Slide 1: Hello Investors - Interim Report July-Sept 2024
Hello Investors Interim Report July-Sept 2024 ” Increased turnover, closing of acquisition in Finland and new high-end acquisition in Denmark.
Slide 2: Agenda Prevas Q3 Report July - Sept 2024
Agenda Prevas Q3 Report July - Sept 2024 1. Introduction 2. Financial performance 3. Market update 4. Q&A 2 Interim report July – Sep 2024
Slide 3: Summary Q3
13.0% Summary Q3 GROWTH IN TURNOVER Third quarter • Turnover: 351.9 MSEK (311.4) - Growth driven by acquisitions, continued price increases • Lower profit vs 2023 due to lower utilization and challenges in Finland 7.5% – EBITA 26.5 MSEK (31.8) EBITA MARGIN Third quarter – EBITA Margin 7.5% (10.2) –
Slide 4: Increased turnover and margin focus
Increased turnover and margin focus Q3 2024 2023 Change EBITA and EBITA Margin Turnover (MSEK) 351.9 311.4 +13.0% EBITA (MSEK) 26.5 31.8 -16.7% EBITA Margin 7.5% 10.2% EBIT (MSEK) 17.9 29.3 -38.9% EBIT Margin 5.1% 9.4% Profit for the period (MSEK) 9.1 22.7 -60.0% EPS (SEK) 0.75 1.73 -56.6% Op. Cash
Slide 5: Financial Position Q3
Financial Position Q3 • The cash flow for operating activities affected by calendereffect and lower result than last year • Low net debt • Strong balance sheet & solid financial situation Cash Flow Highlights Financial Position Q3 Q3 Q1-Q3 Q1-Q3 Q3 Q3 MSEK MSEK 2024 2023 2024 2023 2024 2023 Cash flo
Slide 6: Long-term Value Creation
Long-term Value Creation Quarterly turnover and EBITA development, rolling 12 turnover rolling 12 months 6 Interimreport Interim reportJan July – –Mar Sept 2024 2024
Slide 7: Update Finland
Update Finland • The market has been weak during the quarter • Mitigation actions taken: temporarily layoff of 23 employees (including OH), increased sales focus and cost reduction • Integration costs has affected Q3 • Negative EBITA in Q3 • Positive trend in September with positive EBITA 7 Interim
Slide 8: Market Update Finland
Market Update Finland • Reluctant market with some positive signs • Largest customer Valmet Oy signed order of 1 000 m€. This will impact Prevas positively • All time high offer pipe • Several orders during Q3 • Market synergies Prevas – Enmac identified and several opportunities in progress 8 Inter
Slide 9: General Market Update
General Market Update Industry breakdown, Q1-Q3 2024 • Similar market demand as in Q1-Q2 2024 • The competition on consultancy assignments remains high in some areas • High demand in electrification, cyber security and defense • Increased demand in Life Science The largest customers, Q3 2024 • Sev
Slide 10: Design-People AS
Design-People AS • Leading design company in Denmark • Digital and Industrial Design, UI & UX • Prevas and Design-People shapes Denmarks leading product development hub • Market synergies - attractive customerlist • 5 employees + network of partners • Consolidated from Oct 1 10 Interim report July –
Slide 11: Summary
Summary • Continued growth • Actions taken to mitigate reduced EBITA • Enmac Oy consolidated and acquisition of Design- People in Denmark • Solid financial platform • Well positioned in growing sectors • Excellent leverage with normalized utilization 11 Interim report July – Sept 2024
Slide 12: Questions are Welcome
Questions | are Welcome