Oct 23, 2024 / 08:00AM GMT
Alexis Bonte - Stillfront Group AB(publ)-Group President - Interim Chief Executive Officer
Good morning, and welcome to the Stillfront Q3 2024 interim report. I am Alexis Bonte. I am the interim CEO of Stillfront, and I will be joined later by Andreas Uddman, who is our CFO.
Next slide, please. So we continue to have strong cash flow in the third quarter. We had net revenue of SEK1.595 billion in Q3. That was down by 4.6% year-on-year, but mostly flat organically. It was down slightly by 0.8%.
The gross profit margin was of 80%. That was in line with Q2 and up by 2 percentage points year-on-year. And that was really driven by the mixed effects of an increased share of bookings from our direct-to-consumer channels.
Adjusted EBITDAC margin was at 24%. That's down by 0.4% year-on-year and that's due to increased acquisition costs which I will go into later. Free cash flow of SEK298 million in Q3 is up by 49% year-on-year.
Next slide, please. So we had higher than actual acquisition costs in Q3. You can see that they were at 29%
Q3 2024 Stillfront Group AB (publ) Earnings Call Transcript
Oct 23, 2024
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