Q2 2024 Probi AB Earnings Call Transcript
Key Points
- Probi AB (OSTO:PROB) reported a 25% increase in net sales for Q2 2024 compared to the same quarter last year.
- The EBITDA margin for Q2 2024 was 19%, a significant improvement from the previous year's 9%.
- The company launched its first-ever China Innovation Day, generating considerable interest among customers in China.
- Probi AB (OSTO:PROB) entered a partnership with Bower to incentivize recycling of consumer packaging in the Nordic markets.
- The Probi Sensia product received further validation through a fourth study focused on gut-brain health in older adults.
- APAC sales were adversely impacted by reduced cross-border business sales into China.
- The gross profit margin in America was affected by added resources in operations, impacting overall profitability.
- Despite positive initial results, the optimization and manufacturing improvements are not expected to show notable impact until the end of 2024 at the earliest.
- The company is still in a transition period, working on implementing essential changes and improvements for long-term strength.
- Sales in Q1 2024 were relatively weak, affecting the overall performance for the first half of the year.
Welcome, and thank you for dialing in to Probi's presentation of our quarter-two results for 2024. With me, I have Per Lindblad, the CFO of Probi. And my name is Anita Johansen, and I'm the CEO of Probi. Please take a few moments to familiarize yourself, and this is the agenda of our presentation today.
Here are the highlights of the quarter two which was a busy quarter marked by significant progress. The net sales was SEK179 million which was a 25% increase versus the same quarter last year. Net sales in the first half of the year are in line with our expectations. The EBITDA margin of the second quarter was 19%, which is 10 percent points up versus second quarter last year. In May, the Annual General Meeting decided on a SEK1.30 per share dividend.
As impact to our business operations, the quarter was busy. We continue to streamline and adapt the organization to facilitate growth and profitability. Our Matas partnership went live, making Probi's consumer products available in
| 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 investorsā 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
