Pieno Zvaigzdes (PZV1) Q4 2024 earnings summary

Executive summary

• Revenue for 2024 reached EUR 210.4 million, up 4.6% year-over-year; net profit declined to EUR 10.1 million from EUR 13.3 million.

• Gross profit increased slightly to EUR 50.4 million, while EBITDA fell to EUR 18.1 million from EUR 23.0 million.

• EPS for 2024 was EUR 0.22, down from EUR 0.29 in 2023.

• Sales growth was driven by higher volumes in Lithuania and other EU countries.

• No significant post-balance sheet events reported.

Financial highlights

• Revenue: EUR 210.4 million (up from EUR 201.1 million year-over-year).

• Net profit: EUR 10.1 million (down from EUR 13.3 million year-over-year).

• Gross margin: 24.0% (EUR 50.4 million gross profit on EUR 210.4 million revenue).

• EBITDA: EUR 18.1 million (down from EUR 23.0 million year-over-year).

• Operating profit: EUR 12.6 million (down from EUR 17.5 million year-over-year).

Outlook and guidance

• No explicit forward-looking guidance provided.

• Management confirmed financial statements give a true and fair view.