Doosan Skoda Power s.r.o (DSPW) Q3 2024 earnings summary

Executive summary

• Interim financials cover the period from 1 January 2024 to 24 September 2024, prepared under IAS 34.

• Deloitte reviewed the report and found no issues affecting the true and fair view of the financial position.

• The company operates as a leading European supplier of steam turbines and related services, with a single operating segment: Turbines.

Financial highlights

• Revenues increased to CZK 3,920,874 thousand for 1-9/2024, up from CZK 3,147,123 thousand year-over-year.

• Profit for the period was CZK 355,445 thousand, slightly down from CZK 357,196 thousand year-over-year.

• Operating profit reached CZK 251,559 thousand, up from CZK 248,087 thousand year-over-year.

• Net cash from operating activities was CZK 355,259 thousand, down from CZK 411,394 thousand year-over-year.

• Cash and cash equivalents at period end were CZK 1,908,196 thousand.

Outlook and guidance

• Revenue backlog at period end was CZK 10,198,425 thousand, indicating strong future order book.

• Estimated recognition of backlog within one year after period end is CZK 3,898,641 thousand.