Arribatec Group ASA (OSL:ARR)
kr 0.55 -0.0020 (-0.36%) Market Cap: 265.04 Mil Enterprise Value: 220.42 Mil PE Ratio: 0 PB Ratio: 1.03 GF Score: 62/100
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Q3 2024 Arribatec Group ASA Earnings Call Transcript

Nov 6, 2024 / 08:00 AM GMT
Release Date Price: kr0.155512 (-48.74%)

Key Points

Positve
  • Arribatec Group ASA (OSL:ARR) signed a frame agreement with the Norwegian armed forces valued at NOK 19 million, with NOK 7.5 million already called upon.
  • The company won a P implementation project for a Norwegian customer valued at approximately NOK 9 million.
  • Recurring revenue reached an all-time high of NOK 63 million, accounting for 49% of total revenue, up from 41% a year ago.
  • Norway's revenue contribution increased by 6% compared to the previous year, accounting for 67% of total revenue.
  • The company has launched profitability improvement initiatives, including cost reductions and selling non-core assets, to align profitability with peers.
Negative
  • Quarterly revenue decreased to NOK 130 million, down NOK 2 million from the same quarter last year.
  • EBITDA was negative NOK 4 million, a reduction of NOK 14 million compared to the previous year.
  • Cash position at the end of the quarter was NOK 18 million, significantly lower than the typical NOK 30 to NOK 40 million.
  • The company is undergoing financial restructuring, including extending credit facilities and proposing a rights issue to raise NOK 35 million.
  • Order intake for the quarter was down 22% compared to the previous year, with a notable decrease in the Hospitality segment.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ARRA.OL - Arribatec Group ASA
Q3 2024 Arribatec Group ASA Earnings Call
Nov 06, 2024 / 08:00AM GMT

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Presentation
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Operator [1]
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Good morning, everyone and welcome to Ari's third quarter presentation.

Let's dive in the quarterly revenue for the third quarter ended at NOK 130 million. That is NOK 2 million lower than what we had the same quarter. In 2023 our EBITDA ended at negative NOK 4 million and that is a reduction of NOK 14 million compared to a year ago, cash debitor for the quarter was negative NOK 10 million.

Also the cash position or cash in bank at the end of the quarter was at NOK 18 million for the previous 45.

And that is where we have typically been between NOK 30 to NOK 40 million norwegian trauma.

On a different note, a business services signed a frame agreement with the Force force motal, which is a part of the
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