StoneBeach Group (SBG) Q3 2024 earnings summary

Executive summary

• Revenue for Q3 2024 increased 7% year-over-year to 1.5 MSEK, in line with expectations.

• EBITDA improved to 0.03 MSEK from -1.0 MSEK in Q3 2023, marking a positive shift.

• Operating result declined to -3.7 MSEK from -1.7 MSEK, mainly due to a write-down of subsidiary value.

• Strategic shift: focus moves from decentralized storage to consulting via StoneBeach AB for sustainable growth.

• Name change to StoneBeach Group AB and new board composition decided in November 2024.

Financial highlights

• Total revenue for the first nine months: 5.2 MSEK, up from 5.1 MSEK year-over-year.

• Result after financial items for Q3: -3.7 MSEK (Q3 2023: -1.7 MSEK); nine months: -5.3 MSEK (2023: -4.3 MSEK).

• Earnings per share for Q3: -0.09 SEK (Q3 2023: -0.04 SEK); nine months: -0.13 SEK.

• Balance sheet total at Q3 end: 5.5 MSEK, down from 13.1 MSEK a year earlier.

• Long-term liabilities reduced through regular loan amortization.

Outlook and guidance

• Strategic focus now on consulting and information management via StoneBeach AB.

• Additional cost-saving and efficiency measures implemented to support positive EBITDA development.

• Growth ambitions remain, but management notes that expansion will be gradual and focused on profitability.