Q2 2024 SP Group A/S Earnings Call Transcript
Key Points
- SP Group A/S (FRA:1PU2) reported an 8.4% increase in top-line revenue for the first half of 2024.
- EBITDA increased by 31.2% to DKK302 million, with an improved EBITDA margin of 20.3%.
- Profit before tax rose by 63% compared to the same period last year.
- The company has reduced its net interest-bearing debt by DKK107 million.
- A new share buyback program worth DKK40 million has been launched.
- The global economy remains fragile, with limited growth in Europe.
- Sales to Danish domestic customers declined by 8.2%.
- The automotive sector saw a significant slowdown, with sales down by 30%.
- High interest rates in 2023 negatively impacted the company's bottom line.
- The company has not made any acquisitions in 2023 and 2024 due to unattractive prices.
¸ -
Good afternoon and welcome. On behalf of Hans Christian Andersen Capital, I would like to welcome you to this presentation of the report from the first half of '24 and also show the second quarter of '24 from SP Group that was published Friday. My name is Rasmus Køjborg, and I have the pleasure of welcoming both departing CEO of SP Group, that's Frank Gad. We have the coming CEO of SP Group, Lars Bering; and we have the CFO of SP Group, Tilde Kejlhof.
They promise to take us through the numbers and highlights from the quarter and expectations going into the further part of 2024 and of course also answer questions. So welcome to you and also welcome to those of you who signed up for today's presentation. You can ask questions in the chat. You can either ask them in English or you can also do it in Danish, and we will help with the translation.
But with that, I'll leave the floor to the three of you.
- /
| 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 investors’ 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
