Q2 2024 Mentice AB Earnings Call Transcript
Key Points
- Net sales increased by 36% compared to the same quarter last year.
- Achieved the highest EBITDA amount in a single quarter with SEK24.5 million, a 129% increase from last year.
- Positive operational cash flow and net income for the quarter of SEK17 million.
- Strong performance in the APAC region with net sales of almost SEK26 million, a 274% increase versus Q2 2023.
- Positive feedback from industry participation in significant congresses, reinforcing market leadership.
- Order intake for the quarter decreased by 8% compared to last year's quarter.
- Order book decreased by 9% compared to the end of Q2 last year.
- Americas and EMEA regions are still slightly behind in performance.
- Increased costs, with other external costs rising by SEK4 million compared to the second quarter last year.
- Personnel costs amounted to SEK41.9 million, with additional costs for consultants filling vacant positions.
Hi, and welcome, everyone. Mentice recently released their Q2 2024 report. And today, I have the pleasure of introducing the company's CEO, Göran Malmberg; and CFO, Ulrika Drotz Voksepp, who will present the report before we go onto Q&A session.
(Event Instructions) Without further ado, Göran and Ulrika, please take it away.
Thank you, Christian. So I'll jump right in to the presentation. So I'm going to start with some remarks and then Ulrika you can go into the details and then we will after my concluding remarks, we will have some questions from Christian.
So first, I mean, it's a pleasure to present the second quarter, really strong top line, net sales 36% above last year. And as you know that have following us said, we had a slower start in the year. So it's a good recovery for the first half year. And consequently, with the high net sales in the quarter, we also generated the highest EBITDA amount in a single quarter with
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