Tribox Group (TRIBO) Q3 2024 earnings summary

Executive summary

• Net sales for Q3 2024 were 28,530 TSEK, flat year-over-year; nine-month sales rose to 85,621 TSEK from 36,542 TSEK, driven by acquisitions.

• Elite Oil maintained strong growth; Tekat secured significant new orders in Africa and launched new gas turbine technology.

• Cost savings implemented, with full effect expected from October; investments made in personnel, capacity, and digitalization.

Financial highlights

• Q3 2024 EBIT was -1,593 TSEK (vs. -1,116 TSEK); net result -2,125 TSEK (vs. -1,502 TSEK); EPS -0.01 SEK (vs. -0.02 SEK).

• Nine-month EBIT improved to -4,712 TSEK (vs. -6,005 TSEK); net result -6,404 TSEK (vs. -6,687 TSEK); EPS -0.05 SEK (vs. -0.09 SEK).

• Operating cash flow for Q3 was 791 TSEK (vs. -4,370 TSEK); for nine months, -660 TSEK (vs. -12,212 TSEK).

• Cash at period end was 5,984 TSEK (vs. 3,617 TSEK).

Outlook and guidance

• Management expects long-term demand growth, with future improvements from higher sales, broader offerings, and more recurring revenue.

• No specific earnings or sales forecasts are provided.