aktsiaselts Linda Nektar (LINDA) H1 2024 earnings summary

Executive summary

• H1 2024 revenue was EUR 1.4m, down 2.4% year-over-year, with a net loss of EUR 36,798 compared to a net profit of EUR 39,898 in H1 2023.

• Revenue decline and higher raw material costs drove the loss, in line with management estimates.

• Cash flow from operations was positive at EUR 161,810, but lower than EUR 220,457 in H1 2023.

• Capex decreased to EUR 58k from EUR 202k, reflecting project completions.

• A EUR 95k non-EU sale marked progress in diversifying revenue streams.

Financial highlights

• Revenue: EUR 1,401,531 (H1 2023: EUR 1,436,642), down 2.4% year-over-year.

• Net loss: EUR 36,798 (H1 2023: net profit EUR 39,898).

• Total assets: EUR 3,601,265, down 9.0% year-over-year.

• Cash and cash equivalents: EUR 313,303 (H1 2023: EUR 319,198).

• Operating cash flow: EUR 161,810 (H1 2023: EUR 220,457).

Outlook and guidance

• Management reiterates conservative 2024 revenue guidance of EUR 2.5m, expecting a flat outcome versus 2023.