BrandBee (BRANDB) Q4 2024 earnings summary

Executive summary

• Q4 2024 saw net sales rise to 3.6 MSEK from 1.4 MSEK year-over-year, with EBITDA improving to 1.3 MSEK from -0.1 MSEK, indicating successful strategic execution.

• Full-year 2024 net sales increased 21% to 11.7 MSEK, with EBITDA at -4.3 MSEK, an improvement from -5.4 MSEK in 2023.

• EBIT for 2024 was -21.1 MSEK, improved from -32.2 MSEK, but impacted by 18.5 MSEK in one-time depreciation costs.

• Portfolio expanded with acquisitions of Å-Data and Itevo, expected to strengthen cash flow and broaden offerings.

Financial highlights

• Q4 2024 total revenue: 4.6 MSEK (1.5 MSEK in Q4 2023); full-year: 12.7 MSEK (9.7 MSEK in 2023).

• Q4 EBIT: -14.3 MSEK (-4.1 MSEK in Q4 2023); full-year EBIT: -21.1 MSEK (-32.2 MSEK in 2023).

• Q4 EPS: -1.55 SEK (-4.00 SEK); full-year EPS: -2.1 SEK (-3.1 SEK).

• Cash flow from operations for 2024: -1.9 MSEK; new share issues raised 26.7 MSEK.

• Year-end cash position: 0.02 MSEK; short-term liabilities: 20.4 MSEK.

Outlook and guidance

• Focus remains on identifying and investing in growth companies and integrating new acquisitions.

• Continued strategy to drive long-term shareholder value and expand holdings.

• No dividend proposed for 2024.