Acroud (ACROUD) Q4 2024 earnings summary

Executive summary

• Q4 2024 revenue grew 5% year-over-year to EUR 10.4 million, with organic growth of 8.9%.

• Full-year 2024 revenue declined 2% to EUR 38.6 million, but organic growth was 3.8%.

• Adjusted EBITDA for Q4 was EUR 1.2 million, down 16% year-over-year; full-year adjusted EBITDA fell 26% to EUR 4.7 million.

• Net loss after tax in Q4 was EUR -3.9 million, improved from EUR -8.0 million last year; full-year net loss was EUR -2.6 million, a significant improvement from EUR -31.2 million in 2023.

• Major restructuring completed post-Q4, reducing debt, improving liquidity, and consolidating full ownership of subsidiaries.

Financial highlights

• Q4 adjusted EBITDA margin was 11% (down from 14%); full-year margin was 12% (down from 16%).

• Q4 profit after tax adjusted for non-recurring items was EUR -1.1 million; full-year adjusted loss was EUR -2.8 million.

• Q4 earnings per share after dilution was EUR -0.023; adjusted EPS was EUR -0.006.

• Cash flow from operating activities in Q4 was EUR 911 thousand; full-year operating cash flow was EUR 4.2 million.

• Net debt at year-end was EUR 15.9 million; net debt/adjusted EBITDA ratio was 3.4x.

Outlook and guidance

• Management expects the effects of restructuring to materialize in 2025, with a focus on high-margin, scalable digital marketing and SaaS business models.

• Strategic shift towards diversified digital marketing and SaaS, aiming for high growth and margin.

• Target to reduce net debt/EBITDA to 2.5x or lower by December 2025.