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Regulatory

Interim Report January 1 – June 30

All time high quarterly Net sales thanks to strong growth in Energy & Environment

Berner Industrier reported all time high quarterly Net sales with continued growth in business area Energy & Environment while contraction in Technology & Distribution resulted in corrective actions. Strong balance sheet increases capacity for acqusitions.

Second quarter 2024
• Order intake totaled SEK 249.4 (284.8) million, down 12.4%.
• Net sales for the second quarter were SEK 254.8 (245.9) million, i.e. 3.6 % growth, with 3.4 percentage points organic growth and 0.2 percentage points positive impact from foreign currency subsidiaries.
• EBITA totaled SEK 15.4 (17.5) million, down 12.0%.
• The EBITA margin was 6.0 percent (7.1).
• Earnings per share before and after dilution were SEK 0.54 (0.60).
• Cash flow from operating activities was SEK 2.6 (3.3) million. Total cash flow for the period was SEK -37.1 (-11.0) million, including voluntary amortization of SEK 15.0 million.
• Mattias Lysebring was appointed to Managing Director in the subsidiary Christian Berner AB. SEK 1.8 Million was expensed in second quarter due to changes among employees.

Significant events in the second quarter
• The company held its annual general meeting on April 25, 2024. The AGM approved a dividend of SEK 0.90 per share to shareholders, totaling SEK 16.9 million, which was paid out in May.
• The AGM adopted the proposed name change of the parent company to Berner Industrier AB.
• Two new board members were appointed by the AGM, Pia Irell and Helena Grubb.

First half of 2024
• Order intake totaled SEK 471.7 (522.5) million, down 9.7%.
• Net sales for the first six months totaled SEK 497.9 (484.2) million, i.e. 2.8% growth, with 3.1 percentage points organic and -0.3 percentage points negative effect from subsidiaries in foreign currency.
• EBITA totaled SEK 30.0 (31.8) million, down 6.0%.
• The EBITA margin was 6.0 percent (6.5).
• Earnings per share before and after dilution were SEK 1.01 (1.07).
• Cash flow from operating activities was SEK 56.2 (18.0) million. Total cash flow for the period was SEK -10.7 (-5.0) million. • Voluntary amortization of SEK 32.0 million took place during the first six months.

Significant events after the end of the reporting period
• There were no significant events after the end of the reporting period.