Gomero Group (GOMERO) Q2 2024 earnings summary

Executive summary

• Net sales for Q2 2024 rose 31% year-over-year to 15,219 tkr, with EBITDA up 208% to 1,823 tkr and net income up to 1,261 tkr.

• Strong order intake, especially for SIPP solutions, with significant new orders from Ellevio and growth in both Sweden and Germany.

• Focus on digitalization of maintenance drives demand and positions the company as a key partner in energy sector transformation.

Financial highlights

• Q2 2024 net sales: 15,219 tkr (11,627 tkr in Q2 2023); H1 2024: 26,055 tkr (19,905 tkr in H1 2023).

• Q2 EBITDA: 1,823 tkr (591 tkr); Q2 EBIT: 1,410 tkr (106 tkr); Q2 net income: 1,261 tkr (122 tkr).

• H1 EBITDA: 1,959 tkr (399 tkr); H1 EBIT: 1,126 tkr (-570 tkr); H1 net income: 1,025 tkr (-562 tkr).

• Q2 EBITDA margin: 12.0% (5.1%); Q2 EBIT margin: 9.3% (0.9%).

• Net cash at period end: 16,376 tkr (12,072 tkr), equity ratio 68% (70%).

Outlook and guidance

• Continued strong demand for digital maintenance solutions in the energy sector, with digitalization seen as critical for meeting future industry requirements.

• No current impact from geopolitical events in Ukraine and the Middle East, but situation is monitored.