Skåne-Möllan (SKMO) Q3 2024 earnings summary

Executive summary

• Revenue for Jan–Sep 2024 decreased by 1% to SEK 198.7m compared to SEK 201.1m last year, despite higher sales volumes in both standard and niche products.

• Pre-tax profit rose to SEK 11.0m from SEK 9.6m, and net profit increased to SEK 8.7m from SEK 7.6m year-over-year.

• Export sales grew by over 10% to SEK 19.4m, with niche heat-treated products gaining new customers in Sweden and Europe.

Financial highlights

• Gross profit for Jan–Sep 2024 was SEK 30.4m, up from SEK 30.0m year-over-year.

• Operating profit for the period was SEK 9.6m, compared to SEK 8.7m last year.

• Earnings per share increased to SEK 0.79 from SEK 0.69 year-over-year.

• Cash and cash equivalents at period end were SEK 55.2m, up from SEK 35.6m last year.

• Net investments for the first nine months totaled SEK 1.1m, down from SEK 3.9m year-over-year.

Outlook and guidance

• The 2024 Swedish harvest yielded higher volume and better quality, expected to meet raw material needs until the 2025 harvest.

• Full-year 2024 investments are projected at SEK 6.0m.