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Valoe (VALOE) investor relations material
Valoe Q2 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.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.
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