Slide 1: Q2/2024 Half-Year Report
Q2/2024 HALF-YEAR REPORT EXPECTEDLY STRONG SECOND QUARTER, EXCELLENT NET CASH FLOW FROM OPERATIONS CEO Jouni Toijala & CFO Robin Pulkkinen
Slide 2: Disclaimer
Disclaimer This presentation does not constitute an invitation to underwrite, subscribe for, or otherwise acquire or dispose of any Revenio's shares. Revenio’s past performance is no guide to future performance, and persons needing advice should consult an independent financial adviser. This present
Slide 3: Presenting today
Presenting today Jouni Toijala Robin Pulkkinen CEO CFO Q 2 / 2 0 2 4
Slide 4: Agenda
Agenda Highlights of Q2/2024 Financials Shareholders and financial guidance Q 2 / 2 0 2 4
Slide 5: April – June 2024 highlights
April – June 2024 highlights • Net sales totaled EUR 25.4 (22.3) million, an increase of 14.2% • The currency-adjusted growth of net sales in April–June was 13.5% • Operating profit was EUR 5.3 (4.7) million, or 20.6% of net sales, Net sales EBIT up by 12.6% 25.4 5.3 • EBITDA was EUR 7.1 (5.6) milli
Slide 6: January – June 2024 highlights
January – June 2024 highlights • Net sales totaled EUR 49.1 (45.5) million, an increase of 7.9% • The currency-adjusted growth of net sales in January–June was 6.1% • Operating profit was EUR 10.4 (10.8) million, or 21.2% of net Net sales EBIT sales, down by 4.0% 49.1 10.4 • EBITDA was EUR 13.3 (12.
Slide 7: Business highlights of Q2/2024
Business highlights of Q2/2024 Sales development in the second quarter of Our net cash flow was very strong. Net cash the year was strong, particularly in the US, and flow from operating activities was increased by very strong in EMEA and APAC. the year-on-year improvement in net profit, and changes
Slide 8: Financials
Financials Robin Pulkkinen CFO
Slide 9: Development of Revenio's key figures
Development of Revenio’s key figures Change- Change- MEUR 4-6/2024 4-6/2023 1-6/2024 1-6/2023 % % - The net cash flow from Net sales 25.4 22.3 14.2 49.1 45.5 7.9 operations has remained at an Gross margin 18.1 15.8 14.4 34.7 32.2 7.9 excellent level during the Gross margin, % 71.1 71.1 0.1 70.8 70.8
Slide 10: Expectedly strong second quarter
Expectedly strong second quarter Net sales (EUR million) - The FX adjusted sales growth for 35 1,2 Q2´24 was 13.5% 28,3 29,1 30 1 25 23,8 24,4 24,1 23,2 22,3 23,6 25,4 - Sales development in the second 18,9 19,4 20,2 22,0 0,8 quarter of the year was strong, 20 0,6 particularly in the US, and very 15
Slide 11: The second quarter of the year was a strong one for us
The second quarter of the year was a strong one for us Adjusted operating profit EUR million and % (EBIT) 10 33,1 9,5 35,0 - The reported operating profit was 9 30,7 32,6 27,5 31,7 32,6 weakened by write-offs of all 29,2 8 7,7 7,7 9,3 26,6 28,1 30,0 remaining non-strategic 7 23,7 7,1 6,2 24,7 6,2 21
Slide 12: Excellent net cash flow from operations continued in the second quarter
Excellent net cash flow from operations continued in the second quarter Net cash flow from operating activities (EUR million) - The net cash flow from operations increased mostly due 14,0 to year-on-year improvement in 12,0 11,0 11,7 net profit, and changes in the working capital 10,0 - The net cash
Slide 13: Strong balance sheet to secure financial flexibility
Strong balance sheet to secure financial flexibility Equity ratio and net gearing (%) 80 25,0 20,7 74,5 74,7 72,2 72,7 71,1 20,0 70 67,4 66,2 67,4 66,8 64,0 63,0 64,0 61,9 15,0 60 - On April 4, 2024, the Annual 7,0 10,0 General Meeting decided to 50 11,2 5,0 distribute a dividend of EUR 0.38 1,9 -1,
Slide 14: Shareholders on June 30, 2024
Shareholders on June 30, 2024* No. of % Verified shares 1. William Demant Invest A/S 5,059,383 18.96% 2024-06-30 Finnish ownership Foreign ownership 2. SEB Funds 1,080,683 4.05% 2024-05-28 49.00% 51.00% 3. Vanguard 893,352 3.35% 2024-06-30 4. Swedbank Robur Funds 759,000 2.84% 2024-05-31 Owner distr
Slide 15: Financial guidance
Financial guidance Net sales Financial guidance for 2024 (published on February 15, 2024) 97,0 96,6 78,8 Revenio Group’s exchange rate- adjusted net sales are estimated to 61,1 grow 5-10 percent from the previous year and profitability, 49,5 excluding non-recurring items, is estimated to remain at a
Slide 16: Q2 / 2024 Revenio
a2 / 2024 REVENIO
Slide 17: We aspire to keep the wonderful world visible for all
“We aspire to keep the wonderful world visible for all”