Q2 2024 Interim Report Go North
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2024-08-31 21:00:00
Today Go North Group AB published its Q2 2024 interim report, in both Swedish and English, which is available in the IR section on its webpage https://gonorth.co/investors-relations/.
Reported second quarter Apr – Jun 2024 (compared to Apr – Jun 2023)
- Net sales were KSEK 130,950 (173,115)
- Adjusted EBITDA was KSEK 3,831 (7,611)
- EBITA was KSEK 3,307 (1,345)
- Net financial debt / Adjusted EBITDA was 45.77 (12.18)
- Cash flow from operating activities was KSEK -419 (79,109)
- ROCE was -6.0% (1.6%)
In the second quarter of 2024, Go North Group AB has been transitioning into a sales and product company with focus on scalable growth. For Go North, this means new channels, new geographical markets and new products. The CEO, Ryan Looysen, began at the company in April 2024.
After the company established balance sheets for liquidation purposes in the parent company and several subsidiaries in May 2024, Go North has been focusing on addressing the negative equity in these companies.