FX International (FXI) Q3 2024 earnings summary

Executive summary

• Strategic integration of Villand Capital has enhanced operational efficiency and broadened service offerings, leveraging new securities licenses for growth.

• Focus remains on combining organic growth with strategic acquisitions to diversify operations and strengthen market position.

• Despite a challenging economic climate for SMEs, signs of recovery in valuations and project pipeline are emerging.

Financial highlights

• Q3 2024 group net revenue: -623 KSEK; operating result: -1,709 KSEK; EPS after tax: -0.018 SEK.

• Jan–Sept 2024 group net revenue: -8,513 KSEK; operating result: -12,101 KSEK; EPS after tax: -0.13 SEK.

• Parent company Q3 net revenue: 128 KSEK (vs. -1,922 KSEK prior year); operating result: -567 KSEK (vs. -2,629 KSEK); EPS after tax: -0.006 SEK (vs. -0.033 SEK).

• Parent company Jan–Sept net revenue: -6,568 KSEK (vs. -6,036 KSEK); operating result: -9,106 KSEK (vs. -8,559 KSEK); EPS after tax: -0.10 SEK (vs. -0.11 SEK).

• No comparable group figures for previous periods due to new group structure as of January 2024.

Outlook and guidance

• Anticipates improved economic climate to drive increased investment activity and continued growth.

• Expects a turnaround in project volume and size, supported by recovering SME valuations.

• Strategy includes further development of services, international expansion, and tailored solutions for institutional investors.