Precomp Solutions (PCOM) Q3 2024 earnings summary

Executive summary

• Net sales for January–September 2024 totaled 146.8 MSEK, down from 161.4 MSEK year-over-year.

• EBITDA for the period improved to 6.1 MSEK from 2.6 MSEK, and EBIT reached 3.0 MSEK versus -0.5 MSEK.

• Q3 sales were 39.6 MSEK, 7% lower than the same quarter last year, with EBIT at -0.5 MSEK, impacted by material deviations of -0.7 MSEK.

• Operational adjustments were made to align with lower demand, avoiding layoffs of permanent staff.

• Marketing and sales efforts intensified, including hiring a new sales manager and launching a new website.

Financial highlights

• Net sales for Q3 2024 were 39.6 MSEK, down from 42.8 MSEK in Q3 2023.

• EBITDA for Q3 was 0.5 MSEK, up from -1.2 MSEK; EBIT was -0.5 MSEK, up from -2.4 MSEK year-over-year.

• Cash flow from operating activities for January–September was 4.8 MSEK, compared to 5.2 MSEK last year.

• Solid equity ratio improved to 29% from 21% year-over-year.

• Result after financial items (EBT) for January–September was -0.1 MSEK, compared to -3.6 MSEK last year.

Outlook and guidance

• Sales forecasts for Q4 remain relatively low, with continued lower customer demand expected.

• Operational resources have been adjusted to match the lower activity level.