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Newlist (NEWL) investor relations material
Newlist Q2 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Completed divestment of all operating activities to HH Agriculture Investments B.V. on June 3, 2024, due to inability to secure long-term financing; company now operates as a cash shell seeking a reverse acquisition or structural transaction.
Name changed from Ekobot AB to Newlist AB following the divestment; only minimal operations retained to meet listing requirements.
All employees except the CEO transferred to the buyer; company now has very low operating costs and a net cash position.
Financial highlights
Net sales for Q2 2024 were 127 KSEK (185 KSEK Q2 2023); for H1 2024, 127 KSEK (260 KSEK H1 2023).
Net result for Q2 2024 was -2,514 KSEK (-10,964 KSEK Q2 2023); for H1 2024, -22,877 KSEK (-13,837 KSEK H1 2023), impacted by a non-cash impairment of -14,222 KSEK in Q1.
Cash and cash equivalents at period end: 323 KSEK (12,017 KSEK Q2 2023).
Equity at period end: -593 KSEK (25,481 KSEK Q2 2023); total assets: 6,258 KSEK (35,991 KSEK Q2 2023).
Earnings per share before dilution: -0.11 SEK for Q2 2024 (-0.72 SEK Q2 2023); -1.15 SEK for H1 2024 (-1.30 SEK H1 2023).
Outlook and guidance
Company intends to pursue a reverse acquisition or other structural transaction; ongoing discussions with several candidates but limited financial endurance for a prolonged process.
Net cash and low operating costs expected to be sufficient only for a short period; urgent need to secure a deal to ensure continued operations.
- TimeTickerHeadlineOpen
- 9412
Profits and equity improved, with upward revisions to full-year forecasts and new subsidiaries added. - NVDA
AI is transforming enterprises by enabling intent-driven innovation and technology-first strategies. - DNLM
H1 sales up 3.6% to £926m; digital mix 41%; PBT to hit lower end of consensus. - CRW
Double-digit growth, strong cash flow, and new leadership drive confidence for FY25. - 7011
Strong revenue and profit growth in FY2025, with raised guidance and key divestiture impact. - 8053
Profit attributable to owners dipped 1.9% despite higher revenues and strong FX gains. - 323410
Strong growth in customers, profits, and deposits, with stable asset quality and global milestones. - 3407
Net income rose 22.7% year-over-year, with improved financials and a revised upward forecast. - RYM
Refreshed strategy targets NZD 150m cash flow uplift, NZD 500m cash release, and resumed dividends by FY 2028. - 9101
Profits fell across most segments, but energy shipping and a major acquisition stood out.
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