Beijer Alma (BEIA) Q4 2024 earnings summary

Executive summary

• Achieved organic growth and record-high operating profit for the fourth consecutive year despite a weak European industrial economy, with strong performance in Asia and the Nordics and stable but varied demand across regions and segments.

• Order bookings rose 10% to MSEK 1,874 and net revenue increased 8% to MSEK 1,823 compared to Q4 last year.

• CEO transition announced, with an interim CEO starting April 1, 2025.

• Two acquisitions completed in Q4: Lesjöfors acquired Lacroix (France) and BeijerTech acquired Brissmans Brandredskap (Sweden).

Financial highlights

• Q4 2024 net revenue: MSEK 1,823 (up 7.6% year-over-year); full year: MSEK 7,203 (up 4.7%).

• Adjusted Q4 EBIT increased 24.8% to MSEK 220; full-year adjusted EBIT up 7.0% to MSEK 923.

• Earnings per share for the year increased 37.6% to SEK 11.85; proposed dividend of SEK 3.95 per share, up from SEK 3.85.

• Net debt increased to MSEK 2,334; net debt/EBITDA at 1.8x.

• Cash flow after capex (excluding acquisitions) was MSEK 128 in Q4.

Outlook and guidance

• Continued focus on organic and acquisition-driven growth, with ongoing capacity expansions in high-demand areas and operational efficiency improvements.

• Board proposes a dividend payout of 33% of earnings, reflecting confidence in future cash flows.

• Ambition to resolve U.S. operational challenges at Alcomex within the next two quarters.