Fractal Gaming Group Ab · OMXSTO:FRACTL
Fractal Gaming Group Ab — Q3 2024 Earnings Presentation
10 slides from Fractal Gaming Group Ab's earnings presentation, Oct 24, 2024
Slide 1: Q3 2024 Report
2 4 O C T O B E R 2 0 2 4 Q3 2024 Report
Slide 2: Q3 Highlights
Q3 Highlights Headwinds weakening and positive outlook ahead. Net sales was 157 SEKm (190), a decrease of -17.5%, -13.9% organically. High comparative figures in Q3 2023 with growth of 45%. Compared to the first half of 2024, we see a gradual improvement in the market. The restraint in retailer purc
Slide 3: Launches in Q3: New Categories & Cases
Launches in Q3: New Categories & Cases Fractal achieved significant milestones by launching further new products, including the sales start of our first gaming chair, Refine, and the next-generation small form factor case, Era 2. • Fractal entered the gaming furniture market with the sales start of
Slide 4: Market Development & Demand
Market Development & Demand 2024 is a transitional year for gaming hardware, with weaker demand and delayed component launches. However, strong consumer engagement and upcoming PC upgrade cycles indicate a rebound in 2025. R E P O R T F R O M T E N U I T I Over 30% has purchased a • The global games
Slide 5: Net sales
Net sales, SEKm Net sales SEKm R12 Q3 Net sales amounted to 157 SEKm (190), a decrease of 17.5% YoY. The organic net sales were 15 USDm (17), a decrease of 13.9%. ▪ Last year, we had strong comparative numbers with 45% organic growth in Q3. ▪ Compared to the first half of 2024, we see a gradual impr
Slide 6: Segment development
Segment development Net sales by geography and segment (SEKm) Business Segment Sales of cases accounted for 91% of total sales, which was 1 percentage points higher compared to the previous year. Cases Other Total Q3 Q3 Q3 Total Net sales of cases in Q3 amounted to 142 SEKm (171), a decrease by 17%.
Slide 7: Product margin
Product margin Product margin (%) The product result amounted to 59 SEKm (79) and the product margin was 37.8% (41.8), a decrease of 4.0 percentage points YoY. ▪ Sales discounts negatively affected the product margin by approximately 3 percentage points. ▪ Freight positively affected the product mar
Slide 8: Earnings and Cash flow
EBITDA (SEKm) and EBITDA-margin R12 (%) Earnings and Cash flow SEKm R12 EBITDA in Q3 was 12 SEKm (35) and the EBITDA- margin was 7.4% (18.5). Q3 operating cash flow was 15 SEKm (65), with 127% cash conversion (185%). Cash flow from investing activities amounted to 4 SEKm (4) and was related to devel
Slide 9: Income statement
Income statement Q3 Jan—Sep Oct—Sep Full year SEKm 2024 2023 2024 2023 23/24 2023 Net sales 156,6 189,9 492,7 630,6 635,4 773,3 Net sales in Q3 amounted to 157 SEKm a decrease of 17.5%. Capitalized development expenditure 2,6 1,9 8,9 5,9 11,7 8,7 Other operating income 0,0 0,0 0,6 0,2 0,6 0,2 Goods
Slide 10: Summary
Summary • Net sales decreased by -17.5%. High • Our strong financial position gives us comparative figures in Q2 2023 (+45%). the opportunity to pursue our strategic initiatives and to further advance our • Compared to the first half of 2024, we see a position in the market. gradual improvement in t