Björn Borg reports an operating profit of 9.5 million SEK for the second quarter of 2024 (8.1).
Net sales amounted to 213 million SEK (166).
The consensus from Pinpoint Estimates*, with 56 contributors, was an operating profit of 11.3 million SEK and sales of 177 million SEK.
The gross margin was 51.8 percent (55.6).
Karnell Group, an owner of industrial technology companies, reports an EBITA result of 40.8 million SEK for the second quarter of 2024 (35.7).
The operating profit was 37.5 million SEK (35.0).
Sales amounted to 357 million SEK (291), with an organic growth of 0.8 percent.
Karnell’s product companies, according to CEO Petter Moldenius, have shown significant revenue increases, indicating a recovery from the challenges of 2023.
Fintech company Savelend reported an operating profit of -4.1 million SEK for the second quarter of 2024 (-4.5).
Ebitda result was 2.1 million SEK (1.4) and earnings per share were -0.09 SEK (-0.09).
Net sales for the period amounted to 41.6 million SEK (40.5).
Fastator reports a net profit of -110 million SEK for the second quarter of 2024 (-78.7).
Earnings per share were -1.19 SEK (-0.98) and net asset value per share was 6.33 SEK (20.22).
The value of managed properties and development properties in subsidiaries amounted to 1.078 million SEK (1.309) as of June 30, while the value of holdings in associates and joint ventures was 791 million SEK (817).
Solidity at the end of the period was 15.8 percent (34.9).
Analysis:
Overall, Björn Borg and Karnell Group showed positive results with improvements in operating profits and sales. Savelend, however, reported a slight decrease in operating profit, while Fastator faced challenges with a significant decrease in net profit. Investors should closely monitor the performance of these companies to make informed decisions regarding their investments.