Ellos Group (ELLOS) Q4 2024 earnings summary

Executive summary

• Group formed on October 15, 2024, following acquisition of Ellos Group Nordic AB by Ellos Holding AB.

• Net sales reached SEK 997.8 million for the period October 15–December 31, 2024.

• Gross profit was SEK 400.7 million, with a gross margin of 40.2%.

• EBITA amounted to SEK 34.3 million (EBITA margin 3.4%), and operating profit was SEK 19.9 million (operating margin 2.0%).

• Profit for the period was negatively impacted by SEK 80.4 million in non-recurring refinancing, high interest, and currency costs.

Financial highlights

• Net sales: SEK 997.8 million; gross profit: SEK 400.7 million; gross margin: 40.2%.

• EBITA: SEK 34.3 million (3.4% margin); operating profit: SEK 19.9 million (2.0% margin).

• Profit/loss for the period: SEK -71.6 million.

• Cash flow from operating activities: SEK 35.7 million.

• Cash and cash equivalents at period end: SEK 182.3 million.

Outlook and guidance

• Brighter outlook for 2025 with expectations of positive growth, improved efficiency, and cash flow.

• Anticipates improved market conditions due to subdued inflation, lower interest rates, and a more active housing market.

• Continued focus on core customer, growth, and sustainability initiatives.