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Guideline Geo (GGEO) Q2 2024 earnings summary

Event summary combining transcript, slides, and related documents.

Logotype for Guideline Geo

Q2 2024 earnings summary

23 Jan, 2026

Executive summary

  • Q2 net sales rose 21% year-over-year to 51.7 MSEK, with all regions contributing to growth.

  • Order intake increased 10% to over 50 MSEK, including a significant 8 MSEK order from Tanzania's Ministry of Water.

  • The water sector and ABEM brand, especially the Terrameter LS 2, drove growth.

  • All regions (Americas up 26%, APAC 24%, EMEA 14%) contributed to sales growth.

  • EU granted 11 MSEK for the GeoHEAT geothermal research project, supporting innovation.

Financial highlights

  • Q2 net sales: 51.7 MSEK (42.8 MSEK), up 21% year-over-year.

  • Q2 EBITDA: 6.3 MSEK (12% margin), up from 4.6 MSEK last year.

  • Q2 EBIT: 2.3 MSEK (4.5% margin), similar to last year.

  • Q2 net cash flow: -12.3 MSEK, compared to -7.5 MSEK last year.

  • Operating cash flow was negative, impacted by higher inventory and investments.

Outlook and guidance

  • No immediate liquidity concerns, with 11.6 MSEK net cash and 13 MSEK unused credit facility.

  • Measures to improve forecasting and inventory management are underway.

  • Seasonal cash flow impact expected to normalize in Q3.

  • Demand for groundwater and soil investigation solutions remains strong globally.

  • Construction and infrastructure sectors remain unstable, causing uncertainty for some product lines.

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