Lightning Group (LIGR) Q3 2024 earnings summary

Executive summary

• Net sales for Q3 2024 were SEK 10.3m, flat year-over-year; nine-month sales up 2.5% to SEK 35.8m.

• EBITDA for Q3 was SEK -0.98m, impacted by SEK -0.9m in Priolight Nordic AB startup costs; nine-month EBITDA SEK -2.94m.

• Net result for Q3 was SEK -1.63m, and SEK -4.79m for the nine-month period.

• Product margins improved in Q3, with further improvement expected in Q4.

• Cash flow for the nine-month period was SEK 2.9m, a significant improvement from SEK -1.6m last year.

Financial highlights

• Q3 EBITDA margin was -9.5% (vs. -3.0% last year); nine-month EBITDA margin -8.2% (vs. -1.0%).

• Excluding Priolight Nordic AB, nine-month EBITDA margin was -1.2%.

• Q3 operating result was SEK -1.43m (vs. -0.78m); nine-month operating result SEK -4.32m (vs. -2.03m).

• Q3 cash flow SEK -1.33m; nine-month cash flow SEK 2.92m.

• Solid equity ratio at 57% at period end.

Outlook and guidance

• Product margin improvement expected to continue in Q4.

• No formal forecasts provided; focus remains on organic growth and profitability.