Sjöstrand Coffee (SCC) Q3 2024 earnings summary

Executive summary

• Net sales for Q3 2024 reached 8.9 MSEK, up 128% year-over-year, driven by strong growth in e-commerce, retail, and hotel channels.

• Gross margin improved to 48% from 39% in Q3 2023, reflecting successful margin enhancement strategies.

• Strategic initiatives included new product launches and preparations for international expansion.

Financial highlights

• EBITDA for Q3 2024 was 942 TSEK (margin 11.1%), compared to -698 TSEK (-18%) in Q3 2023.

• EBIT for Q3 2024 was 868 TSEK (margin 9.9%), up from -668 TSEK (-17.2%) year-over-year.

• Net income for Q3 2024 was 814 TSEK, compared to -698 TSEK in Q3 2023.

• EPS for Q3 2024 was 0.03 SEK, up from -0.03 SEK in Q3 2023.

• Total assets at quarter-end were 13.8 MSEK, with equity of 5.5 MSEK.

Outlook and guidance

• Focus on maximizing sales during the holiday season and executing strategic initiatives for Q4.

• Preparations underway for participation at Ambiente 2025 to support international expansion.