Decora (DCR) Q3 2024 earnings summary

Executive summary

• Net sales for the nine months ended 30 September 2024 reached PLN 447.8 million, up 1.9% year-over-year, with net profit at PLN 66.4 million, a 31.8% increase from the prior year period.

• EBITDA for the period was PLN 99.9 million, up from PLN 78.1 million year-over-year.

• The group maintained a strong equity position, with equity attributable to shareholders at PLN 338.1 million as of 30 September 2024.

Financial highlights

• Gross profit from sales increased to PLN 190.1 million from PLN 157.7 million year-over-year.

• Operating profit rose to PLN 82.6 million from PLN 64.9 million year-over-year.

• Net cash from operating activities was PLN 56.3 million, while net cash from investing and financing activities were outflows of PLN 17.4 million and PLN 42.8 million, respectively.

• Earnings per share for the period were PLN 6.30, up from PLN 4.78 year-over-year.

• Book value per share increased to PLN 32.06 from PLN 27.05 year-over-year.

Outlook and guidance

• Management highlights macroeconomic uncertainty, inflation, and currency volatility as key risks for Q4 2024 and 2025.

• No financial forecasts for 2024 were published.