Lane Capital (LANE) Q2 2024 earnings summary

Executive summary

• NetJobs Group reported a 9% year-over-year increase in Q2 2024 net sales to 5.0 MSEK, with EBITDA and EBIT margins exceeding 300% due to extraordinary items.

• The business was transferred to Trottholmen AB on June 28, 2024, and the board is considering strategic alternatives, including acquisitions or potential liquidation.

Financial highlights

• Q2 2024 net sales: 5.0 MSEK (4.6 MSEK in Q2 2023); H1 2024 net sales: 9.3 MSEK (9.4 MSEK in H1 2023).

• Q2 2024 EBITDA: 15.4 MSEK (4.0 MSEK); EBITDA margin: 306.1% (87.3%).

• Q2 2024 EBIT: 15.2 MSEK (3.9 MSEK); EBIT margin: 301.7% (84.4%).

• Q2 2024 net income: 13.6 MSEK (3.8 MSEK); EPS: 0.42 SEK (0.12 SEK).

• H1 2024 net income: 11.9 MSEK (2.9 MSEK); EPS: 0.37 SEK (0.09 SEK).

• Q2 2024 operating cash flow: 0.09 MSEK (4.3 MSEK); H1 2024: -1.2 MSEK (3.2 MSEK).

Outlook and guidance

• The board is conducting a strategic review, exploring acquisitions or, if unsuccessful, a proposal for liquidation and distribution of available funds to shareholders.