Pieno Zvaigzdes (PZV1) Q3 2024 earnings summary

Executive summary

• Revenue for the nine months ended September 30, 2024, reached €159.2 million, up from €153.0 million year-over-year.

• Net profit for the period was €11.5 million, compared to €12.6 million in the same period last year.

• Earnings per share for the nine months were €0.25, down from €0.28 year-over-year.

Financial highlights

• Gross profit for the nine months was €40.1 million, up from €39.0 million year-over-year.

• EBITDA for the nine months was €16.7 million, compared to €18.2 million in the prior year.

• Cash and cash equivalents increased to €2.4 million as of September 30, 2024, from €1.6 million at year-end 2023.

• Total assets grew to €77.5 million from €71.5 million at the end of 2023.

• Net cash flow from operating activities was €12.7 million for the nine months, compared to €19.8 million in the prior year.

Outlook and guidance

• No significant post-balance sheet events were reported, and the company continues to focus on its core dairy business.