Acenta Group (PADEL) Q4 23/24 earnings summary

Executive summary

• Net sales for Q4 2023/2024 were 118 Tkr, with full-year sales at 386 Tkr; EBIT for Q4 was -1,074 Tkr and for the year -8,434 Tkr.

• Result before tax for Q4 was -7,460 Tkr and for the year -51,310 Tkr; EPS for Q4 was -0.05 kr and for the year -0.13 kr.

• Major restructuring included divestment of subsidiaries, capital reductions, and preparations for a reverse acquisition.

Financial highlights

• Q4 net sales dropped to 118 Tkr from 2,810 Tkr year-over-year; EBIT improved to -1,074 Tkr from -5,877 Tkr.

• Full-year net sales were 386 Tkr; EBIT was -8,434 Tkr; result before tax was -51,310 Tkr.

• Cash flow from operations in Q4 was -281 Tkr; cash at period end was 6 Tkr.

• Equity at September 30, 2024, was -7,763 Tkr, up from -13,194 Tkr at June 30, 2024.

Outlook and guidance

• Bonzun plans a reverse acquisition of Acenta AS, shifting focus to the padel industry and international growth.

• Name change to Acenta Group AB and divestment of current operations are planned, pending shareholder and Nasdaq approval.