H100 Group (H100) H2 23/24 earnings summary

Executive summary

• Net sales for the year were SEK 1,510,872, down from SEK 2,445,578 year-over-year, reflecting lower trading activity and no major portfolio exits.

• EBIT loss widened to SEK -6,024,229 from SEK -3,636,455, mainly due to realized losses in the securities portfolio.

• Result after financial items was SEK -9,767,786, compared to SEK -5,885,452, impacted by SEK -3,762,894 in unrealized write-downs.

• Substantial portfolio revaluations: Hello There Games written down by SEK 5.6m, Evendo Ltd written up by SEK 3.3m.

• CEO contract terminated in April 2024; strategic review ongoing to optimize shareholder value.

Financial highlights

• Net sales for H2 were SEK 881,659, up from SEK 606,373 year-over-year.

• EBIT for H2 was SEK -4,024,383, compared to SEK -2,128,009 year-over-year.

• Result per share for the year was SEK -0.52, down from SEK -0.317 year-over-year.

• Equity at period end was SEK 25,722,967, down from SEK 35,497,097.

• Cash and cash equivalents at year-end were SEK 843,452, compared to SEK 2,593,629 last year.

Outlook and guidance

• No forward-looking guidance or forecasts provided.

• Board intends to propose no dividend at the August 2024 AGM.