Elecster (ELEAV) Q3 2024 earnings summary

Executive summary

• Revenue for January–September 2024 was €25.9M, up 0.6% year-over-year; Q3 revenue declined 9.3% to €7.4M compared to Q3 2023.

• Operating profit for the nine months was €2.1M (8.1% margin), down from €2.4M; Q3 operating profit was €0.5M, halved from €1.0M last year.

• Earnings per share for the nine months rose to €0.38 from €0.06; Q3 EPS was €0.03, down from €0.11.

• Net profit for the nine months was €1.4M, up from €0.2M year-over-year.

Financial highlights

• Pre-tax profit for January–September was €2.2M, more than double the €1.0M from the prior year.

• Equity ratio improved to 56.1% from 49.8% year-over-year.

• Net gearing was 29.2%, slightly lower than 31.1% a year ago.

• Cash flow from operations was €0.9M, down from €2.3M in the prior year.

• Gross investments totaled €0.2M, down from €0.6M.

Outlook and guidance

• Full-year revenue expected to remain stable or grow, with EPS improving versus 2023.

• Order backlog for dairy machinery expected to increase in the near term; Q4 packaging material volumes anticipated to remain below prior-year levels.