BHG Group AB (FRA:7B1)
€ 1.52 0.022 (1.47%) Market Cap: 279.10 Mil Enterprise Value: 436.04 Mil PE Ratio: 0 PB Ratio: 0.54 GF Score: 41/100
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Q3 2024 BHG Group AB Earnings Call Transcript

Oct 24, 2024 / 08:00AM GMT
Release Date Price: €1.53 (+22.11%)
Gustaf Oehrn
BHG Group AB - Group Chief Executive Officer

Hi. My name is Gustav Gustaf Ãhrn, CEO of BHG. I'm here together with Jesper Flemme, CFO, to present our Q3 report. We will also be available after the presentation to do our best to answer your questions. Slide 2 please.

The financial highlights of the report. Another challenging quarter from a market perspective, and sales were down approximately 10% organic compared to the same quarter last year. Still in the contracting market. But a step in the right direction with a sales improvement compared to the first half of the year earnings came in with a profit of SEK52 million second quarter. A significant improvement of SEK40 million versus the same quarter last year as mentioned, topline improving but still a challenge and the improvement in earnings came from margin improvements as well as improved direct selling costs and savings on SG and A we can for the fourth consecutive quarter. Happily summarize that our work is paying off and we have achieved our set target of improving our result in a challenging market, the positive cash flow

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