Q2 2024 Studsvik AB Earnings Call Transcript
Key Points
- Studsvik AB (FRA:SUD) reported higher sales, operating profit, and margins compared to the same period in 2023.
- The acquisition of Extrem Borr och SĆ„gteknik is expected to positively impact earnings and complements Studsvik's decommissioning services.
- The inDRUM demonstration facility is a significant investment that has led to a partnership agreement with Uniper, enhancing Studsvik's waste management technology offerings.
- Studsvik's participation in international forums and conferences strengthens its position and supports new nuclear initiatives.
- The SCIP and SMILE projects have gained international recognition and expanded membership, highlighting Studsvik's role in reactor technology and safety development.
- Free cash flow for the half year is negative at SEK40.9 million, primarily due to higher investment levels and increased capital tied up in customer projects.
- Higher replacement investments in the fuels and material technology business area have negatively impacted cash flow.
- Delays in regulatory permits for fuel transport in Europe have affected production output and delivery schedules.
- Customer delays connected to license agreements have postponed engineering services in the waste management technology business area.
- The need to onboard new personnel in the German market to support growth in the decommissioning area indicates a resource constraint.
Thank you. Ladies and gentlemen, welcome to the Studsvik's Interim Report for the Second Quarter and Half Year 2024. My name is Camilla Hoflund, the CEO of Studsvik. And today, I'm very happy to introduce our new CFO, Peter Teske, that is with me on the call.
We will present the results and focus areas for the Studsvik Group, and as the operator mentioned, you are welcome to ask questions at the end of the session. Please note that you can either call in or use the chat function.
Studsvik are providing technology services on the international markets for the nuclear industry. We support with our expertise, experience and valuable offerings throughout the whole reactor life cycle from new build to operation, decommissioning and final storage. We offer specific specialized solutions based on our knowledge for decades.
The nuclear power is on the global agenda. There are strong drivers for nuclear energy, such as the climate change, geopolitical situation, and future increased capacity needs for energy. It has never been so
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