Q2 2024 BICO Group AB Earnings Call Transcript
Key Points
- BICO Group AB (CLLKF) delivered stable sales levels in a volatile market environment, with sales of SEK534 million.
- All business areas were profitable in Q2, reporting a total adjusted EBITDA of SEK46 million, generating a margin of 9%.
- The gross margin for the quarter improved to 52% compared to 46% in the same quarter last year.
- The company has made strategic additions to the executive management team, including a new Chief HR Officer and Chief Commercial Officer.
- BICO Group AB (CLLKF) has successfully implemented actions to improve working capital, resulting in levels now in line with industry peers.
- Organic growth was negative 2%, indicating a decline in underlying business performance.
- The net loss for the quarter amounted to negative SEK79 million.
- Sales in Asia, particularly China, experienced a significant drop due to lower demand.
- Cash flow from operating activities was negative SEK51 million, with a total cash flow of negative SEK101 million for the quarter.
- Bioprinting segment reported weaker sales with an organic growth of negative 12%.
Hello, and a warm welcome to everyone for joining BICO's earnings call for quarter two 2024. My name is Maria Forss, and I'm the President and CEO of BICO, and together with our CFO, Jacob Thordenberg, I will present our report and let's begin with today's agenda.
Our agenda today is divided into five sections before the Q&A. We will give you a summary of the quarter and highlight significant events. We will also comment on the market developments and thereafter present BICO's financial performance for the quarter, as well as deep dives into the business areas' performance.
I will also comment upon the development of our strategic priorities. These sections will be in listening-only mode. After the presentation, we will invite you to our Q&A session, where you are welcome to participate. The financial hearing host will be back with further instructions.
Let's begin with summarizing the quarter. In quarter two, we delivered stable sales levels in line with our peers despite a volatile market environment. We
| 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... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
