Fractal Gaming Group AB (STU:5HS)
€ 2.75 0.08 (3%) Market Cap: 82.33 Mil Enterprise Value: 80.65 Mil PE Ratio: 34.22 PB Ratio: 2.28 GF Score: 62/100
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Q3 2024 Fractal Gaming Group AB Earnings Call Transcript

Oct 24, 2024 / 09:00AM GMT
Release Date Price: €2.89
Jonas Holst
Fractal Gaming Group AB - CEO

Hi, everyone, and welcome to today's presentation of the Q3 report for Fractal Gaming Group.

Today, we will be presenting the key highlights from our just released Q3 quarterly report, focusing both on the headwinds that we have been facing and the positive outlook that we see ahead for our company and industry. We are, of course, happy to answer any questions that you might have either in the end of the call or if you reach out to us individually.

We will start with some general comments from Q3 and the changes in the headwinds that we are facing and the long-term positive outlook that we believe can take us back to growth already by end of year.

Our net sales for the quarter was SEK157 million, representing a decrease of 17.5% in SEK, but 13.9% organically. This development is in line with our expectations following the high comparative numbers that we are facing from Q3 2023, a quarter where we saw a very strong growth of 45% year on year.

We are seeing a gradual improvement in the market compared to the first half of

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