Berner Industrier (BERNER) Q4 2024 earnings summary

Executive summary

• Order intake in Q4 rose 28.7% year-over-year to SEK 272.2 million, with strong growth in both business areas.

• Full-year net sales increased 2.1% to SEK 962.7 million, with organic growth of 2.6%.

• Energy & Environment delivered robust performance, while Technology & Distribution faced market headwinds and restructuring costs.

• Cash flow from operating activities improved 29% year-over-year, reaching SEK 104.9 million.

• The Board proposes an increased dividend of SEK 0.95 per share.

Financial highlights

• Q4 net sales: SEK 247.3 million (+5.3% year-over-year); EBITA: SEK 14.1 million (-10.2%).

• Full-year EBITA: SEK 59.0 million (-15.1% year-over-year); EBITA margin: 6.1% (prior year: 7.3%).

• Earnings per share for the year: SEK 1.96 (prior year: SEK 2.42).

• Cash flow for the year: SEK 5.0 million (prior year: SEK 14.7 million), after voluntary loan amortization of SEK 50 million.

• Return on equity: 19.5% (prior year: 26.8%).

Outlook and guidance

• Management expects improved momentum in 2025, especially in segments that lagged in 2024.

• Cost base in Technology & Distribution has been lowered, positioning for better profitability.

• Focus remains on long-term value creation and selective acquisitions.