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Probi (PROB) investor relations material

Probi has been delisted

Probi Q3 2024 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2024 earnings summary22 Oct, 2024

Executive summary

  • Q3 2024 net sales were SEK 143.7–144 million, down 7.9–8% year-over-year, with a 5.1% decrease adjusted for currency effects and an EBITDA margin of 20–20.1%.

  • Strong customer engagement in APAC, rebranding in the Nordics, and operational improvements in the U.S. were key business highlights.

  • New product Probi Sense launched in the Nordics, targeting cognitive function and mental well-being, with supporting research on HEAL9.

  • Research collaboration announced to reduce dementia risk, including with Global BHP Brain Trust and FINGERS Brain Health Institute.

  • SMETA 4-Pillar audit completed in U.S. operations, reinforcing sustainability and ethical practices.

Financial highlights

  • Q3 net sales: SEK 143.7–144 million (down 7.9–8% year-over-year, organic growth -5%).

  • EBITDA margin improved to 20–20.1%, up 2 percentage points from last year.

  • Net income for Q3 was SEK 3.6–4.0 million, down from SEK 6.4 million in Q3 2023.

  • Operating cash flow for the nine-month period was SEK 29–85 million; cash at period end SEK 330–349.4 million.

  • Year-to-date CapEx reached SEK 38 million, with investments in manufacturing and R&D.

Outlook and guidance

  • Focus remains on driving sales growth, operational improvements, and long-term sustainable success.

  • Anticipate increased sales activity and campaigns in the Nordics in Q4 following rebranding and new product launch.

  • Continued engagement in APAC despite macroeconomic headwinds, with expectations for improved conditions.

  • U.S. market expected to see 2–3% value growth in coming years, per Euromonitor.

  • B2C segment aims to leverage new branding in Q4; B2B shows good traction.

US market growth strategy given contraction
Mitigating APAC sales slowdown impact
Sustainability of Q3 margin improvements?
Assess the long-term impact of BLIS patent issue.
Explain the drivers behind the Americas sales decline.
Detail Probi's strategy for dementia risk reduction.
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Frequently asked questions

Probi probiotics is a leader in research, development, manufacturing and commercialization of functional ingredients on the probiotic market. Probi manufactures probiotics for health, pharmaceutical, and food companies.

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