Blick Global Group (BLICK) Q4 2024 earnings summary

Executive summary

• Completed transformation into a pure investment company, focusing on future-oriented sectors to maximize shareholder value over the medium and long term.

• Strategic shift supported by new listing on Spotlight and investments in CoreWeave Inc and Klarna Group plc.

• Ongoing cost-saving measures, including auditor change and accounting principle adjustments.

Financial highlights

• Full-year 2024 revenue was 242 KSEK, down from 30,643 KSEK year-over-year.

• EBITDA for 2024 was -1,580 KSEK, compared to 7,675 KSEK in 2023; EBITDA margin 0% (26%).

• EBIT for 2024 was -1,580 KSEK, down from 4,184 KSEK in 2023.

• Net result per share for 2024 was -0.15 SEK, compared to -9.08 SEK in 2023.

• Cash and cash equivalents at year-end were 2,903 KSEK, down from 10,903 KSEK.

Outlook and guidance

• Focus remains on long-term shareholder value and low costs, with proactive identification of investments in AI, fintech, and digital transformation.

• No intention to be a long-term owner in listed companies; will seek divestments and new unlisted opportunities.