Rejlers (REJL-B) Q3 2024 earnings summary

Executive summary

• Net sales rose 7.1% year-over-year in Q3 to SEK 970.5 million, with organic growth at 6.4%.

• EBITA reached a record SEK 67.6 million, up 23% year-over-year, with a margin of 7.0%.

• Net profit after tax increased to SEK 27.8 million in Q3 and SEK 139.3 million for the nine-month period.

• Strong order book and positive earnings trend, with strategic focus on energy transition and infrastructure.

• Management change in Norway to address weak profitability.

Financial highlights

• Q3 net sales: SEK 970.5 million (up 7.1% year-over-year); nine-month net sales: SEK 3,207.4 million (up 8.5%).

• Q3 EBITA: SEK 67.6 million (margin 7.0%); nine-month EBITA: SEK 248.9 million (margin 7.8%).

• Q3 net profit after tax: SEK 27.8 million; nine-month net profit: SEK 139.3 million.

• Earnings per share before/after dilution: Q3 SEK 1.26; nine-month SEK 6.30.

• Cash flow from operating activities for nine months: SEK 212.1 million.

Outlook and guidance

• Order book remains strong; economic environment rated 7/10, with more robust recovery expected in H1 2025.

• Focus on organic growth and targeted acquisitions, especially in the green transition sector.

• Updated strategy and goals to be presented at the 2025 AGM, with a vision toward 2030.