Rejlers (REJL-B) Q2 2024 earnings summary

Executive summary

• Achieved record EBITA for Q2 2024 at SEK 83.0 million, with a margin of 7.3%, despite a slightly weaker market; net sales grew 7.8% to SEK 1,140.9 million, with 5.2% organic growth.

• First half 2024 net sales rose 9.1% year-over-year to SEK 2,236.9 million; EBITA increased to SEK 181.3 million, margin up to 8.1%.

• Net profit after tax for H1 2024 was SEK 111.5 million, up from SEK 96.2 million; EPS before dilution increased to SEK 5.04.

• Strong order book and increased requests for larger project commitments signal market optimism.

• Strategic focus on growth, sustainability, and project expansion, with updated goals to be set for 2030.

Financial highlights

• Q2 2024 EBITA: SEK 83.0 million (Q2 2023: SEK 70.5 million); EBITA margin: 7.3% (6.7%).

• Q2 2024 net sales: SEK 1,140.9 million (Q2 2023: SEK 1,058.2 million); organic growth 5.2%.

• H1 2024 EBITA: SEK 181.3 million (H1 2023: SEK 160.6 million); EBITA margin: 8.1% (7.8%).

• H1 2024 net profit after tax: SEK 111.5 million (H1 2023: SEK 96.2 million); EPS before dilution: SEK 5.04 (4.35).

• Cash flow from operations H1 2024: SEK 227.4 million (H1 2023: SEK 145.8 million).

Outlook and guidance

• Preparing for renewed organic growth as market conditions are expected to strengthen from autumn 2024 into 2025.

• Intensifying search for acquisitions after prioritizing a strong balance sheet.

• Strategic targets for 2018–2025 remain in focus, with new long-term goals to be presented in H1 2025.