Transferator (TRAN) Q3 2024 earnings summary

Executive summary

• Q3 revenue increased to 11.2 Mkr from 10.4 Mkr year-over-year, but net result fell to -5.4 Mkr from -1.3 Mkr due to negative financial items and write-downs in Hedera Group.

• Nine-month revenue was 38.8 Mkr, slightly down from 39.7 Mkr, with net profit rising to 34.4 Mkr from 21.4 Mkr, mainly from additional earn-outs from ELKAB Studios AB sale.

• No significant new investments occurred during the quarter; external debt reduced by 13 Mkr through loan repayments.

Financial highlights

• Q3 EBITDA was -0.1 Mkr, down from 0.6 Mkr year-over-year; nine-month EBITDA was 2.1 Mkr, down from 3.2 Mkr.

• Q3 financial items were -3.7 Mkr, mainly due to unrealized write-downs in Hedera Group; nine-month financial items were 37.0 Mkr, up from 22.2 Mkr.

• Q3 net result was -5.4 Mkr; nine-month net result was 34.4 Mkr, up from 21.4 Mkr.

• Equity per share at period end was 0.49 kr, down from 0.55 kr year-over-year; dividend of 0.42 kr per share paid in June.

• Group solidity improved to 65.1% from 51.3% year-over-year.

Outlook and guidance

• Market remains cautious with high interest rates negatively impacting customer activity.

• Next financial reports scheduled for February and May 2025.