Q3 2024 Storskogen Group AB (publ) Earnings Call Transcript
Key Points
- Storskogen Group AB (FRA:0VK) reported a positive organic sales growth of 3% across all business areas.
- The company achieved an adjusted EBITA margin of 9.8%, inching closer to their target of 10%.
- Cash conversion remains strong at 99%, exceeding the company's target.
- The company's leverage ratio improved slightly to 2.6, with no significant bond maturities until 2027.
- S&P affirmed Storskogen Group AB's credit rating at BB with an improved outlook from negative to stable.
- Net sales declined by 4% due to divestments and currency effects.
- Consumer demand remains subdued, impacting the trade business area.
- The construction market remains soft, affecting companies exposed to this sector.
- Global uncertainties pose potential delays in broader recovery, especially for consumer and construction markets.
- The return on equity and return on capital employed are lower compared to last year, despite slight sequential improvements.
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Good morning and welcome to the presentation of Stush Cogen's third quarter of 2024. I am Chris Johnson and with me today is our CFO Lean MCLA.
We are overall happy with the performance this quarter and I'm eager to get into the details with you. So let's begin with an overview of ST Cogen's before we take a closer look at the quarter's highlight sto to diversify the International Business Group with sales of about 34.6 billion over the last 12 months, an adjusted ebita of 3.1 billion sec spread across our three business areas.
After a number of completed divestments in the quarter, we now consist of 116 business units with an average sales approaching of about 290 millions highlights for the quarter, cash flow, organic ebita growth and profitability remain our top priorities. This quarter continues to demonstrate that we are on the right track with organic sales growth in all three business areas and with marginally positive organic ebita growth, we reported sales of
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