Q2 2024 Alligo AB Earnings Call Transcript
Key Points
- Revenue increased by 1.8% in the quarter, mainly due to a positive calendar effect from Easter.
- Seven acquisitions were made during the quarter, totaling SEK300 million in annual turnover.
- Cost reduction programs have saved around SEK100 million annually, primarily related to personnel expenses.
- The company has a solid financial position and plans to continue investing in organic growth and M&A opportunities.
- Positive signals from larger industrial customers in Finland, indicating potential higher production output in the autumn.
- Organic growth was negative at 3.2%, with Sweden and Finland showing significant declines.
- EBITDA decreased from SEK201 million to SEK166 million, with weaker results in all markets, especially Sweden.
- The EBITDA margin dropped from 8.4% to 6.8%, driven by weaker demand and margin pressure.
- Continued weak market conditions, particularly affecting small and medium-sized customers in the construction sector.
- Extra costs and delivery disturbances related to the consolidation of warehouses in Norway.
Okay, everybody. Welcome to Alligo Q2 report 2024. As always, presenters today is Irene Wisenborn Bellander, our CFO, and myself, Clein.
We many times say that it feels that time flies so quickly that we do not do much more than I have in the quarterly presentation. It's starting to feel that we'd like time to fly even faster into a time when market is picking up quicker than we can see today. So sometimes, you like the time to fly a little bit faster.
We made jokes early that we could present any of the old quarterly reports because the situation is very much the same. The market is still slow. We are taking actions on whatever we can take actions. We are running cost reduction programs. We reduced some SEK100 million effect so far. We are running capital reduction programs. We are maintaining our margins. We are running all different types of sales initiatives. So we could have taken more or less any of the last two, three, four quarterly reports and the story would have been the same, more or less.
We have one
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