Alefarm Brewing (ALEFRM) H1 2024 earnings summary

Executive summary

• Revenue for H1 2024 was DKK 4,719,514, up from DKK 4,170,323 in H1 2023, reflecting year-over-year growth.

• Net loss for H1 2024 was DKK -1,840,210, a slight improvement from DKK -1,930,584 in H1 2023.

• Operating loss (resultat af ordinær drift) was DKK -1,712,752 in H1 2024, compared to DKK -1,831,572 in H1 2023.

Financial highlights

• Gross profit for H1 2024 was DKK 1,243,640, up from DKK 893,513 in H1 2023.

• Personnel costs increased to DKK 2,120,244 in H1 2024 from DKK 1,834,370 in H1 2023.

• Depreciation and amortization totaled DKK 836,148 in H1 2024, slightly down from DKK 890,715 in H1 2023.

• Cash flow from operations was DKK -1,268,591 in H1 2024, compared to DKK -1,100,912 in H1 2023.

• Cash and cash equivalents at June 30, 2024, were DKK 294,094, down from DKK 2,055,558 at year-end 2023.

Outlook and guidance

• No explicit forward-looking guidance provided, but continued focus on development projects and cost management is implied.