Train Alliance Sweden (TRAIN) Q2 2024 earnings summary

Executive summary

• Operating income rose 27% year-over-year to SEK 97.9m in Q2 2024, with net profit at SEK 12.1m and EPS at SEK 0.15.

• Strengthened organization and ongoing projects in Borlänge, Sigtuna, Hallsberg, and Malmö support growth and delivery capacity.

• Name changed to Train Alliance AB, reflecting broader geographic reach; new board chair and members appointed.

Financial highlights

• Q2 2024 operating income: SEK 97.9m (Q2 2023: SEK 76.9m); net profit: SEK 12.1m (Q2 2023: SEK 8.5m); EPS: SEK 0.15 (Q2 2023: SEK 0.11).

• H1 2024 operating income: SEK 151.5m (H1 2023: SEK 144.3m); net profit: SEK 16.8m (H1 2023: SEK 14.9m); EPS: SEK 0.21 (H1 2023: SEK 0.19).

• Operating margin in Q2 2024 improved to 16.1% (Q2 2023: 15.7%).

• Cash flow from operations in Q2 2024 was SEK 1.3m, down from SEK 73.8m in Q2 2023.

Outlook and guidance

• Strong order book and ongoing customer discussions position the company well for H2 2024.

• Continued investments and project deliveries expected to support further growth.