Lundbergföretagen (LUND) Q3 2024 earnings summary

Executive summary

• Net asset value after deferred tax rose to SEK 147.5 billion (SEK 595/share) as of September 30, 2024, up from SEK 135.1 billion (SEK 545/share) at year-end 2023.

• Consolidated net sales for January–September 2024 were SEK 22,464 million, a slight increase from SEK 22,014 million year-over-year.

• Profit after financial items reached SEK 8,449 million (up from SEK 5,800 million), with profit after tax at SEK 7,501 million (up from SEK 5,223 million).

• Earnings per share attributable to parent shareholders increased to SEK 24.56 from SEK 16.03 year-over-year.

Financial highlights

• Operating profit for the period was SEK 8,855 million (SEK 6,122 million in 2023).

• Adjusted profit after financial items (excluding unrealized changes in value) was SEK 9,053 million (SEK 9,153 million in 2023).

• Net financial items resulted in an expense of SEK 406 million (SEK 322 million in 2023).

• Group shareholders’ equity increased to SEK 165,454 million (from SEK 160,332 million at year-end 2023).

• Interest-bearing net debt increased to SEK 19,242 million (from SEK 17,825 million at year-end 2023).

Outlook and guidance

• No explicit forward-looking guidance provided; management continues to focus on value creation through investments and portfolio management.