Financial information

January-September 2024 Interim Report:  Lamor’s new orders were at a high level in Q3

July–September 2024 in brief

• Revenue was EUR 30.8 million (31.1), a decrease of 0.9% from the comparison period
• EBIT was EUR 2.0 million (1.6) or 6.4% of revenue (5.1%), an increase of 25.5%
• Adjusted EBIT was EUR 2.1 million (3.0) or 6.7% of revenue (9.6%), a decrease of 30.9%
• Net cash flow from operating activities was EUR -4.3 million (-7.3)
• Earnings per share (basic) was EUR -0.01 (0.01)
• Orders received was EUR 35.4 million (13.5), an increase of 161.7%

January–September 2024 in brief

• Revenue was EUR 81.8 million (87.7), a decrease of 6.8%
• EBIT was EUR 3.7 million (5.4) or 4.5% of revenue (6.1%), a decrease of 32.1%
• Adjusted EBIT was EUR 3.9 million (6.9) or 4.8% of revenue (7.9%), a decrease of 43.0%
• Net cash flow from operating activities was EUR -15.6 million (-15.0)
• Earnings per share (basic) was EUR -0.04 (0.08)
• Orders received was EUR 120.7 million (34.0), an increase of 255.2%
• Order backlog* at the end of the period amounted to EUR 158.7 million (146.1)

* On 10 September 2024, Lamor announced that the company started negotiations with NEOM Company related to the proposed reduction of responsibilities allocated to Lamor. At the time of reporting, an order of approximately EUR 55 million is included in the order backlog and orders received in accordance with the original agreement.

The figures in brackets refer to the comparison period, which is the same period the previous year, unless otherwise stated.

Guidance for 2024

In accordance with the guidance published on 16 February 2024, Lamor estimates that its revenue for the financial year 2024 will be at least at the same level as in 2023 (2023: EUR 122.5 million). Due to the uncertain market situation and uncertainty regarding the schedule of large tenders, Lamor does not provide guidance for profitability.