Slide 1: Hello Investors - Interim Report April-June 2024
Hello Investors Interim Report April-June 2024 ” Increased turnover, increased profit and regulatory approval for a strategic acquisition in Finland.
Slide 2: Agenda Prevas Q2 Report April - June 2024
Agenda Prevas Q2 Report April - June 2024 1. Introduction 2. Financial performance 3. Market update 4. Q&A 2 Interim report Apr – Jun 2024
Slide 3: Summary Q2
4.8% Summary Q2 GROWTH IN TURNOVER Second quarter • Turnover: 395.6 MSEK (377.7) - Growth driven by price increases and project deliveries • Best Q2 profit ever, strong cash flow – EBITA 36.2 MSEK (35.7) 9.2% – EBITA Margin 9.2% (9.5) OPERATING MARGIN, EBITA Second quarter – Lower utilization offset
Slide 4: Increased turnover and profit
Increased turnover and profit Q2 2024 2023 Change EBITA and EBITA Margin Turnover (MSEK) 395.6 377.7 +4.8% EBITA (MSEK) 36.2 35.7 +1.4% EBITA Margin 9.2% 9.5% EBIT (MSEK) 31.8 33.0 -3.6% EBIT Margin 8.0% 8.7% Profit for the period (MSEK) 26.0 25.0 +4.0% EPS (SEK) 2.01 1.90 +5.8% Op. Cash flow (SEK)
Slide 5: Long-term Value Creation
Long-term Value Creation Quarterly turnover and EBITA development, rolling 12 turnover growth rolling 12 months 5 Interimreport Interim reportJan Apr––Mar Jun2024 2024
Slide 6: Strong Financial Position
Strong Financial Position • Low net debt • Strong operational cash flow • Strong balance sheet & solid financial situation Cash Flow Highlights Financial Position MSEK Q2 2024 Q2 2023 MSEK Q2 2024 Q2 2023 Cash flow from operating activities 63 50 Net debt excl rights-of-use assets -78 -9 Cash flow f
Slide 7: Regulatory approval for acquisition of Enmac
Regulatory approval for acquisition of Enmac • Approval received end of June • Closing July 1 – consolidation from Q3 • Prevas acquire Enmac, with ~200 employees, 8 locations across Finland, a turnover of EUR 23.3m and an EBITDA margin of 14.1%* • Prevas will establish a pan-Nordic group operating a
Slide 8: Integration of Enmac
Integration of Enmac • Main target is to develop business and foster mutual growth • Combined strengths gives competitive advantage e.g. industrial automation • Pragmatic integration method based on previous successful acquisitions • MD Enmac and management team reinvest Full speed ahead in building
Slide 9: Market Update
Market Update Industry breakdown, Q1-2 2024 The long-term demand for advanced technology and the ability to take on complex problems is increasing over time. • Similar market demand as in Q1 2024 • High demand in green transition, cyber security and defense • The competition on consultancy assignme
Slide 10: Summary
Summary • Increased turnover and EBITA • Approval for acquisition of Enmac – Prevas establishes a strong platform in Finland • Strong cash flow & solid financial platform • Well positioned in growing sectors, prepared for growth • Executing on our long-term endeavors to strengthen our position as
Slide 11: Questions are Welcome
Questions | are Welcome
Slide 12: About Prevas
About Prevas Prevas is an innovative development hub with focus on product and production development, with ingenuity at its core. With high technical expertise and deep business Prevas AB understanding, we help customers from a wide variety of Org. nr. 556252-1384 industries to benefit through cont