Ratos Group Financial Report Q3 2024
The Ratos Group has reported an adjusted EBITA result of 469 million SEK for the third quarter of 2024, slightly lower than the previous quarter’s 517 million SEK. The adjusted EBITA margin came in at 6.3%, down from 6.5%.
- Net sales amounted to 7.454 billion SEK, a decrease from the previous quarter’s 7.971 billion SEK.
- The reported operating profit was 159 million SEK, significantly impacted by a goodwill impairment in Plantasjen of 246 million SEK and other one-off items totaling -34 million SEK.
- The net result landed at -54 million SEK, a decline from 287 million SEK in the previous quarter.
Tele2’s Performance in Q3 2024
Tele2, the telecommunications operator, reported an underlying EBITDA-AL result of 2.818 billion SEK for the third quarter of 2024.
- Analysts had expected an average of 2.843 billion SEK, based on a compilation of 14 analyst forecasts by Infront prior to the report.
- Sales reached 7.390 billion SEK, slightly below analysts’ average estimate of 7.405 billion SEK.
- Free cash flow to equity was 1.107 billion SEK for the quarter, lower than the anticipated 1.307 billion SEK.
Tele2’s Outlook and Projections
Tele2 reiterates its full-year 2024 forecasts, expecting service revenues from end customers to grow by 3-4% organically. The company also projects that underlying EBITDA-AL will increase by 1-3% organically compared to 2023.
- Capex as a percentage of revenue, excluding spectrum and leasing, is predicted to be in the range of 13-14% for 2024.
Prior to the report, analysts had anticipated an underlying EBITDA-AL result for the full year 2024 to be around 10.7 billion SEK, according to Infront’s data compilation.
Analysis and Implications
These financial reports provide valuable insights into the performance and outlook of two major companies, Ratos Group and Tele2. Understanding the key metrics and forecasts can help investors make informed decisions regarding their investment strategies.
For Ratos Group, the decline in adjusted EBITA and net result indicates potential challenges in the current economic environment. The impact of goodwill impairment and one-off items should be carefully considered by investors when evaluating the company’s financial health.
On the other hand, Tele2’s performance, while slightly below analyst expectations, still shows resilience with stable service revenues and projected growth in EBITDA-AL. The company’s adherence to its forecasts for the year demonstrates confidence in its operational capabilities.
Overall, these financial updates highlight the importance of monitoring key financial indicators, understanding analysts’ expectations, and considering the broader market context when assessing investment opportunities. Both Ratos Group and Tele2 continue to navigate the evolving business landscape, presenting opportunities and challenges for investors seeking to optimize their portfolios.