Interim Financial Report H1

Company Announcement No. 6 - 2024
to Nasdaq Copenhagen

2024.08.14

Interim Report 2^nd quarter 2024

In the second quarter of 2024 AO achieved a revenue of DKK 1,302m, an EBITDA of DKK 75m, and an EBT of DKK 38m. The revenue development was slightly better than expected.

Market activity in general was similar to the same period last year. With one more working day in the quarter the like-for-like sales improved over the quarter returning to positive growth towards the end of the quarter. Organic revenue development adjusted for acquisitions and number of working days was -1.6% for the quarter. Reported revenue growth was 2.8%.

Financial Highlights (DKKm)		Q2 2024	Q2 2023	H1 2024	H1 2023
Net Revenue		1,301.8	1,266.1	2,552.8	2,670.3
Gross Margin		296.3	299.0	589.2	632.9
EBITDA		75.1	92.6	143.3	214.5
EBT		37.7	57.5	71.9	140.8
Key ratios (%)
Revenue Growth Rate		2.8		(4.4)
Gross Margin		22.8	23.6	23.1	23.7
EBITDA Margin		5.8	7.3	5.6	8.0
EBT Margin		2.9	4.5	2.8	5.3

Revenue