Q2 2024 R Stahl AG Earnings Call Transcript
Key Points
- Stable order intake at EUR88.5 million, only slightly below last year's EUR89.3 million.
- Sales grew year-on-year by 16.4% to EUR89.3 million.
- EBITDA increased by 26% to EUR10.9 million, resulting in a margin of 12.2%.
- Net profit nearly doubled from EUR1.9 million to EUR3.7 million, with earnings per share also doubling to EUR0.57.
- Strong regional growth, particularly in the Central region (18.4%) and Americas (45%).
- Negative free cash flow of minus EUR2.7 million due to further buildup of working capital.
- Increase in personnel costs driven by staff expansion and wage increases, with more wage increases expected in the coming year.
- Other operating expenses increased, mainly due to one-time expenses for the EXcelerate project.
- Financial results worsened from minus EUR0.8 million to minus EUR1.9 million, mainly due to the discontinuation of the Russian business.
- Net debt level at EUR48 million, which the company aims to reduce in the second half of the year.
Ladies and gentlemen, welcome also from my side, and thank you for joining our today's conference call. Our prepared slides are available under the Investor Relations section of our website, www.r-stahl.com.
Shortly after we will have finished this call, a replay of the entire conference will be provided for download at the same place. Please be aware of our disclaimer statement, which you'll find at the beginning of the slide deck.
And now I will pass on to Dr. Mathias Hallmann, our Group's CEO, who will walk you through the presentation.
Thank you, Ms. Schäuble. Ladies and gentlemen, a very warm welcome to our Q2 2024 analysts and investors conference call.
From my side, as always, we start with a summary. Last quarter, we actually had, from my point of view, a
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