According to the results of Q3 2024, the company's

[tanjimajuha20]

On November 14, a press event was held dedicated to the presentation of the main unaudited financial results for the third quarter and nine months of 2024 of PJSC Softline. Vladimir Lavrov, General Director of Softline, noted that the past quarter was very eventful and dynamic both for the company itself and for the Russian market as a whole. He highlighted several key events for the group:

- Softline plans to buy back up to 20 million shares over the next year, which is about 5% of the total. In addition, the company has issued an additional 76 million shares, bringing its authorized capital to 400 million. This is part of a strategy aimed at supporting the cumulative acquisition (M&A) mechanism;

- The company's free float reached 16%;

- Over the past three indonesia telegram quarters, Softline has been actively implementing a strategy to enter international friendly markets. Offices have been opened in Vietnam, Kazakhstan, Uzbekistan and the United Arab Emirates, which has become the basis for the creation of a Middle Eastern hub;

- In 2024, the company concluded nine transactions (M&A) and completed the second stage of the exchange of 10.2 million shares.

Vladimir Lavrov told a ComNews correspondent that the investments were directed to specific markets and Softline achieved the intended goals: "We already have the first sales and results, and we will continue to study and analyze the situation. In the selected markets, we see several directions in which we will develop both with our own products and with partners and projects. These directions will allow us to successfully cooperate with large industrial players. Summing up, we can say that we have accomplished the tasks set."

turnover reached RUB 28.3 billion, an increase of 28% compared to the figure recorded for Q3 2023. In the turnover structure, almost a third of the figure came from sales of the group's own solutions; gross profit increased by 43% year-on-year and amounted to RUB 8.2 billion. The share of gross profit received by the group from the sale of highly profitable solutions of its own production amounted to 65%. As a result, the company's gross margin reached 29% (+3 p.p. year-on-year); Adjusted EBITDA more than doubled, to RUB 1.2 billion, in Q3 2024; net profit for the reporting period exceeded RUB 2 billion after a loss a year earlier.