Arcario's interim report for Q2 and first half of 2024 marks a new record quarter for Arcario, with growing revenue and positive EBITDA. Net sales grew to SEK 187M, an improvement of 25% compared to Q1 2024. The group achieved a net operating profit and positive EBITDA of SEK 4,775K for the quarter. Organic growth in K33 Markets continues to be the main driver of the Net sales. The full report for Q2 2024 and first half of 2024 is published on arcario.com/ir.
Second quarter of 2024
Compared to second quarter 2023
• Group revenue increased to 186,758 kSEK (30,918)
• EBITDA amounted to 4,775 kSEK (-3,138)
• EBIT amounted to 3,474 kSEK (-7,510)
• The result for the period amounted to -1,264 kSEK (-5,204)
• Earnings per share before dilution amounted to SEK -0.000 (-0.001)
• Earnings per share after dilution amounted to SEK -0.000 (-0.001)
First half of 2024
Compared to first half of 2023
• Group revenue increased to 335,650 kSEK (69,469)
• EBITDA amounted to 8,964 kSEK (-10,089)
• EBIT amounted to 5,481 kSEK (-18,882)
• The result for the period amounted to 4,274kSEK (-30,392)
• Earnings per share before dilution amounted to SEK 0.000 (-0.003)
•Earnings per share after dilution amounted to SEK 0.000 (-0.003)
Torbjørn Bull Jenssen, CEO of Arcario and K33 comments:
"Our growth trajectory has never been more promising. With increased marketing, a new front end, instant fiat deposits, and an app on the horizon for K33, I am genuinely excited about what lies ahead"
Main events during Q2 2024
- On May 30, Arcario disclosed material changes to 2023 accounts since publication of the 2023 Q4 interim report.
- On May 31, Arcario published the Q1 2024 interim report.
- On June 7, Arcario published the annual report for 2023.
- On June 28, Arcario held the Annual General Meeting.
After the end of the period
- On August 13, the nomination committee of Arcario proposed the election of new board members and chairman of the board.
- On August 15, Arcario announced the sale of its remaining shareholding in ITOAM SAS, realising USD 270K.
For further information contact:
Torbjørn Bull Jenssen, CEO, Arcario AB
E-mail: ir@arcario.com
Web: www.arcario.com/ir
About Arcario
Arcario is an industrial investment company within the digital asset space, committed to shaping the future of finance as we know it. The company is the owner of K33, a research-led digital assets brokerage. The Company is listed on Nasdaq First North Growth Market and Mangold Fondkommission is Certified Adviser.
This information is information that Arcario is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2024-08-22 08:00 CEST.
