Aug 15, 2024 / 08:00AM GMT
Johnny Tsolis - Axactor ASA - Chief Executive Officer
Good morning and welcome to Axactor's second quarter presentation. Together with me, I have our CFO, Nina Mortensen, which will present the financials. The presentation will be divided into four parts. First, I will take you through the Q2 highlights, then Nina will go through the financial updates. Before I present an updated outlook. As always, we will round off with a Q&A session.
Let us move to slide 3 and have a look at the highlights for the second quarter. Gross revenue declined marginally year-over-year by 2%. And the main reasons for the negative development are still the macroeconomic environment, the debt relief initiatives from the government, and the relatively moderate investment levels we had in 2023.
However, cash EBITDA was up 3% year-over-year, reaching EUR61 million, which is one of the highest, if not even the highest level in a single quarter for Axactor. Strict cost control in all markets offset declining gross revenue and inflation. EBITDA ended at EUR30 million, down from EUR33 million last year, but still
Q2 2024 Axactor ASA Earnings Call Transcript
Aug 15, 2024
Already have an account? Log in
Get the full story
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent 
4.6 out of 5 
Trustpilot
Trustpilot
Survey
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
Follow Us
Disclaimers