Consensus Asset Management (CAM) Q4 2024 earnings summary

Executive summary

• Revenue increased 8.7% in Q4 to 16.3 MSEK and 6.3% for the year to 68.9 MSEK year-over-year.

• Operating result improved to -2.5 MSEK in Q4 (from -3.9 MSEK) and to -3.3 MSEK for the year (from -10.2 MSEK) year-over-year.

• Fixed management and insurance fees rose 21% in Q4 and 11% for the year, now 40% of total income.

• Assets under management reached 9.5 billion SEK at year-end.

• CEO transition announced for Q1 2025.

Financial highlights

• Q4 net revenue: 16.3 MSEK (15.0 MSEK prior year); full year: 68.9 MSEK (64.8 MSEK prior year).

• Q4 operating result: -2.5 MSEK (-3.9 MSEK prior year); full year: -3.3 MSEK (-10.2 MSEK prior year).

• EPS: 0.13 SEK in Q4 (0.36 SEK prior year); 0.02 SEK for the year (-0.47 SEK prior year).

• Financial net improved to 5.4 MSEK (2.2 MSEK prior year) due to favorable interest rate environment.

• No dividend proposed for 2024.

Outlook and guidance

• Positive outlook for 2025, especially for the Swedish stock market.

• Expectation of increased fund income due to new fund hotel and fee structure.

• Ongoing application for new fund, Consensus Mikrobolag, expected Q2 2025.