Storskogen Group B's Q2 2024 Financial Report: A Comparative Analysis
Storskogen Group B has released its financial report for the second quarter of 2024. This article delves into the latest figures, comparing them with previous reports to provide a comprehensive analysis of the company's performance.
Sammanfattning
Storskogen Group B's Q2 2024 report shows stable revenue and EBITA margins compared to the previous year, despite a slight decline in net sales and adjusted EBITA. The company emphasizes its focus on cash flow, organic profit growth, and profitability.
Storskogen Group B's Q2 2024 Financial Report: A Comparative Analysis
Storskogen Group B has released its financial report for the second quarter of 2024. The report highlights the company's performance in various key metrics, comparing them with the corresponding periods in 2023.
Key Performance Indicators (KPIs)
| KPI | Q2 2024 | Q2 2023 |
|---|---|---|
| Net Sales (SEK million) | 9,243 | 9,462 |
| Adjusted EBITA (SEK million) | 894 | 922 |
| Adjusted EBITA Margin (%) | 9.7 | 9.7 |
| Cash Conversion Rate (LTM) (%) | 101 | - |
Changes in KPIs
| KPI | Change |
|---|---|
| Net Sales (SEK million) | -2.3% |
| Adjusted EBITA (SEK million) | -3.0% |
| Adjusted EBITA Margin (%) | 0% |
| Cash Conversion Rate (LTM) (%) | N/A |
Conclusion
The Q2 2024 report indicates that Storskogen Group B has maintained its EBITA margin at 9.7%, identical to the previous year, despite a slight decline in net sales and adjusted EBITA. The company's focus on cash flow, organic profit growth, and profitability is evident from the 101% cash conversion rate. However, the slight decline in net sales and adjusted EBITA suggests that there are areas that require attention.
For investors, the stable EBITA margin and strong cash conversion rate are positive indicators. However, the slight decline in net sales and adjusted EBITA may raise concerns about the company's ability to grow organically in the current market conditions.
Overall Analysis
Based on the latest and previous reports, Storskogen Group B shows resilience in maintaining profitability and cash flow. The company’s strategy to focus on organic profit growth and reducing leverage ratio is crucial for its long-term stability. The consistent EBITA margin and strong cash conversion rate are promising signs, but the slight decline in key metrics like net sales and adjusted EBITA should be monitored closely.
Källa
Sammanfattning
In the second quarter, Storskogen reported net sales of SEK 9,243 million, compared to SEK 9,462 million in the same period last year. The adjusted EBITA was SEK 894 million, down from SEK 922 million, maintaining an EBITA margin of 9.7%. The company emphasized its focus on cash flow, organic profit growth, and profitability, achieving a cash conversion rate of 101% (LTM). CEO Christer Hansson indicated that consistent organic profit growth and reduced leverage will allow Storskogen to normalize and invest in both organic and acquired profit growth. The interim report for the second quarter of 2024 will be presented by CEO Christer Hansson and CFO Lena Glader on 15 August 2024 at 09:00 (CEST) via webcast and telephone conference. Details for participation and contact information for investor relations and media inquiries were provided. Storskogen, an international group listed on Nasdaq Stockholm, focuses on acquiring and developing market leaders with sustainable business models and has approximately 12,000 employees and net sales of SEK 35 billion (LTM).
