Prebona (PREBON) Q3 2024 earnings summary

Executive summary

• Q3 2024 saw a year-over-year increase in net sales to SEK 1,028,342, with improved cash flow but continued negative earnings after financial items.

• Nine-month net sales declined to SEK 4,555,177 from SEK 6,135,221 year-over-year, mainly due to lost surface protection sales and delayed launches.

• Sales momentum improved in Q3, with growing customer and reseller numbers and positive product launches in Asia and Europe.

• Strategic focus on sales and marketing is beginning to yield results, especially in AirCare and HealthCare segments.

Financial highlights

• Q3 net sales increased 34% year-over-year to SEK 1,028,342; nine-month sales fell 26% to SEK 4,555,177.

• Q3 result after financial items was SEK -2,149,871 (vs. -2,035,432); nine-month result was SEK -5,865,150 (vs. -4,092,196).

• Q3 operating cash flow improved to SEK -616,361 (from -2,182,658); nine-month operating cash flow was SEK -3,597,526 (vs. -2,762,103).

• Earnings per share for Q3 was SEK -0,07 (vs. -0,08); for nine months SEK -0,20 (vs. -0,16).

• Solid equity ratio of approximately 15% at end of September.

Outlook and guidance

• Sales are expected to increase in coming quarters due to ongoing sales activities and new product commercializations.

• Available liquidity and recent share issue are expected to finance operations for the next 12 months; further strategic initiatives may require additional funding.