Arbona (ARBO) Q4 2024 earnings summary

Executive summary

• Net revenue for 2024 reached 636.2 MSEK, a significant increase from 49.6 MSEK year-over-year, driven by multiple acquisitions.

• EBITA improved to 25.7 MSEK from -3.6 MSEK, while EBIT was -1.6 MSEK, impacted by acquisition-related goodwill amortizations.

• Net income after tax was 177.8 MSEK, down from 291.2 MSEK, with EPS at 0.34 SEK (0.56 SEK prior year).

• Operating cash flow strengthened to 69.3 MSEK from 29.5 MSEK.

• Equity per share increased nearly 11% to 3.68 SEK.

Financial highlights

• Revenue for July–December 2024 was 446.6 MSEK (28.5 MSEK prior year); EBITA 13.4 MSEK (-2.3 MSEK), EBIT -5.5 MSEK (-3.7 MSEK).

• Cash flow from operations for H2 2024 was 62.2 MSEK (32.9 MSEK prior year).

• Total assets at year-end were 2,251.2 MSEK (1,788.5 MSEK prior year).

• Equity attributable to parent shareholders was 1,913.2 MSEK (1,729.3 MSEK prior year).

• Soliditet (equity ratio) was 85.0% (96.7% prior year).

Outlook and guidance

• Management expects improved profitability in 2025 if macroeconomic conditions do not deteriorate further.

• Strategy remains to build strong business groups, with potential future spin-offs and listings.