IMHO Intermedia House (IMHO) Q3 2024 earnings summary

Executive summary

• Net sales increased by 82% to 7,165 kSEK in Q3 and by 72% to 18,110 kSEK for Jan–Sep 2024 compared to the same periods last year.

• EBITDA was negative at -321 kSEK in Q3 and -1,608 kSEK for Jan–Sep, reflecting weaker summer sales and higher costs from acquisitions.

• Net result for Q3 was -5,585 kSEK and for Jan–Sep -9,241 kSEK, significantly impacted by a 3,500 kSEK write-down due to the bankruptcy of Short Stories ApS.

• Major acquisitions included majority stakes in Script46 AB and Eleven Stories AB, expanding the media division.

• Cash flow from operations was -780 kSEK in Q3 and -1,057 kSEK for Jan–Sep; cash position at period end was 638 kSEK.

Financial highlights

• Gross sales for Q3: 7,165 kSEK (up from 3,942 kSEK); Jan–Sep: 18,110 kSEK (up from 10,557 kSEK).

• EBITDA margin for Jan–Sep was -8.9% (previous year: 6.7%).

• EBIT for Q3: -2,202 kSEK (Q3 2023: -1,045 kSEK); Jan–Sep: -7,137 kSEK (Jan–Sep 2023: -1,867 kSEK).

• Net result per share for Q3: -0.16 SEK (Q3 2023: -0.05 SEK); Jan–Sep: -0.27 SEK (Jan–Sep 2023: -0.26 SEK).

• Operating costs rose sharply due to business expansion and acquisitions.

Outlook and guidance

• Focus on integrating new acquisitions and building a strong Nordic presence, especially in Denmark.

• Continued pursuit of further acquisitions and organic growth to strengthen the publishing and media group.

• Securing adequate financing remains a top priority to support ongoing expansion and value creation.