Securitas, Storytel, and IPC: Second Quarter 2024 Financial Results Revealed
Securitas, the leading security company, reported an impressive 5% organic sales growth for the second quarter of 2024. This exceeded analysts’ expectations by 0.2 percentage points, with EBITA results reaching 2.801 million SEK, 2% higher than expected. The EBITA margin also saw a positive increase to 6.9%, surpassing the anticipated 6.6%. However, the net income of 1.310 million SEK fell slightly below the projected 1.336 million SEK, and net sales were also lower than expected at 40.638 million SEK.
On the other hand, Storytel, the popular audiobook company, reported a remarkable adjusted EBITDA result of 128 million SEK for the second quarter of 2024, with an EBITDA margin of 13.8%. Net sales amounted to 924 million SEK, showing a significant increase from the previous year. The company’s operating income improved to 47 million SEK, compared to a loss of 29 million SEK in the same period last year. Additionally, the average number of paying subscribers rose to 2.285 million, with an average revenue per subscriber of 127 SEK.
Lastly, IPC, the oil company, disclosed an EBITDA result of 104 million dollars for the second quarter of 2024, outperforming expectations. The net income stood at 45.2 million dollars, with net sales reaching 219 million dollars. The oil production reached 48,400 barrels of oil equivalent per day during the quarter.
Overall, these financial results showcase the strong performance of these companies in the second quarter of 2024. Investors may consider these positive outcomes as indicators of future growth potential and profitability. It is essential to monitor the financial reports and updates of these companies to make informed investment decisions in the ever-changing market landscape.