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AVTECH Sweden AB (publ) Interim Report January – September 2024

MARKN.

FINANCIAL KEY FIGURES FOR THE PERIOD

 202420242023
MSEKQuarter 3Quarter 2Quarter 3
Net sales revenue8.68.67.5
Operating earnings before depreciation+3.8+4.0+4.2
Net earnings+2.7+2.7+3.1
Net earnings per share, SEK+0.047+0.048+0.054
Cashflow+4.1-5.3*+2.8
Cash and cash equivalents24.820.721.0
Equity43.040.337.8
Equity per share, SEK0.760.710.67
Equity ratio, %89.9%90.2%92.9%

* Dividend of approximately 5.6 MSEK

  • Net sales revenue in the third quarter increased by 15.3% compared to the same period in 2023, and approximately 1% compared to the previous quarter. The new customer agreements established during the year contributed to this growth, while the increase was slightly tempered by negative developments in the USD/SEK and EUR/SEK exchange rates.
  • Net earnings decreased by 13.3% compared to the same period in 2023. This is a result of the investments made over the past quarters, where we have increased resources in both sales and technology to enhance our scalability and manage a higher influx of new airline customers in the coming years.
  • Cash flow increased by 47.9% compared to the same period in 2023. Delayed customer payments from previous quarters have largely been received, and the remaining overdue accounts receivable are expected to be paid after the end of the period.

Financial reports are available at:

www.avtech.aero/report
 
https://www.avtech.aero/press-release-english

For more information, please contact

David Rytter, CEO, +46 (0) 8 544 104 80
Christina Zetterlund CFO, +46 (0) 8 544 104 80

About AVTECH Sweden AB (publ)

AVTECH develops products and services for digital air traffic control systems. Customers are the aviation industry's various players such as airlines, airports, aviation, technology companies and aircraft manufacturers. With the help of the company's products and services, each individual flight or the entire flight operation can be optimized in terms of economy, noise and emissions, efficiency, punctuality and safety. The head office is in Stockholm. AVTECH Sweden AB (publ) is listed on NASDAQ First North Growth Market and has appointed Redeye AB to certified adviser.

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AVTECH Interim Report Quarter 3 2024 EN

Datum 2024-10-25, kl 08:30
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