Q2 2024 Sdiptech AB (publ) Earnings Call Transcript
Key Points
- Sdiptech AB (SDTHF) reported a strong organic sales growth of 9% excluding currency effects.
- The company achieved a total sales growth of 19%, reaching almost SEK1.4 billion in the quarter.
- Adjusted EBITDA increased by 13%, with SEK260 million in adjusted EBITDA for the quarter.
- Strong cash flow from operations, with almost SEK200 million generated, improving the company's financial position.
- The company has a diversified portfolio with no single business unit contributing more than 10% of total profit, reducing dependency on any one unit.
- The company's profit margin was lower than last year, at 18.7%, partly due to a sales mix shift and restructuring costs.
- The elevator business in Central Europe continues to face challenges, with a negative performance of minus SEK7 million in the quarter.
- Higher interest costs and taxes have led to a decrease in profit after tax and earnings per share compared to the same quarter last year.
- CapEx was higher than usual in the quarter, at 4.6% of sales, which may impact short-term cash flow.
- The company faces tough comparisons for Q3 due to strong performance in the same quarter last year, which may affect future growth metrics.
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Thank you, and welcome, everyone to this presentation of the PIX report for the second quarter. As already mentioned, it's myself being placed from here with our CFO sign-off materials that will guide you through the quarter and also a brief look ahead. But let's start with just some words about Staktek. In short, as most of you know, we are a technology group that are acquiring and developing companies that all work for a more sustainable, efficient and safe societies, much of that being built into infrastructure.
So that's also why we focus a lot on finding companies within the infrastructure sector, and that will support this future. And we have divided our business into two business areas, resource efficiency and Special Infrastructure Solutions and where we have three subsegments each, which you can see from this slide and what's common for all these six industrial segments that we believe that are sustainable drivers for growth and much because of that, we all want the more
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