Q3 2024 Alligo AB Earnings Call Transcript
Key Points
- Alligo AB (FRA:1MH) reported slight growth in Q3 2024, primarily driven by acquisitions.
- The company has successfully linked existing loans to sustainability targets, signaling a strong commitment to sustainability.
- Alligo AB (FRA:1MH) completed eight acquisitions in 2024, adding significant revenue, particularly in the welding segment.
- The company is investing in sales by hiring Nordic sales segment managers to drive growth in construction and industry sectors.
- Alligo AB (FRA:1MH) is focusing on technical sales, particularly in the welding sector, which has shown resilience and growth potential.
- The market remains weak, particularly impacting small and medium-sized businesses, leading to a decline in contribution margin.
- Adjusted EBITDA margin decreased from 9% to 6.4% due to weak demand and unfavorable customer mix.
- Organic growth in Finland and Sweden was negative, with a decline of 3% in Q3 2024.
- The company faced disruptions at its logistics center, affecting profitability.
- There is ongoing pressure on margins due to a shift in customer segments and size mix, particularly in Sweden and Norway.
Welcome to Alligo Q3 report 2024.
The presenters today will be our CFO Irene Wisenborn Bellander and myself Clein Ullenvik.
Those pictures are only two weeks old, I didn't think I could reach a new level of pale and gray, but I did obviously, but our CFO looks alive and well, it's a report, busy day and as always, we'll focus on the highlights and as per your request, the theme of today is welding. So Alligo we've had as you know, sometimes many slides describing the Alligo group and it's, they have become fewer and fewer and this time we only show one slide. So unfortunately, still a bit shy of SEK10 billion turnover, 2,400 employees, 215 stores, I think actually it is now.
And what is good is that we now have one concept brand per country by many other smaller companies within our group. But the main concept brands are tools in Norway and Finland and Sweden. So highlights the market is still weak, and we're still suffering a lot from our beloved, small and medium sized customers that we love a lot, they are
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