HC Andersen Capital Events 25/08: Mød topledelsen i Photocat, Hafnia, Agillic, Impero og Bavarian Nordic
HC Andersen Capital afholder i dag en række spændende events, hvor du kan møde og stille spørgsmål direkte til topledelsen. Det er frit for alle og gratis at deltage.
Photocat – Presentation of H1 2023 results
This week Photocat released its H1 2023 results, which showed strong growth momentum realizing a growth of 40% YoY, and at the same time being profitable. Despite challenging market conditions in the construction industry, Photocat maintained its full year 2023 guidance, a guidance that indicates conitueed growth with expected growth rates of 14-24%.
The H1 results and achievements on building future growth drivers will be the focus when the management on 25 August will present the results at an event, where you also can ask questions live.
Photocat is a GreenTech company that manufactures patented coating materials for both outdoor and indoor applications to degrade NOx and VOCs when exposed to light. Photocat’s technology is used on different surfaces that reduce air pollution and harmful substances. The treatments are branded under different products, including NOxOFF, actiFLOOR, Photocat Garden, and ShineOn
Disclaimer: HC Andersen Capital receives payment from Photocat for a Digital IR/Corporate Visibility subscription agreement. /Michael Friis 16:25 24/08-2023.
Fredag den 25. august kl. 10:00 - 10:30
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Hafnia – Presentation of Half-year report 2023
We have the pleasure of inviting you to Hafnia’s Q2 2023 presentation, where CEO Mikael Skov will take us through the numbers and discuss the latest trends in the tanker business. The event will take place on Friday the 25th of August at 10:30 am.
The report is expected earlier the same day on Friday the 25th of August. Hafnia is not guiding themselves, either on a full year or on a quarterly basis.
Consensus expectations according to Refinitiv, among 4 analysts, are for a TCE Income of USDm 334.5 while EBITDA and Net Income are expected at USDm 243.5 and USDm 170.5 respectively in Q2 2023. In historical terms, these are record-breaking numbers but are a little lower than realized numbers in both Q1 2023 and Q2 2022, and thus reflect that rates have come down during 2023.
Hafnia has paid quarterly dividends every quarter since Q1 in 2022 and is expected to do the same for the coming quarter. In Q1 2023, dividends were at USD 0.3044 per share equal to 60% of Net Profit. Current consensus expectations for Q2 2023 are for a dividend of USD 0.230 per share or NOK 2.40 per share, equal to a yield of approx. 4.1% at the current share price and exchange rate.
Disclaimer: HC Andersen Capital receives payment from Hafnia for a Digital IR/Corporate Visibility subscription agreement. /Rasmus Køjborg, CFA at 11:15 on 15/08-2023.
Fredag den 25. august kl. 10:30 - 11:00
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Agillic – Presentation of Q2 results and H1 report 2023
Agillic has released its H1 2023 report with an adjustment of its full-year 2023 guidance on top-line (ARR and revenue) due to cautious buying behavior and a decline in ARR transactions. EBITDA guidance remains unchanged.
In H1 2023, Agillic reported revenue of DKK 32.7m (DKK 29.6m in H1 2022), corresponding to a growth rate of 10% YoY. Agillic improved its EBITDA to DKK 1.0m in H1 2023 (DKK -1.7m in H1 2022) in line with the company’s focus on operational excellence.
Total ARR grew to DKK 66.4m (DKK 64.2m by the end of H1 2022), corresponding to a growth rate of 3% YoY. ARR subscriptions increased by 11% and ARR transactions declined by -21%. As a result of a significant global price increase on SMS transactions, some customers have switched to less expensive communication channels offered by Agillic’s platform. This explains the decline in ARR transactions and revenue from transactions. Since the gross margin is low on SMS transactions, this will only have a limited effect on EBITDA.
Agillic has seen more cautious buying behavior from companies during 2023 and expects this to continue into the second half of 2023. As a result, Agillic now expects revenue in the range of DKK 67-70m (previously DKK 79-83m), total ARR in the range of DKK 70-77m (previously DKK 89-95m) with ARR subscriptions in the range of DKK 56-60m (previously DKK 66-70m) and ARR transactions in the range of DKK 14-17m (previously DKK 23-25m). With a high focus on profitability and operational excellence, Agillic maintains its 2023 EBITDA guidance in the range of DKK 1-4m.
Agillic's main strategic financial goals remain double-digit growth in ARR subscriptions, positive cash flow operations, a positive EBITDA, and positive cash-adjusted EBITDA in 2024.
