Digitalist Group (DIGIGR) Q4 2024 earnings summary

Executive summary

• Turnover for 2024 was EUR 16.2 million, down 3.1% year-over-year, with Q4 turnover up 12.9% to EUR 4.7 million, driven by Swedish market growth.

• EBITDA for 2024 was EUR -1.5 million (vs. EUR -0.9 million in 2023, which included a EUR 1.0 million one-time gain); Q4 EBITDA improved to EUR -0.2 million from EUR -0.4 million.

• Net income for 2024 was EUR -5.0 million, a deeper loss than EUR -4.1 million in 2023; Q4 net income was EUR -1.0 million, improved from EUR -1.6 million.

• Swedish operations contributed 70% of turnover, up from 61% last year, offsetting weak Finnish market performance.

• Cost-saving measures reduced personnel and operating expenses by EUR 0.7 million year-over-year.

Financial highlights

• Q4 2024 turnover: EUR 4.7 million (+12.9% YoY); full-year turnover: EUR 16.2 million (-3.1% YoY).

• Q4 EBITDA: EUR -0.2 million (-4.3% margin); full-year EBITDA: EUR -1.5 million (-9.4% margin).

• Q4 EBIT: EUR -0.3 million; full-year EBIT: EUR -2.0 million.

• Q4 net income: EUR -1.0 million; full-year net income: EUR -5.0 million.

• Cash flow from operations improved to EUR -1.4 million from EUR -2.9 million in 2023.

Outlook and guidance

• Turnover and EBITDA are expected to improve in 2025 compared to 2024.

• Focus remains on operational efficiency, product innovation, and cost management.