Informes Financieros

Drillcon Group's quarterly and annual reports.
2024 - Summary

DRILLCON Q2 REPORT

Despite falling prices for base metals and iron ore in the latter part of the second quarter, demand in the mining industry continued to be high. The underlying demand at Drillcon remains stable with a contracted volume that currently corresponds to approximately SEK 925 million. Our revenue in the first half of the year was SEK 223 million (236). The reduced turnover is due to operations in Chile being phased out as planned and production disruptions in Iberia. What is positive is that the operating profit after depreciation improved and for the period amounted to SEK 12.2 million (5.3) and the adjusted operating profit was SEK 17.1 million. The work to build a long-term sustainable organization in Iberia continues according to plan. A business controller and several new operators were hired during the first half of the year, while we are now seeing how former employees are beginning to apply to return to Drillcon. The underlying demand within Drillcon remains stable, which provides a basis for structural profitable growth. Despite volatile base metal and iron ore prices, we expect the underlying demand for our various drilling services will continue to remain at a good level.

Patrik Rylander - CEO