Creturner Group (CRET) Q4 2024 earnings summary

Executive summary

• Q4 2024 revenue rose 221% year-over-year to SEK 13.5 million, with full-year revenue at SEK 25.5 million, up from SEK 14.8 million.

• Operating result for Q4 was SEK -3.3 million, and SEK -14.2 million for the full year, reflecting continued losses despite revenue growth.

• Environmental technology business benefited from tightening EU regulations, driving increased customer engagement and a reversal of previous impairment.

• Digital technology segment underperformed, with lower-than-expected sales and ongoing volatility; major partner changes and hardware upgrades are underway.

Financial highlights

• Q4 operating margin was -24% (down from +120% in Q4 2023); full-year margin at -6%.

• Q4 earnings per share (EPS) was -0.05 SEK; full-year EPS was -0.19 SEK.

• Cash balance at year-end was SEK 0.05 million, down from SEK 0.5 million.

• Parent company Q4 operating result was SEK -10.8 million, with a full-year loss of SEK -17.6 million.

Outlook and guidance

• EU and Swiss regulatory tightening expected to further drive demand for environmental solutions.

• Digital business area remains volatile; management is cautious on expansion, focusing on prudent capital allocation and partner realignment.

• Ongoing refinancing efforts for remaining debt.