Interim report on Q3 2024 – Improved margin in a cautious market

In the third quarter, which is seasonally the weakest quarter, the EBITA margin improved to –4.6 percent (–12.0). We continued to work on efficiency measures, which contributed positively to the EBITA margin. For the nine-month period the EBITA margin was 4.8 percent (–0.2). The focus going forward is on continuing the cost efficiency measures and intensifying the sales work, to create the conditions for profitable growth.

Third quarter, 1 July–30 September 2024

• Net revenue totalled SEK 144.5 million (170.4)
• The calendar effect on revenue for the quarter was SEK 3.5 million, as the period had one working day more than the same period in the previous year
• EBITA was SEK –6.6 million (–20.5) and the EBITA margin was –4.6 percent (–12.0)
• EBIT totalled SEK –6.4 million (–22.5) and the operating margin was –4.4 percent (–13.2)
• Profit for the period totalled SEK –6.9 million (–20.2)
• Earnings per share for the period amounted to SEK –0.29 (–0.84); there is no dilution effect

1 January–30 September 2024

• Net revenue totalled SEK 573.6 million (651.2)
• The calendar effect on revenue for the period was SEK 7.4 million, as the period had two working days more than the same period in the previous year
• EBITA was SEK 27.3 million (–1.4) and the EBITA margin was 4.8 percent (–0.2)
• EBIT totalled SEK 27.4 million (–7.2) and the operating margin was 4.8 percent (–1.1)
• Profit for the period totalled SEK 16.4 million (–13.1)
• Earnings per share for the period amounted to SEK 0.68 (–0.54); there is no dilution effect

You will find the full report here.

Webcasted presentation:
At 09.00 CET a conference call will be held in which Andreas Hatzigeorgiou, President and CEO and Liselotte Haglind, CFO will present the report. The presentation will be held in Swedish and will be followed by a question and answer session.

Link and presentation to the webcast:

If you wish to participate via webcast, please use the link below. Via the webcast you will be able to ask written questions.

https://ir.financialhearings.com/projektengagemang-q3-report-2024

If you wish to participate via teleconference, please register via the link below. After registration you will be provided with phone numbers and a conference ID to access the conference. You can ask questions verbally via the teleconference.

https://conference.financialhearings.com/teleconference/?id=50050336

Presentation material will be available for download at:

https://ir.pe.se/en/ir/financial-reports/

For further information please contact:
Andreas Hatzigeorgiou, Vd och koncernchef
Tel+46 70-949 18 26
E-post: [email protected]

Liselotte Haglind, CFO
Mobile: +46 10-516 05 87
E-mail: [email protected]

This is a translation of the Swedish original. The Swedish text is the binding version and shall prevail in the event of any discrepancies.

This disclosure contains information that Projektengagemang is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 25-10-2024 07:30 CET.