SIGNIFICANT EVENTS DURING THE SECOND QUARTER 2024 (APR – JUN)

• Larger repeat industry order to significant client of 2.2 MUSD was announced in May.
• CEO Göran Malmberg decided to step down from his position at the end of the year. The recruitment of a successor has been initiated. The plan for Malmberg is to step into an advisor role coming into 2025.

SECOND QUARTER 2024 (APR - JUN)

• Order intake amounted to 71 (77) MSEK, a decrease of -8%.
• Net sales amounted to 101 (74) MSEK, an increase of 36%, whereof 34% organic, 1% acquired and 1% currency effect.
• Earnings before interest, tax, depreciation, and amortization (EBITDA) amounted to 24.5 (10.7) MSEK.
• Net income for the period amounted to 17.2 (1.5) MSEK.
• Earnings per share (EPS) were 0.67 (0.06) SEK.
• Cash flow from operating activities amounted to 5.3 (5.2) MSEK.

SIX MONTHS 2024 (JAN - JUN)

• Order intake amounted to 109 (135) MSEK, a decrease of -19%.
• The order book by the end of the period was 114 (125) MSEK, a decrease of -9%.
• Net sales amounted to 146 (139) MSEK, an increase of 5%, whereof 4% organic, 1% acquired and 0% currency effect.
• Earnings before interest, tax, depreciation, and amortization (EBITDA) amounted to 6.1 (17.9) MSEK.
• Net income for the period amounted to -7.4 (0.0) MSEK.
• Earnings per share (EPS) were -0.29 (0.0) SEK.
• Cash flow from operating activities amounted to 7.2 (2.5) MSEK.
  

Webcast presentation of the interim report
Date: July 23, 2024
Time: 10:00 CEST

To join the presentation, please visit https://investor.mentice.com/