Acenta Group (PADEL) Q3 23/24 earnings summary

Executive summary

• Net sales for Q3 23/24 (April–June 2024) were 30 tkr, down from 285 tkr year-over-year.

• EBIT for the quarter was -5,682 tkr, compared to -1,657 tkr in the same period last year.

• Result before tax for Q3 was -15,338 tkr, versus -1,855 tkr year-over-year.

• Result per share for the quarter was -0.12 SEK.

• Accumulated result for the nine months (Oct 2023–June 2024): net sales 267 tkr, EBIT -7,630 tkr, result before tax -43,850 tkr, EPS -0.35 SEK.

Financial highlights

• Net sales decreased sharply year-over-year for Q3 and the nine-month period.

• EBIT margin remained negative; EBIT for Q3 was -5,682 tkr.

• Result before tax for the nine-month period was -43,850 tkr.

• Cash flow from operations in Q3 was -566 tkr; period-end cash was 52 tkr.

• Equity at June 30, 2024, was -13,194 tkr, down from 2,143 tkr at March 30, 2024.

Outlook and guidance

• Ongoing efforts to secure the company's future via a reverse acquisition with Reltime AS or another party.

• Cost reduction measures implemented; remaining costs are mainly listing and audit-related.

• Continued reliance on shareholder loans to support liquidity.