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Heeros (HEEROS) investor relations material
Heeros Q4 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved strong Q4 performance, exceeding full-year targets in new sales and profitability despite a decline in transaction volumes impacting revenue growth.
Revenue grew 1% year-over-year to €11.4 million, with improved profitability, cash flow, and new sales compared to 2023.
Adjusted EBITDA increased 10% to €2.9 million, representing 26% of revenue.
Net income rose to €619 thousand from €177 thousand, and operating cash flow surged 86% to €3.8 million.
Accountor Finago Oy made a recommended public cash tender offer for all shares and options in November 2024.
Financial highlights
Q4 revenue rose 3% year-over-year to €2.9M; full-year revenue up 1% to €11.4M.
Q4 EBITDA dropped 80% to €0.2M due to one-off restructuring and tender offer costs; adjusted EBITDA for Q4 down 27% to €0.6M.
Full-year adjusted EBITDA increased 10% to €2.9M; EBITDA-Cash up 39% to €1.75M.
Operating profit (EBIT) up 156% to €749 thousand; adjusted EBIT up 117% to €1.0 million.
Earnings per share (EPS) at €0.12 (diluted €0.11); equity ratio 70%, ROE 8%.
Outlook and guidance
No financial guidance for 2025 due to the pending Accountor Finago Oy tender offer.
Management highlights improved sales execution and expects continued focus on EBITDA-Cash improvement.
Management sees strong positioning for 2025, with readiness to pursue growth and profitability opportunities.
Order intake for ARR in Q4 was €199K, up 77% quarter-on-quarter and 28% year-over-year, indicating positive momentum for future growth.
- Profitability and growth accelerate as operational focus and efficiency drive strong 2024 results.HEEROS
Investor presentation - Stable revenue, rising profitability, and strong sales pipeline set the stage for 2025 growth.HEEROS
Investor presentation - EBITDA margin surged, net debt was eliminated, and growth is secured for late 2024 and 2025.HEEROS
Q3 2024 - Q2 2024 EBITDA surged 94%, with strong profitability, cash flow, and sales momentum.HEEROS
Q2 2024
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