Arctic Blue Beverages (ARCTIC) Q4 2024 earnings summary

Executive summary

• Full-year 2024 revenue was SEK 5,130 thousand, down 20% year-over-year, but Q4 sales rose 22% sequentially and 21% year-over-year, driven by new product launches and expanded e-commerce.

• EBITDA improved to SEK -13,212 thousand for 2024 from SEK -14,972 thousand in 2023; net loss narrowed to SEK -16,702 thousand from SEK -18,360 thousand.

• Major launches included the Arctic Blue Showroom Distillery in Helsinki, Nightwish Gin, and a new webshop serving seven European countries.

• Strategic focus shifted to e-commerce and new product development to offset export market challenges.

Financial highlights

• Q4 2024 revenue: SEK 1,350 thousand (up 21% year-over-year); full-year revenue: SEK 5,130 thousand (down from SEK 6,415 thousand in 2023).

• Q4 EBITDA: SEK -3,893 thousand (vs. SEK -3,093 thousand in Q4 2023); full-year EBITDA: SEK -13,212 thousand (vs. SEK -14,972 thousand).

• Q4 net loss: SEK -5,096 thousand (vs. SEK -3,668 thousand); full-year net loss: SEK -16,702 thousand (vs. SEK -18,360 thousand).

• Cash and cash equivalents at year-end: SEK 764 thousand.

• Equity ratio at year-end: -98%.

Outlook and guidance

• Positive sales momentum in Q4 expected to support growth in 2025, with new products and expanded e-commerce as key drivers.

• Focus remains on strengthening equity and improving profitability.