Berner Industrier (BERNER) Q3 2024 earnings summary

Executive summary

• Net sales for the first nine months grew 1.1% year-over-year to SEK 715.4 million, with organic growth of 1.6% and a negative currency effect of 0.5 percentage points.

• EBITA declined 16.6% to SEK 44.9 million, with the margin falling to 6.2% from 7.6% year-over-year.

• Order intake decreased 12.0% to SEK 672.3 million, reflecting softer market conditions and fewer large orders.

• Energy & Environment continued profitable growth, while Technology & Distribution faced declines and organizational changes.

• Cash flow from operating activities improved 10% to SEK 63.0 million, supporting a strong balance sheet and future acquisition opportunities.

Financial highlights

• Q3 net sales were SEK 217.4 million, down 2.8% year-over-year; EBITA was SEK 14.9 million, down 32%.

• Earnings per share for the nine months were SEK 1.52, down from SEK 1.84 year-over-year.

• Cash flow for the period was SEK -10.7 million, compared to SEK 22.3 million last year, impacted by voluntary loan repayments.

• Net interest-bearing debt (excl. IFRS 16) reduced by 39.5% to SEK 58.3 million.

• Gross margin for the nine months was 38.4%, slightly lower than 39.7% last year.

Outlook and guidance

• Higher quotation activity in Q3 is seen as a prerequisite for future growth.

• The company remains focused on efficiency improvements and is prepared for acquisition opportunities.

• Ongoing organizational adjustments aim to support growth without harming operational capacity.