Idun Industrier (IDUN) Q3 2024 earnings summary

Executive summary

• Organic net sales grew 2.5% and organic EBITA increased 10.6% in Q3 2024; EPS rose 19.6% year-over-year.

• Group gross and EBITA margins improved slightly; strong performance in Service & Maintenance segment.

• Directed share issue of SEK 200m completed to support selective investments in high-quality SMEs.

• Leadership change: CEO and COO exchanged roles as of September 1, 2024.

• Acquisition of Inter Agro Skog AB post-period, strengthening the Manufacturing segment.

Financial highlights

• Q3 net sales: SEK 498.6m (+2.5% y/y); organic growth 2.5%.

• Q3 EBITA: SEK 69.7m (+9.2% y/y); organic EBITA growth 10.6%.

• Q3 EBITDA: SEK 81.1m (+8.0% y/y); gross profit SEK 291.9m.

• Q3 EPS (adjusted for goodwill): SEK 2.9 (2.4); cash flow from operations: SEK 41.3m.

• Rolling 12M net sales: SEK 2,169.7m (+7.9% y/y); EBITA: SEK 303.2m (+7.2% y/y).

Outlook and guidance

• Management sees continued opportunities for acquisition-driven growth in niche markets.

• Focus remains on acquiring new and add-on companies and supporting organic development.

• Group maintains strong liquidity to support future investments despite macroeconomic uncertainty.