Storskogen Group B: Q3 2024 Financial Performance Shows Resilience Amid Seasonal Weakness
Storskogen Group B has released its Q3 2024 financial report, reflecting a mixed performance amid seasonal challenges.
Sammanfattning
Storskogen Group B's Q3 2024 report reveals a slight decrease in net sales but improved EBITA margins compared to the previous year. The company continues to prioritize cash flow and organic growth.
Storskogen Group B: Q3 2024 Financial Performance Shows Resilience Amid Seasonal Weakness
Storskogen Group B has released its financial report for the third quarter of 2024, a period that traditionally experiences seasonal challenges across its business areas. Despite a slight decline in net sales, the company reported improvements in its EBITA margins, demonstrating resilience in a challenging market.
Key Performance Indicators
| KPI | Q3 2024 | Q3 2023 | Change (%) |
|---|---|---|---|
| Net Sales (SEK million) | 7,991 | 8,333 | -4.1% |
| Adjusted EBITA (SEK million) | 783 | 725 | 8.0% |
| EBITA Margin (%) | 9.8 | 8.7 | 1.1 pp |
| Cash Conversion Rate (%) | 99 | 99 | 0.0 pp |
Comparison with Previous Reports
Compared to the second quarter of 2024, when net sales were SEK 9,243 million with an EBITA margin of 9.7%, the third quarter shows a seasonal decline in sales but an improvement in profitability margins. The focus on cash flow and organic growth remains a priority, as evidenced by stable cash conversion rates.
Conclusion
For investors, the key takeaway from Storskogen's Q3 2024 report is the company's ability to maintain profitability margins despite a seasonal dip in sales. The improved EBITA margin indicates effective cost management and operational efficiency. Storskogen's strategic focus on organic growth and cash flow positions it well for future market conditions.
Källa
Sammanfattning
In the third quarter, which is typically weaker for Storskogen's three business areas, the company reported net sales of SEK 7,991 million, compared to SEK 8,333 million in the same period last year. The adjusted EBITA was SEK 783 million, up from SEK 725 million, with an adjusted EBITA margin of 9.8 percent, an increase from 8.7 percent. Storskogen is focusing on cash flow, organic profit growth, and profitability, achieving a cash conversion of 99 percent over the last twelve months, improved profitability, and marginally positive organic profit growth for the quarter. CEO Christer Hansson and CFO Lena Glader will present the interim report on November 7, 2024, at 09:00 CET, accessible via webcast or telephone conference. Storskogen, an international group listed on Nasdaq Stockholm, operates across trade, industry, and services, employing around 11,000 people with net sales of SEK 35 billion.
