Bravida Holding AB

BRAV

Equity

ISIN SE0007491303 / Valor 30012052

NASDAQ Nordic Exchange Stockholm, Equities (2024-12-23)

SEK 79.30%

Bravida Holding AB
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About company

Bravida Holding AB is a leading service and installation company that operates within the building and infrastructure sector. The company specializes in managing and implementing a wide array of technical functions essential for modern buildings, ranging from traditional services like electricity, plumbing, heating, cooling, ventilation, lighting, sprinklers, security, and locks to more advanced solutions including automation, energy optimization, solar energy, and electric car charging stations. Bravida positions itself as a comprehensive partner for its clients, offering services that cover the entire lifecycle of a building. This approach aims to ensure that buildings not only function efficiently but also provide environments conducive to sustainability and well-being. The company's expertise in integrating digital and sustainable solutions into its service offerings reflects a commitment to meeting the evolving demands of the construction and infrastructure industry.

Summarized from source with an LLMView SourceSector: Industrials

Net Sales

In Q2 2024, Bravida Holding AB reported net sales of SEK 3,672 million, which remained unchanged compared to the same period last year. The company experienced no organic growth, no growth from acquisitions, and no impact from foreign exchange rates.

EBITA Margin

Bravida Holding AB's EBITA margin significantly decreased to 0.1% in Q2 2024 from 4.0% in Q2 2023. This decline was attributed to challenges and resulting write-downs in three of the company's eight regions, as well as production in low-margin projects due to previous write-downs.

Order Intake and Backlog

For Q2 2024, Bravida Holding AB's order intake decreased by 32% year-over-year to SEK 1,571 million. However, the order backlog increased by 7% year-over-year, reaching SEK 3,912 million, indicating a strong pipeline of future projects.

Sales Growth in Finland

In Finland, Bravida Holding AB saw a 17% increase in sales during Q2 2024, driven entirely by growth from acquisitions. The EBITA margin in Finland improved to 4.7%, up from 3.0% in Q2 2023, due to an improved margin in the installation business.

Cash Flow and Financial Position

Bravida Holding AB reported a strong improvement in operating cash flow for Q2 2024, mainly driven by a focus on net working capital. The company's net debt remains low, providing capacity for continued profitable M&A growth and shareholder distributions. Cash conversion improved to 112% in Q2 2024, up from 69% in Q2 2023.

Summarized from source with an LLMView Source

Key figures

-2.76%1Y

-36.2%3Y

-13.3%5Y

Performance

33.2%1Y

32.8%3Y

34.0%5Y

Volatility