Nordisk Bergteknik, a leader in rock management and foundation, reported an operating profit of 46.8 million SEK for the second quarter of 2024 (67.8). Net sales amounted to 858 million SEK (907), with a sales growth of -6% and organic growth of -6% (-10). The operating margin was 5.5% (7.5), while the net profit was 27.2 million SEK (40.6). Earnings per share stood at 0.47 SEK (0.72).
Customer acquisition company Catena Media reported an adjusted EBITDA of 0.7 million euros for the second quarter of 2024 (2.1). The adjusted EBITDA margin was 5% (14), with revenues of 12.8 million euros (14.9). Sales growth was -14%, mainly driven by an 11% decrease in revenues in the company’s key market, North America. Catena Media’s preliminary figures released on June 20 indicated revenues in the range of 12.5-13.5 million euros and an adjusted EBITDA of 0.5-1.5 million euros.
Africa Energy reported a net loss of 47.8 million dollars in the second quarter of 2024, compared to a loss of 1.3 million dollars in the same quarter last year. Operating costs amounted to 47.6 million dollars during the quarter (1.2). As of June 30, Africa Energy had cash of 2.1 million dollars and employed capital of -6.6 million dollars, reflecting increased operating costs and investments in Main Street 1549.
Gaming company Enad Global 7 reported second-quarter results that were in line with the preliminary figures released at the end of July. The adjusted EBITDA decreased to 33.4 million SEK, compared to 113 million in the same quarter last year. The adjusted EBITDA margin was 9.5% (23.5), in line with the preliminary results.
Analysis:
Overall, the second-quarter results of Nordisk Bergteknik, Catena Media, Africa Energy, and Enad Global 7 reflect varying financial performances. Nordisk Bergteknik saw a decrease in sales growth and operating margin, while Catena Media experienced a decline in revenues and EBITDA. Africa Energy reported a significant increase in net loss, driven by higher operating costs. Enad Global 7 faced a notable drop in adjusted EBITDA and margin.
Investors should carefully assess these results and consider the implications for their investment portfolios. Understanding the financial health and performance of these companies can help investors make informed decisions and manage their risks effectively. It is crucial to conduct thorough research and seek professional advice before making any investment choices based on these results.