Profilgruppen (PROF) Q3 2024 earnings summary

Executive summary

• Q3 2024 turnover was MSEK 506.6, down 5% year-over-year, with operating profit at MSEK 33.7 and margin at 6.7%.

• Nine-month turnover fell 10% to MSEK 1,692.3, with operating profit at MSEK 132.2 and margin at 7.8%.

• CEO notes margin deterioration in Q3, attributing half to temporary effects and half to a tougher market.

Financial highlights

• Q3 adjusted operating profit* was MSEK 24.0 (4.7% margin), down from MSEK 42.2 (7.9%) year-over-year.

• Q3 earnings per share* SEK 1.29, down from SEK 3.82; accounting EPS SEK 2.25 (3.38).

• Nine-month adjusted operating profit* MSEK 124.8 (7.4% margin), up from MSEK 112.0 (5.9%).

• Nine-month EPS* SEK 10.65 (10.59); accounting EPS SEK 11.00 (10.58).

• Cash flow from operations for nine months MSEK 141.8 (154.3) before pandemic deferral repayments.

Outlook and guidance

• No formal forecast provided; company maintains flexibility due to market uncertainty.

• Long-term goal to increase margins remains unchanged.