Bredband2 i Skandinavien (BRE2) Q4 2024 earnings summary

Executive summary

• Net sales for 2024 reached SEK 1,727 million, up 9.4% year-over-year, with Q4 growth at 10.2%.

• EBIT for 2024 was SEK 148.2 million, a 23.5% increase compared to 2023.

• EBITDA for the year totaled SEK 286.6 million, up from SEK 262.8 million.

• Net income for 2024 was SEK 109.3 million, up from SEK 85.3 million the previous year.

• Customer base grew to approximately 514,400 broadband customers, supported by acquisitions.

Financial highlights

• Q4 net sales: SEK 444.7 million (Q4 2023: SEK 403.4 million).

• Q4 EBIT: SEK 39.0 million (Q4 2023: SEK 35.9 million).

• Q4 net income: SEK 29.6 million (Q4 2023: SEK 25.8 million).

• EPS for 2024: SEK 0.114 (2023: SEK 0.089).

• Board proposes increased dividend to SEK 0.10 per share, totaling SEK 95.7 million.

Outlook and guidance

• Focus remains on growth, especially in the corporate segment, with increased marketing budget for 2025.

• Continued investment in digital customer journey and AI-driven service improvements.

• Expectation of positive effects from organizational changes and integration of recent acquisitions.

• Ongoing expansion in both private and corporate markets, with emphasis on security services.