BoMill (BOMILL) Q3 2024 earnings summary

Executive summary

• Achieved strong commercial momentum with new orders from industry leaders in Europe and Mexico, including AB InBev, a German flour mill, and Grupo Trimex.

• Upgraded installation at Lantmännen Lantbruk in Sweden, increasing sorting capacity to 15 tons/hour and adding new features.

• Technology adoption validated by repeat and new customers, supporting growth strategy and market expansion.

Financial highlights

• Q3 2024 net sales reached KSEK 3,431, up from KSEK 0 in Q3 2023; nine-month net sales were KSEK 15,097, up from KSEK 5,371 year-over-year.

• Net income after financial items for Q3 2024 was KSEK -2,820, an improvement from KSEK -5,298 in Q3 2023; nine-month net income was KSEK -9,133, up from KSEK -13,439.

• Cash flow for Q3 2024 was KSEK -2,246, compared to KSEK -5,920 in Q3 2023; cash and cash equivalents at period end were KSEK 15,223.

• Orders received during the nine months totaled approximately MSEK 16.6, up from MSEK 4.2 year-over-year.

• Investments in intangible assets (patents) for Q3 2024 were KSEK 55, down from KSEK 255 in Q3 2023.

Outlook and guidance

• Continued focus on commercial execution and customer collaboration to drive growth.

• Ongoing discussions with AB InBev for potential expansion to additional sites.

• Management remains committed to leveraging technology to address industry challenges and maximize grain value.