 Sep, 2024

Executive summary

  • Net sales for January–June 2024 were €0.2 million, down 82% year-over-year; EBITDA was €-1.0 million and EBIT €-1.7 million, both improved from prior year.

  • Profit for the period was €-2.0 million, compared to €-3.2 million in H1 2023; equity ratio including capital loans was -47.6%.

  • Restructuring proceedings began in January 2024; a restructuring programme proposal was filed in June but not yet confirmed.

  • Trading in shares has been suspended since December 2023; company reported negative equity and notified the Finnish Trade Register.

  • Operations have been scaled back, with focus on key client relationships in automotive, electronics, and space industries.

Financial highlights

  • Q2 2024 net sales were €0.07 million, EBITDA €-0.5 million, and operating profit €-0.9 million, all improved from Q2 2023.

  • Cash flow from operations in H1 2024 was €-0.6 million, an improvement from €-2.0 million in H1 2023.

  • Liquid assets at end of June 2024 were €0.01 million; equity per share was €-3.6.

  • Research and development costs were €1.1 million, gross investments €7 thousand.

  • Personnel at period end was 42, down from 52 a year earlier.

Outlook and guidance

  • No market guidance for 2024 due to ongoing restructuring.

  • Continuation of operations is uncertain; securing financing is critical for survival.

  • If financing is secured, mass production agreements could be reached within six months.

Timeline for restructuring program confirmation?
Specifics on financing options nearing resolution?
How R&D halt impacts mass production timeline?
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.
Research faster. Power your platform.
Latest events from Valoe
    Your earnings 
season toolkit.
    Download
    Free on both iOS & Android.

    The essential earnings season companion

    The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

    Live calls and transcripts

    Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

    Find what you need faster

    Search for any keyword across all transcripts simultaneously.

    Easily store key findings

    Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

    Your watchlist. Your dashboard.

    Follow the companies that matter to you. Get a personalized feed with real-time updates.

    Be the first to know

    Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

    Consensus estimates

    Access analyst consensus estimates, valuation multiples, and revenue segments splits.

    All IR material in one place

    The easiest way to stay updated during earnings season.

    Global coverage

    All events from public companies. Live and recorded.

    Just click and listen

    No webcast links. No manual registrations.

    Research anytime, anywhere

    Built for professionals. Loved by everyone. Try our free mobile app.

    excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
    App-store-avatar.png play-store-avatar.png
    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.
    play-store-avatar
    Eferix Drawings Google Play
    This is genuinely one of the cleanest and fastest finance apps out there to track the market.
    App-store-avatar.png play-store-avatar.png
    anuj283App Store
    excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
    App-store-avatar.png play-store-avatar.png
    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.
    play-store-avatar
    Eferix Drawings Google Play
    This is genuinely one of the cleanest and fastest finance apps out there to track the market.
    App-store-avatar.png play-store-avatar.png
    anuj283App Store
    I can't remember the last time an app had such a positive impact on my investment process.
    x-avatar
    @ankurshah47_ x.com
    Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
    App-store-avatar.png play-store-avatar.png
    Amina0781App Store
    Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
    x-avatar
    @theshortbearx.com
    I can't remember the last time an app had such a positive impact on my investment process.
    x-avatar
    @ankurshah47_ x.com
    Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
    App-store-avatar.png play-store-avatar.png
    Amina0781App Store
    Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
    x-avatar
    @theshortbearx.com

    Frequently asked questions

    Explore our global coverage