FX International (FXI) Q2 2024 earnings summary

Executive summary

• Strategic integration and operational improvements have positioned FXI for effective solutions and growth, with increased project and customer inflow indicating strong potential.

• Villand Capital delivered strong results despite a cautious market, positively impacting group performance.

• Expansion plans target the EU and US, leveraging acquisitions, partnerships, and innovation for sustainable value.

Financial highlights

• Q2 2024 group net revenue: -1,591 KSEK; operating income: -2,906 KSEK; pre-tax result: -2,916 KSEK; EPS: -0.032 SEK.

• H1 2024 group net revenue: -7,890 KSEK; operating income: -10,392 KSEK; pre-tax result: -10,402 KSEK; EPS: -0.12 SEK.

• Parent company Q2 net revenue: -2,123 KSEK (vs. -1,006 KSEK YoY); operating income: -2,983 KSEK (vs. -1,678 KSEK YoY); EPS: -0.033 SEK (vs. -0.022 SEK YoY).

• Group cash at period end: 1,753 KSEK; parent company cash: 1,727 KSEK.

• 2,040 KSEK raised via directed share issue during the quarter.

Outlook and guidance

• Focus remains on organic and acquired growth, international expansion, and strengthening operational structure.

• No significant events reported after the quarter's end.