Q3 2024 Sdiptech AB (publ) Earnings Call Transcript
Key Points
- Sdiptech AB (FRA:938) reported a 7% increase in sales for the quarter, with 1% organic growth.
- The company has a strong focus on sustainability, with 80% of revenues connected to UN sustainability development goals.
- Sdiptech AB (FRA:938) has a solid acquisition strategy, having completed three acquisitions this year, contributing positively to the company's growth.
- The company is restructuring its organization into four business areas to enhance transparency and focus on growth drivers.
- Cash conversion remains strong, with SEK167 million generated from operations in the third quarter, reflecting effective cash management.
- The company experienced an 8% organic decline in adjusted EBITDA due to high profit margins in the previous year not being sustained.
- Sdiptech AB (FRA:938) took a SEK53 million hit this quarter, primarily due to a write-down of goodwill and restructuring costs related to the divestment of its elevator business.
- The divestment of the elevator business in Central Europe is ongoing, with potential challenges in finding buyers for different parts of the business.
- Interest costs have increased, impacting profit after tax and earnings per share.
- The company faces tough comparisons from the previous year, with high organic growth in Q4 2023 posing a challenge for future performance.
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Thank you and welcome to the presentation for the third quarter report. I'm being placed and by most side, the Os on Asus and we will walk you through a few things, of course, highlights from the quarter but also some news when it comes to organizational changes. So let's start. And as you are probably aware, stip is a ned technology group within infrastructure. We create sustainable, efficient and safe societies. That's our vision and mission.
And today so far, we are organized within two business areas with six different segments. Tomorrow, we will be four business days, but I will come back to that.
And when it comes to numbers and in our report as well as in this presentation, we have excluded one of our operations, our business unit in Central Europe for elevator service, installation and production since we have decided to divest that business and we will come back to that as well during the presentation. So, but all the numbers you see in this presentation is then excluding this business
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