Midway

“Organic growth and improved margins”, Sverker Lindberg, President and CEO

Third quarter 2024

• Net sales increased 1 percent to SEK 253 M (251). Organically, net sales increased 13 percent, divestments had a negative impact on net sales of 9 percent and exchange rate effects had a negative impact on net sales of 3 percent.
• Adjusted EBITA amounted to SEK 18 M (9).
• Operating profit amounted to SEK 25 M (18). Revaluation of earnouts had a positive net effect on the result by SEK 9 M (11).
• Net result after tax was SEK 16 M (10).
• Cash flow from operating activities amounted to SEK -15 M (4).
• Earnings per share before dilution totalled SEK 0.59 (0.37) and after dilution SEK 0.58 (0.36).

January – September 2024

• Net sales declined 17 percent to SEK 758 M (917). Organically, net sales declined 8 percent and divestments had a negative impact on net sales of 9 percent. Exchange rates had no impact on net sales.
• Adjusted EBITA amounted to SEK 52 M (76).
• Operating profit amounted to SEK 50 M (80).
• Net result after tax was SEK 31 M (55).
• Cash flow from operating activities amounted to SEK -18 M (82).
• Earnings per share before dilution totalled SEK 1.14 (2.01) and after dilution SEK 1.12 (1.98).
• As per the decision made at the 2024 Annual General Meeting, the record date for the second dividend payment of SEK 0.45 for the year is October 30, 2024. This means that the payment is expected to be distributed on November 4, 2024, through Euroclear Sweden AB.

This is a translation of the Swedish original version. In the event of any differences between this translation and the Swedish language original, the latter shall prevail.