Holdflight (HOLDFL) Q2 2024 earnings summary

Executive summary

• Net sales for Q2 2024 were 1.7 MSEK, unchanged from Q2 2023; H1 2024 net sales were 3.1 MSEK, slightly down from 3.2 MSEK in H1 2023.

• Operating result for Q2 2024 was -0.1 MSEK, down from 0.1 MSEK in Q2 2023; H1 2024 operating result was -0.3 MSEK, compared to 0.0 MSEK in H1 2023.

• Net result for Q2 2024 was -0.1 MSEK, a decrease from 0.1 MSEK in Q2 2023; H1 2024 net result was -0.3 MSEK, down from 0.0 MSEK in H1 2023.

• Result per share remained at 0.00 SEK for both Q2 and H1 2024.

Financial highlights

• Total revenues for Q2 2024 were 1.8 MSEK, unchanged from Q2 2023; H1 2024 total revenues were 3.4 MSEK, flat year-over-year.

• Personnel costs increased by 45 tkr in Q2 and 147 tkr in H1 compared to the same periods last year.

• Other external costs and goods for resale rose to 938 tkr in Q2 2024 from 806 tkr in Q2 2023.

• Cash and bank balances at period end were 2,460 tkr, down from 3,767 tkr a year earlier.

• Equity at June 30, 2024, was 5,578 tkr, up from 4,770 tkr at June 30, 2023.

Segment performance

• Parent company net sales for Q2 2024 were 0.1 MSEK, unchanged year-over-year; H1 2024 net sales were 0.2 MSEK, also unchanged.

• Parent company net result for Q2 and H1 2024 was 0.0 MSEK, flat year-over-year.