Balyo (BALYO) Q4 2024 TU earnings summary

Executive summary

• 2024 sales increased by 9% to €29.1 million, driven by strong Q4 growth and direct sales focus.

• Direct sales accounted for 86% of annual order intake, with the US becoming the largest market.

• Successful €36.6 million capital increase in November 2024 strengthened the balance sheet.

Financial highlights

• Q4 2024 sales rose 22% year-over-year to €8.3 million; full-year sales reached €29.1 million, up from €26.7 million in 2023.

• Order intake for 2024 was €26.9 million, down 26% year-over-year due to an unfavorable base effect.

• Backlog stood at €21.9 million as of December 31, 2024.

• Cash position at year-end was €22.6 million, up from €5.5 million at September 30, 2024.

Outlook and guidance

• Plans to accelerate direct sales model deployment in 2025 to drive further sales growth.

• Focus on innovation and maintaining a controlled cost structure in the coming year.