aktsiaselts Linda Nektar (LINDA) H2 2024 earnings summary

Executive summary

• Revenue increased 2.2% year-over-year to EUR 2,543,793, in line with management guidance.

• Net loss widened to EUR 146,343 from EUR 130,660 year-over-year, mainly due to higher operational costs.

• Sales outside the EU formalized as a product launch, with further revenue expected in H1 2025.

• Focus for 2025 is on operational optimization, export capability, and new non-alcoholic product development.

• No foreign exchange risk on new export contracts as sales are fixed in EUR.

Financial highlights

• Total assets decreased 9.4% year-over-year to EUR 3,409,922.

• Cash and cash equivalents at year-end were EUR 125,136, down from EUR 316,256.

• Operating cash flow positive at EUR 151,985, but less than half of 2023 due to finished goods in transit.

• EUR 157,240 invested in fixed assets, with EUR 66,466 in government grants received.

• Dividends paid totaled EUR 126,412, with income tax on dividends at EUR 20,578.

Outlook and guidance

• 2025 revenue guidance set at EUR 2.6m, indicating a flat outcome compared to 2024.

• Further revenue from new export markets expected in H1 2025, dependent on local market success.

• Continued focus on gradual improvement, innovation, and portfolio expansion.