Bifogade filer
Prenumeration
Beskrivning
Land | Sverige |
---|---|
Lista | Mid Cap Stockholm |
Sektor | Hälsovård |
Industri | Medicinteknik |
BICO Group AB 559050–5052 (NASDAQ STOCKHOLM: BICO).
April-June 2024 (compared with April-June 2023)
- Net sales amounted to SEK 534.0m (537.0) which corresponds to a decrease of -0.6% compared to the corresponding quarter previous year
- Organic sales growth for the quarter amounted to -1.8% (1.2%). From Q1 2024, BICO reports all organic growth figures in constant currency
- The gross margin amounted to 51.5% (45.8%). From Q1 2024, BICO has changed to functional reporting and comparable numbers has been adjusted
- Adjusted EBITDA amounted to SEK 45.7m (10.9) corresponding to a margin of 8.6% (2.0%)
- EBITDA amounted to SEK 35.5m (160.1) corresponding to a margin of 6.6% (29.8%)
- Net profit/loss for the quarter from continuing operations amounted to SEK -78.7m (-228.9) corresponding to earnings per share from continuing operations before and after dilution of SEK -1.10 (-3.24)
- Cash flow from operating activities amounted to SEK -50.9m (-47.7)
January-June 2024 (compared with January-June 2023)
- Net sales amounted to SEK 1,044.3m (1,025.7) which corresponds to an increase of 1.8% compared to the corresponding period previous year
- Organic sales growth for the period amounted to 1.3% (0.1%). From Q1 2024, BICO reports all organic growth figures in constant currency
- The gross margin amounted to 48.4% (48.5%). From Q1 2024, BICO has changed to functional reporting and comparable numbers has been adjusted
- Adjusted EBITDA amounted to SEK 36.7m (37.0) corresponding to a margin of 3.5% (3.6%)
- EBITDA amounted to SEK 16.5m (175.8) corresponding to a margin of 1.6% (17.1%)
- Net profit/loss for the period from continuing operations amounted to SEK -107.9m (-305.4) corresponding to earnings per share from continuing operations before and after dilution of SEK -1.50 (-4.32)
- Cash flow from operating activities amounted to SEK -68.2m (12.7)
Q2 takeaways
- Stable sales levels, in line with peers, despite volatile market environment
- All business areas EBITDA positive during the quarter
- Catharina Nordlund assumed office as Chief HR Officer and Anders Fogelberg was appointed and assumed office as Chief Commercial Officer
- Continuous work with strategic priorities to pave way for the updated strategy which will be presented during the Capital Markets Day on September 17, 2024
Significant events after Q2
- Andréas Joersjö appointed General Counsel and will assume office by mid-October 2024 the latest
Presentation for media and investors
A telephone conference, with the opportunity to ask questions, will be held later today, on August 20, 2024, at 10:00am CEST, at which President & CEO Maria Forss and CFO Jacob Thordenberg will present the interim report.
The presentation will be available on BICO’s website from 09:00am CEST.
https://bico.com/investors/
If you wish to participate via webcast, please use the link below:
https://ir.financialhearings.com/bico-q2-report-2024/register
If you wish to participate via teleconference, please register on the link below:
After registration you will be provided phone numbers and a conference ID to access the conference. You can ask questions verbally via the teleconference.
https://conference.financialhearings.com/teleconference/?id=5002813