Elon (ELON) Q4 2024 earnings summary

Executive summary

• Achieved consolidation of retail operations and improved market share in consumer electronics categories.

• Established a new partnership in the Baltic States, expanding regional presence.

• Maintained a stable market footprint with proven scalability and improved cost structure.

Financial highlights

• Net sales for Q4 2024 were 1,416 MSEK, a decrease of 20 MSEK compared to Q4 2023.

• Growth declined by 1.4% year-over-year, with strong B2C offset by weak B2B and L&S segments.

• Gross margin was 14.3%, down 2.8 percentage points year-over-year (currency adjusted -1.6 pts).

• Operating profit for Q4 2024 was 23 MSEK, down 40 MSEK from Q4 2023.

• Operating cash flow was 142 MSEK, a decrease of 54 MSEK compared to Q4 2023.

Outlook and guidance

• B2C trend remains positive, B2B is recovering, and L&S is under restructuring.

• Pricing and cost reductions are in place to support future volume growth.