Triona (TRIONA) Q3 2024 earnings summary

Executive summary

• Net sales for Q3 2024 were 58.7 MSEK, down 0.7 MSEK year-over-year, with product-related revenue declining and service revenue increasing.

• EBITA for Q3 was 6.9 MSEK, 2.6 MSEK lower than last year; all country operations contributed positively to profitability.

• Order intake in Q3 was significantly higher than the same period last year, with several major contract extensions and new wins.

• Customer satisfaction improved, with CSI rising from 83 to 87 out of 100.

Financial highlights

• Q3 2024 net sales: 58.7 MSEK (Q3 2023: 59.5 MSEK); EBITA: 6.9 MSEK (9.4 MSEK); EBIT: 4.6 MSEK (7.1 MSEK).

• EBITA margin Q3: 11.7% (15.8%); EBIT margin: 7.8% (12.0%).

• Cash flow from operations Q3: -0.1 MSEK, an improvement of 7.3 MSEK year-over-year due to positive working capital changes.

• Nine-month net sales: 196.3 MSEK (194.9 MSEK); EBITA: 12.0 MSEK (18.9 MSEK); EBIT: 5.2 MSEK (12.1 MSEK).

• Cash flow from operations for Jan–Sep: 10.4 MSEK (5.1 MSEK); liquidity at period end: 22.4 MSEK.

Outlook and guidance

• Order intake remains strong, with several multi-year contracts secured in Q3.

• SaaS version of C7 Projects expected to drive future recurring license revenue.