Hunter Capital (HUNTER) Q3 2024 earnings summary

Executive summary

• Achieved strong Q3 results with net income of 4.3 MSEK and EPS of 1.21 SEK, driven by strategic execution and cost control.

• Year-to-date net income reached 10.8 MSEK and EPS 3.06 SEK, a significant turnaround from prior year losses.

• Focused on investments in technology and life science, supporting portfolio companies toward exits.

• Post-quarter, exited subsidiary Electronordic AB, streamlining operations and reducing costs.

Financial highlights

• Q3 net revenue: 1.2 MSEK (vs. 6.4 MSEK Q3 2023); nine months: 13.3 MSEK (vs. 11.6 MSEK 2023).

• Q3 EBITDA: 550 TSEK (442 TSEK Q3 2023); nine months: 53 TSEK (113 TSEK 2023).

• Q3 net income: 4.3 MSEK (334 TSEK Q3 2023); nine months: 10.8 MSEK (-501 TSEK 2023).

• Cash position at period end: 15.7 MSEK (805 TSEK 2023).

• Equity at period end: 28.5 MSEK (3.6 MSEK 2023).

Outlook and guidance

• Future reports will focus solely on Hunter Capital, excluding divested subsidiaries.

• Management aims to deploy generated cash into new investment opportunities.