Dadelo (DAD) Q4 2024 earnings summary

Executive summary

• Achieved record revenue and net profit in 2024, with revenue up 48% year-over-year to 280,571 thousand PLN and net profit at 11,526 thousand PLN, compared to 82 thousand PLN in 2023.

• Growth driven by strong e-commerce market, expanded product range, and omnichannel strategy, including opening new brick-and-mortar stores in Wrocław and Gdańsk.

• Despite industry challenges like high inflation and oversupply, the company increased market share and improved margins through strategic inventory management and marketing.

Financial highlights

• Revenue: 280,571 thousand PLN (+48% year-over-year).

• Net profit: 11,526 thousand PLN (up from 82 thousand PLN in 2023).

• Gross margin: 31.84% (up 4.4 percentage points year-over-year).

• EBITDA margin: 7.16% (up from 1.91% in 2023).

• Operating profit: 15,066 thousand PLN (up from 317 thousand PLN in 2023).

• Cash and equivalents at year-end: 13,408 thousand PLN.

• Net cash flow: +12,241 thousand PLN (driven by financing inflows, offsetting negative operating and investing cash flows).

Outlook and guidance

• Plans to continue expanding market share in online and offline channels, with further store openings and omnichannel development.

• Management expects continued sales growth in 2025, supported by new store in Gdańsk and ongoing marketing investments.