Actic Group (ATIC) Q3 2024 earnings summary

Executive summary

• Net sales for Q3 2024 increased 0.2% to SEK 164.6m despite operating nine fewer facilities year-over-year, reflecting strong cost control and portfolio optimization.

• EBITDA (excluding IFRS16) was SEK 16.3m, down 10% year-over-year, but up 12% when excluding last year's one-off Covid voucher reversal.

• Net result for Q3 improved to -1.1 MSEK from -2.7 MSEK; EPS was 0.00 SEK.

• Average members per site increased by 4% year-over-year, indicating successful portfolio optimization.

• Portfolio optimization and price adjustments drove improved profitability per facility.

Financial highlights

• Q3 2024 net sales were SEK 164.6m, up from SEK 164.3m in Q3 2023.

• EBITDA (excluding IFRS16) was SEK 16.3m; margin 9.9% versus 11.1% last year.

• EBIT for Q3 2024 was SEK 12.1m, compared to SEK 12.8m in Q3 2023.

• YTD EBITDA: 160.0 MSEK (149.2 MSEK); margin 31.2% (29.4%).

• Net result YTD: -5.0 MSEK (-19.1 MSEK); EPS YTD: -0.20 SEK (-0.85 SEK).

Outlook and guidance

• Continued focus on cost control, portfolio optimization, and price strategy to drive profitability.

• Expansion planned with new facilities in Uppsala and Tullinge in Q1 2025.

• Strategic direction emphasizes municipal partnerships and full-service offerings.