Mips AB (STU:7M1)

€ 40.62 -0.04 (-0.1%) Market Cap: 1.08 Bil Enterprise Value: 1.06 Bil PE Ratio: 119.75 PB Ratio: 21.33 GF Score: 94/100

Q2 2024 Mips AB Earnings Call Transcript

Jul 18, 2024 / 08:00AM GMT

Release Date Price: €37.02 (+3.99%)

Transcript

Max Strandwitz

Mips AB - Chief Executive Officer

Good morning, everyone. My name is Max Strandwitz, and I am the CEO of Mips. With me today, I also have Mips CFO, Karin Rosenthal, and we will walk you through the Q2 results presentation. And if we start with the first quarter and the key highlights, it was a strong quarter with 31% organic growth. Year-to-date, organic growth is now at 14%.

We saw good development in all categories and in all regions, which is, of course, very good to see in these times. The interest in implementing Mips safety system in new helmets remained high. You see that also in the project revenues in the quarter and we continue to increase the market share and the penetration of Mips throughout the world.

No change of previous assumption of a gradual recovery of growth in 2024, and that, of course, continue also into the second quarter and we remain confident in our long-term strategy and our financial targets.

If we then start with sport, we saw strong development in bike and snow with 33%, but also good performance in the little smaller subcategory

Already have an account? Log in

Get the full story

Start 7-Day Free Trial

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

30-Day 100% money back guarantee

You are not charged until the trial ends. Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Mobile App 中文

Education

Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.