Mincon Group (MCON) Q3 2024 TU earnings summary

Executive summary

• Q3 2024 saw continued recovery in revenues and order books, especially in North American construction markets.

• EMEA construction and waterwell market recovery was slower, but two large APAC construction contracts were secured.

• Mining revenue remained steady, supporting confidence in H2 2024 earnings and revenue growth over H1.

Financial highlights

• Revenue and order book recovery from H1 continued into Q3, driven by North American construction growth.

• Inventory holdings were further reduced during the quarter.

Outlook and guidance

• Confident in achieving earnings and revenue growth in H2 2024 compared to H1 2024.

• Product development projects are progressing well, with positive short- and medium-term potential.