Precomp Solutions (PCOM) Q2 2024 earnings summary

Executive summary

• Net sales for January–June 2024 were 107.2 MSEK, down from 118.6 MSEK year-over-year, with Q2 sales at 53.8 MSEK, a 5% decrease from last year but an improvement over Q1.

• EBITDA for H1 2024 increased to 5.6 MSEK (3.8), and EBIT rose to 3.5 MSEK (1.9), reflecting successful cost savings and efficiency measures.

• Cash flow from operating activities improved to 5.8 MSEK (4.6), and equity ratio strengthened to 29% (24%).

• No significant events occurred after the reporting period.

Financial highlights

• Q2 2024 net sales: 53.8 MSEK (56.6), EBITDA: 3.4 MSEK (2.7), EBIT: 2.3 MSEK (1.7).

• H1 2024 net sales: 107.2 MSEK (118.6), EBITDA: 5.6 MSEK (3.8), EBIT: 3.5 MSEK (1.9).

• Result after financial items for H1: 1.4 MSEK (–0.2); after tax: 1.5 MSEK (–0.2).

• Operating margin for H1: 3.3% (1.6%).

• Earnings per share for H1: 0.1 SEK (neg).

Outlook and guidance

• Customer demand showed a slight uptick in Q2, but Q4 levels remain below target.

• Continued focus on cost reductions, efficiency, and quality improvement.

• Ongoing marketing and sales initiatives, including recruitment for a new marketing and sales lead.