Gomero Group (GOMERO) Q3 2024 earnings summary

Executive summary

• Net sales for Q3 increased 3% year-over-year to 9,198 tkr, with a 22% increase to 35,253 tkr for the nine-month period.

• EBITDA for Q3 was -141 tkr, reflecting continued investments in sales and marketing; nine-month EBITDA improved to 1,818 tkr.

• EBIT for Q3 was -695 tkr; for the nine months, EBIT improved to 431 tkr from -690 tkr last year.

• Net result for Q3 was -537 tkr; for the nine months, net profit reached 488 tkr, up from -625 tkr.

• Strong order intake and ongoing digitalization projects, including a major rollout with Ellevio, are expected to positively impact growth and profitability.

Financial highlights

• Q3 EBITDA margin was -1.5% (4.2% last year); nine-month EBITDA margin improved to 5.2% (2.7%).

• Q3 EBIT margin was -7.6% (-1.3%); nine-month EBIT margin improved to 1.2% (-2.4%).

• Earnings per share for Q3 was -0.1 kr; for the nine months, 0.1 kr.

• Equity per share increased to 6.4 kr from 6.0 kr.

• Net cash at period end was 13,027 tkr, up from 8,342 tkr.

Outlook and guidance

• Management expects continued positive effects from investments in sales and digitalization, with growth and profitability anticipated to improve in the current year.

• No material impact is expected from geopolitical events in Ukraine and the Middle East at this time.