NetJobs Group AB (NJOB: STO), a job board operator based in Stockholm, Sweden, published its Q3 report on 29 November. Earlier this year, on 28 June 2024, the group handed over its operations to Swedish investment firm Trottholmen AB.

The costs incurred in the third quarter are attributable to ongoing management costs as well as the business transfer.

CEO Niklas Eriksson stated that the company plans to continue with its strategic review. “This means that the board will investigate the possibility of acquiring one or more businesses, which can create value for the shareholders in the company,” Eriksson said.

If this is not possible, the board said it may propose at a general meeting to liquidate the company and that the funds available in the NetJobs at this time should be distributed to its shareholders.

EBITDA amounted to SEK -0.5 million (approximately €43,000) in Q3 2024, compared to -0.6 million (approximately €52,000) in Q3 2023. This corresponded to an EBITDA margin of 0% (-14.5% in Q3 2023).

For the nine-month period, revenue stood at SEK 9.3 million (€0.8 million), down 30.0% from the prior year period.

As of last trade, NetJobs Group shares traded at SEK 0.338 (€0.029), down 2.87% on the day and 37.40% above the 52-week low of SEK 0.246 (€0.021) set on 3 June 2024. The company has a market cap of SEK 10.24 million (€0.8 million).