Enento Group Oyj has released its Q3 2024 financial report, highlighting a period of strategic challenges and operational adjustments. The company reported net sales of EUR 36.8 million, a 2.4% decrease compared to the previous year, and an adjusted EBITDA of EUR 13.8 million, marking a 6.0% decline.

The following table summarizes the key performance indicators (KPIs) for Q3 2024:

Compared to previous quarters, the company has faced continued pressure in its Swedish and Finnish consumer credit markets, contributing to the revenue decline. The adjusted EBITDA margin also fell to 37.5% from 38.9% in Q3 2023. However, the company's Efficiency Program has achieved over 100% of its targeted EUR 10 million run-rate savings by the end of the third quarter.

Despite the challenges, Enento Group's Business Insights segment showed solid performance, with strong sales growth in Norway and stable development in Finland. The share of net sales from new services improved to 16.6%, driven by innovations in Swedish daily credit register and real estate information services.

The company's outlook remains cautious due to the uncertain economic environment, particularly in the Swedish consumer credit sector. However, signs of stabilization are emerging, which may help improve revenue development in the latter half of 2024.

Conclusion: For investors, the current financial indicators suggest cautious optimism. While Enento Group is navigating a challenging market landscape, its strategic focus on cost control and new service development could provide long-term value. The current financial health, as indicated by strong free cash flow and cash conversion, supports continued shareholder returns, including dividend payments.