Sustainion (SUSG) Q3 2024 earnings summary

Executive summary

• Revenue for Q3 2024 was 36,446 TSEK, up 3.4% year-over-year, with organic growth matching total growth at 3.4%.

• EBITDA for Q3 reached 5,933 TSEK (16.3% margin), exceeding the group's 12% target.

• EBIT for Q3 was 2,203 TSEK, with a margin of 6.0%.

• Net income for Q3 was 1,041 TSEK, translating to EPS of 0.01 SEK.

• For the first nine months, revenue grew 3.7% to 118,281 TSEK, with EBITDA at 17,593 TSEK (14.9% margin) and EBIT at 5,961 TSEK (5.0% margin).

Financial highlights

• Q3 EBITDA includes a 1,414 TSEK positive adjustment from revaluation of contingent consideration.

• Net debt/Adjusted EBITDA was 3.5x at period end, down from 3.9x a year earlier.

• Cash flow from operations for the nine months was 6,646 TSEK, with cash and equivalents at 6,865 TSEK.

• Equity at period end was 99,789 TSEK, with an equity ratio of 42.9%.

• Cash liquidity was 58.0%, down from 71.1% year-over-year.

Outlook and guidance

• Management expects a busier Q4, with strong order intake and high capacity utilization, especially at Elpro.

• The M&A market has normalized, and acquisition opportunities are being evaluated.

• No formal forecasts are provided; forward-looking statements are based on current expectations.