Technology company Dynavox reports increased sales in the second quarter compared to the same period last year. Operating profit increased.

Sales increased 24.9 percent to SEK 476 million (381). Organic sales growth was 17 percent (20).

"We continue to see stable growth across all geographies and user groups and continue to see a strong inflow of new prescriptions," said CEO Fredrik Ruben in a comment.

Gross profit amounted to SEK 327 million (258), with a gross margin of 68.7 percent (67.7).

The Ebitda result was SEK 100 million (65), with an Ebitda margin of 21.0 percent (17.1).

Operating profit amounted to SEK 53 million (29), with an operating margin of 11.1 percent (7.6).

Profit after tax amounted to SEK 36 million (17), an increase of 111.8 percent compared to the previous year.

Earnings per share amounted to SEK 0.32 (0.16), an increase of 100.0 percent compared to the previous year.

Cash flow from operating activities amounted to SEK 42 million (30).

"The fact that our market is still in an early phase with very low penetration means
great long-term potential. The vast majority of people in need of assistive technology for communication do not know about or are not reached by information about the solutions that we and our industry colleagues offer. Our strong product offering and our dedicated employees are further key success factors for the future. All in all, this means that I remain optimistic for both the second half of the year and the longer term", says Fredrik Ruben.

Dynavox, SEKm Q2-2024 Q2-2023 ChangeNet sales 476 381 24.9%Organic sales growth, percent 17 20 -15.0%Gross profit 327 258 26.7%Gross margin 68.7% 67.7%Ebitda 100 65 53,8%Ebitda margin 21.0% 17.1%Operating profit 53 29 82.8%Operating margin 11.1% 7.6%Net profit 36 17 111.8%Earnings per share, SEK 0.32 0.16 100.0%Cash flow from operating activities 42 30 40.0%