Friday at 11:00, Agillic’s CEO Emre Gürsoy and CFO Claus Boysen will present the H1 report and answer questions from the audience in a virtual live event.
Disclaimer: HC Andersen Capital receives payment from Agillic for a Corporate Visibility/Digital IR subscription agreement. /Kasper Lihn 08:30, 24/08-2023.
Fredag den 25. august kl. 11:00 - 11:30
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Impero - Præsentaton af halvårsregnskabet H1 2023
Impero har offentliggjort regnskabet for H1 2023. Med en ARR på DKK 27,6 mio. ved udgangen af juni 2023 har Impero leveret en ARR-vækst på 40% YoY. Forventningerne til 2023 fastholdes.
Væksten på 40% YoY ligger fortsat i den høje ende af selskabets 2023 ARR guidance-interval om at vokse ARR med mellem ca. 28% og 46% ved udgangen af 2023. Væksten i første halvår af 2023 er både drevet af nye kunder (24 i H1 2023 vs. 14 i H1 2022) på tværs af Tyskland, Danmark, Sverige og Irland samt opsalg til eksisterende kunder på 21%. Med en fortsat lav churn rate på 4% forbedrer Impero dermed også net revenue retention rate til 117% (112% ved H1 2022).
Omsætningen i H1 2023 steg med 42%, mens kapacitetsomkostningerne steg 2%. Dette har forbedret EBITDA til DKK -6,8 mio. i H1 2023 (DKK -9,9 mio. i H1 2022). Dermed fastholder Impero EBITDA guidance for 2023 på mellem DKK -13 mio. og DKK -11 mio.
Impero har også haft et stort fokus på ESG i H1 2023, hvor selskabet som tidligere kommunikeret i juni har lanceret en CSRD platformsløsning og indgået et partnerskab med KPMG Danmark. Den nye løsning åbner for nye vækstmuligheder, både fra opsalg til eksisterende kunder samt salg til nye kunder. Væsentligt er også, at Impero har forbedret kapitaleffektiviteten, der ses gennem en forbedret Free Cash Flow/Net New ARR ratio. Set over de seneste 12 rullende måneder har denne ratio været på -2,0 ved Q2 2023 (mod tidligere -2,4 i Q1 2023 og -3,5 ved udgangen af 2022).
På kapitalsiden melder Impero også, at man med en kassebeholdning på DKK 10,9 mio. fortsat har fleksibilitet. Selskabet kommenterer dog også, at de ser ind i spændende muligheder og evaluerer deres finansieringsbehov, der kan understøtte yderligere investeringer i vækst.
Fredag d. 25. august kl. 13:00, kan du møde og stille spørgsmål til Imperos CEO Rikke Stampe Skov og CFO Morten Lehmann Nielsen, der vil præsentere resultaterne fra Imperos første halvår af 2023.
Dislcaimer: HC Andersen Capital modtager betaling fra Impero for en Digital IR/Corporate Visibility abonnementsaftale. /Kasper Lihn kl. 13:33 d. 24/08-2023.
Fredag den 25. august kl. 13:00 - 13:30
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Bavarian Nordic – Q2, rejsevacciner viser forsat stærk vækst
Mød og stil spørgsmål til Head of IR Rolf S. Sørensen den 25. August kl. 13:00. Eventet vil fokusere på 2. kvartal og større begivenheder efter kvartalets afslutning, og hvad der ligger af forventninger til vækst i de enkelte produkter i guidance for helåret 2023. Selve præsentationen forventes at tage 15 -20 min., herefter er der mulighed for spørgsmål.
Bavarian Nordic har under sommeren været ude med 2 opjusteringer til guidance for 2023, opnået yderligere positive resultater med fase 3 studiet i Chikungunya, men desværre levede RSV ikke op til forventningerne. Derudover modtog de en større ordre fra Barda i USA på MPOX.
Disclaimer: HC Andersen Capital modtager betaling fra Bavarian Nordic for en Digital IR aftale. /Claus Thestrup kl. 09:10 15/08-2023.
Fredag den 25. august kl. 13:00 - 13:30
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Mie Halse
Head of Digital and Events
mie@hcandersencapital.dk
+45 28746640
HC Andersen Capital digitaliserer relationen mellem børsnoterede selskaber og investorer. Vi arbejder langsigtet for selskaber, der ønsker mere synlighed i markedet. #DemocraticIR - HC Andersen Capital arbejder for at demokratisere adgangen til det finansielle marked.