ITAB Shop Concept AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024
July 12, 2024 at 02:00 am EDT
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ITAB Shop Concept AB (publ) reported earnings results for the second quarter and six months ended June 30, 2024. For the second quarter, the company reported sales was SEK 1,685 million compared to SEK 1,504 million a year ago. Net income was SEK 95 million compared to SEK 56 million a year ago. Basic earnings per share from continuing operations was SEK 0.44 compared to SEK 0.24 a year ago. Diluted earnings per share from continuing operations was SEK 0.44 compared to SEK 0.24 a year ago. Basic earnings per share was SEK 0.44 compared to SEK 0.26 a year ago. Diluted earnings per share was SEK 0.44 compared to SEK 0.26 a year ago.
For the six months, sales was SEK 3,261 million compared to SEK 3,009 million a year ago. Net income was SEK 195 million compared to SEK 89 million a year ago. Basic earnings per share from continuing operations was SEK 0.9 compared to SEK 0.42 a year ago. Diluted earnings per share from continuing operations was SEK 0.9 compared to SEK 0.42 a year ago. Basic earnings per share was SEK 0.9 compared to SEK 0.41 a year ago. Diluted earnings per share was SEK 0.9 compared to SEK 0.41 a year ago.
ITAB Shop Concept AB is a Sweden-based company engaged in the development, manufacture, marketing and installation of shop fitting concepts and products for chain stores in the food and non-food segments. The Companyâs product portfolio comprises equipment for the checkout aisle, self-checkout solutions, flexible entrance and exit systems, as well as lighting systems. In addition, It offers custom-made shop concepts and light planning and service. The Company operates worldwide, including the United Kingdom, Poland, Germany, Hungary, Lithuania, Latvia, Russia, and the Nordic countries, among others. Furthermore, It is a parent of a number of entities, such as AB ITAB Novena, ITAB Germany Gmbh, ITAB Konsult AB, ITAB Pharmacy AB, Nordic Light Group AB, ITAB Pan-Oston Oy, ITAB Shop Concept AS, New Store Europe Denmark AS and JPD.
ITAB SHOP CONCEPT AB 
