Brd. Klee (KLEE) H2 2024 earnings summary

Executive summary

• Revenue increased to DKK 316.3m in 2023/24, up DKK 74.9m year-over-year, mainly due to the acquisition of Elektro Gruppen A/S.

• Profit before tax was DKK 16.4m, below the prior guidance of DKK 25–30m, due to lower general sales and new amortizations.

• Net income was DKK 12.5m, a decrease of DKK 4.3m compared to the previous year.

• Equity rose to DKK 129.8m, but the equity ratio declined from 70.3% to 55.9%.

• No significant post-balance sheet events affecting financial position.

Financial highlights

• Operating profit (EBIT) was DKK 19.0m, down from DKK 22.9m year-over-year.

• Earnings per share (EPS) was DKK 214.14, down from DKK 277.79 year-over-year.

• Cash flow from operations increased to DKK 29.96m, up DKK 7.8m from last year.

• Investments totaled DKK 24.2m, including acquisitions.

• Dividend proposed at DKK 85.14 per DKK 100 share, representing 47.6% of total income.

Outlook and guidance

• 2024/25 profit before tax expected between DKK 19m and DKK 24m.

• Net income attributable to Brd. Klee A/S expected between DKK 10m and DKK 15m.