Auroora Group (AUROORA) Q4 2024 earnings summary

Executive summary

• Achieved 18% year-over-year net sales growth to €142.6M, driven by five acquisitions and organic expansion.

• Adjusted EBITA rose 51.9% to €9.0M (6.3% margin), with operating profit up 107.7% to €3.9M.

• LTM net sales reached €159.8M (+26.7%), and LTM EBITA €11.9M (+94.6%), reflecting acquisition success.

• Transitioned to IFRS reporting, restructured group, and advanced sustainability initiatives.

Financial highlights

• Net sales: €142.6M (2024) vs €121.0M (2023, pro forma), +17.9%.

• Adjusted EBITA: €9.0M (6.3% margin) vs €5.9M (4.9%), +51.9%.

• Operating profit: €3.9M (2.7% margin) vs €1.9M (1.5%), +107.7%.

• Net cash flow from operations: €16.9M vs €2.3M, +636.5%.

• Equity ratio: 48.8%.

• Net debt/adjusted EBITDA (LTM): 1.4x, improved from 2.8x.

Outlook and guidance

• Plans for major acquisitions in 2025, aiming to match or exceed 2024's acquisition pace.

• Focus on international growth, especially in Sweden and Norway.

• Continued investment in AI capabilities and sustainability compliance.