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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Awardit
Awardit (AWRD) investor relations material
Awardit has been delisted
Awardit H2 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H2 2024 earnings summary20 Feb, 2025
Executive summary
Revenue increased by 14.6% to SEK 1,314.8m for the full year, mainly driven by acquisitions; organic growth was -1.1% amid a challenging market.
EBITA rose to SEK 79.3m (76.2m), but EBIT remained negative at SEK -100.4m (-104.7m) due to significant goodwill and asset impairments.
Net result for the year was SEK -107.7m (5.4m), with EPS at SEK -12.26 (2.97); no dividend proposed for 2024.
Major events included a change in CEO, a switch to semi-annual reporting, a stock exchange move to NGM Nordic SME, and the loss of a key German customer contract.
Financial highlights
Full-year revenue: SEK 1,314.8m (1,147.4m), up 14.6% year-over-year; H2 revenue: SEK 724.1m (677.6m), up 6.9%.
Adjusted EBITA for the year: SEK 84.4m (84.0m); EBITA margin: 6.0% (6.6%).
EBIT for the year: SEK -100.4m (-104.7m); EBIT margin: -7.6% (-9.1%).
Cash flow from operations: SEK 98.0m (33.0m); cash and equivalents at year-end: SEK 198.4m (287.7m).
Net debt improved to SEK -183.8m (-93.0m), reflecting strong liquidity.
Outlook and guidance
Organic growth remains a challenge in a tough market, especially after the loss of a major German client.
No dividend proposed for 2024 to preserve capital.
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Frequently asked questions
Awardit AB operates a loyalty programs in Sweden. Awardit was founded in 2008, and is a subsidiary of the major chain bookstore Adlibris AB (publ.) The goal of Awardit is to create a program that stimulates repeat purchases at partner restaurants and stores, keeping customer loyalty high. Customers who join Awardit will be rewarded when they make purchases both online and offline at our partners shops. The company was founded in 1999 and is based in Stockholm, Sweden.