Elecster (ELEAV) Q4 2024 earnings summary

Executive summary

• Full-year revenue declined 0.6% to €33.9 million compared to 2023, with operating profit at €1.6 million, down from €2.0 million.

• Q4 saw a 4.5% revenue decrease year-over-year to €8.0 million and an operating loss of €0.5 million.

• Net profit for the year was €0.26 million, a turnaround from a €1.1 million loss in 2023; EPS improved to €0.07 from -€0.30.

• A one-time €1 million write-down related to suspected embezzlement in China subsidiaries impacted Q4 and full-year results.

• No dividend proposed for 2024, compared to €0.05 per share in 2023.

Financial highlights

• Operating margin for the year was 4.7%, down from 5.9% in 2023.

• Pre-tax profit reached €0.9 million, up from break-even last year.

• Equity per share was €6.06, down from €6.37; equity ratio improved to 56.1% from 50.2%.

• Net gearing remained stable at 31.9%.

• Cash flow from operations was €1.0 million, down from €2.5 million in 2023; year-end cash was €5.5 million.

Outlook and guidance

• Order backlog increased to €8.7 million from €7.4 million, supporting a positive outlook for 2025.

• Revenue and EPS are expected to grow in 2025, with strong demand for dairy machinery and anticipated recovery in packaging materials in H2.