Amnode (AMNO) Q4 2024 earnings summary

Executive summary

• Revenue for Q4 2024 was 16.0 MSEK, down 35% year-over-year, with EBITDA at -3.2 MSEK and net loss after tax of -4.5 MSEK.

• Full-year 2024 revenue was 71.6 MSEK, an 18% decrease from 2023, with EBITDA at -4.1 MSEK and net loss after tax of -8.7 MSEK.

• Key negative impacts included the loss of a major customer, reduced orders from another, and a significant machine breakdown.

• Actions taken include new customer acquisition, supply chain stabilization, and investments in automation and sustainability.

Financial highlights

• Q4 2024 operating margin was -24.4% (1.8% in Q4 2023); full-year margin was -9.3% (-0.6% in 2023).

• Cash flow from operations was -1.4 MSEK in Q4 and -2.4 MSEK for the year.

• Net debt increased to 12.6 MSEK from 6.1 MSEK at prior year-end.

• Equity at year-end was 5.7 MSEK (1.69 SEK/share), down from 14.5 MSEK (4.27 SEK/share) in 2023.

• No dividend proposed for 2024.

Outlook and guidance

• Order situation is stable in the European power sector, but automotive sector remains weak.

• New customer deliveries begin spring 2025; several offers in progress for further growth.

• Company is evaluating loans, new share issues, or divestments to address liquidity challenges in 2025.