Klimator (KLIMAT) Q2 2024 earnings summary

Executive summary

• Operating revenue grew 16% year-over-year in Q2 2024, reaching SEK 6,174K, with significant improvement in net loss and operating profit compared to Q2 2023.

• Focus on strategic deals, cost control, and a successful SEK 4M share issue to strengthen equity and support long-term growth.

• Winter maintenance remains the core business, with new contracts and product launches driving future potential.

Financial highlights

• Q2 2024 operating revenue: SEK 6,174K (Q2 2023: SEK 5,331K); H1 2024: SEK 14,876K (H1 2023: SEK 12,851K).

• Q2 2024 net income: SEK -2,971K (Q2 2023: SEK -6,273K); H1 2024: SEK -2,820K (H1 2023: SEK -12,099K).

• Q2 2024 EPS: SEK -0.09 (Q2 2023: SEK -0.21); H1 2024 EPS: SEK -0.09 (H1 2023: SEK -0.38).

• Cash flow from operating activities improved to SEK -1,893K in H1 2024 from SEK -13,485K in H1 2023.

• Cash and cash equivalents at end of Q2 2024: SEK 9,158K.

Outlook and guidance

• Emphasis on increasing revenues, cost control, and automation to drive profitability and efficiency.

• Entering a new phase focused on scaling sales and deliveries in existing markets.