Arvo Sijoitusosuuskunta (ARVOSK) H2 2024 earnings summary

Executive summary

• Full calendar year as a listed entity on Nasdaq First North Growth Market Finland, with trading volume of €3.7 million and 71,000 units changing hands.

• Strong performance with new investments, successful exits, and positive development in portfolio companies.

• Parent company’s result is key for annual profit distribution; 2024 result €5.2 million.

Financial highlights

• Group operating profit for 2024 was €2.5 million, up from €2.1 million year-over-year.

• Group net profit for 2024 was €2.9 million, up from €1.4 million year-over-year.

• Earnings per share for the group were €3.60 (previous year: €1.74).

• Parent company net profit was €5.2 million (previous year: €3.3 million); EPS €6.39 (previous year: €4.06).

• Group’s return on invested capital was 3.6% (previous year: 3.4%).

• Equity ratio at year-end was 89.9%.

Outlook and guidance

• No short-term outlook published, but targets include annualized return on invested capital of at least 7.5%, equity ratio above 60%, and stable profit distribution of 60–80% of parent company profit.

• Economic environment expected to improve with lower interest rates and increased investment appetite in 2025.