Nodebis Applications (NODE) Q2 2024 earnings summary

Executive summary

• Net sales for Jan–Jun 2024 increased by 18% year-over-year to 29,129 tkr, with Q2 sales at 14,765 tkr, up from 12,832 tkr last year.

• Result before tax for Jan–Jun was 2,003 tkr, a turnaround from -332 tkr last year; Q2 result before tax was 2,018 tkr.

• EPS for Jan–Jun was 0.29 kr (vs. -0.21 kr), and for Q2 was 0.30 kr (vs. -0.12 kr).

• Dividend of 1 kr per share was decided, in line with policy.

• 60% of revenue comes from recurring contract income.

Financial highlights

• EBITDA for Jan–Jun was 1,299 tkr (1,192 tkr last year); Q2 EBITDA was 605 tkr (539 tkr last year).

• Operating result (EBIT) for Jan–Jun was -237 tkr (-143 tkr last year); Q2 EBIT was -179 tkr (-139 tkr last year).

• EBITDA margin for Jan–Jun was 4.5% (4.8% last year); Q2 margin was 4.1% (4.2% last year).

• Cash flow from operations for Jan–Jun was -403 tkr (3,488 tkr last year); Q2 was -1,653 tkr.

• Net cash at period end was 11,189 tkr (17,661 tkr last year).

Outlook and guidance

• Financial target of 110 MSEK in sales by end of 2026 with at least maintained dividend level remains.

• Focus on expanding digital services for decision support and resource optimization, with growth through both organic development and acquisitions.

• Positive customer signals for autumn and winter despite weak economic conditions affecting BIS and Ny Media.