Eniro Group (ENRO) Q4 2024 earnings summary

Executive summary

• Achieved best operating result in 11 years, with significant profitability improvements and process automation driving results.

• Full-year EBITDA increased 64% year-over-year to SEK 143 million, with EBITDA margin rising to 15%.

• Net sales remained stable at SEK 951 million for 2024, despite challenging market conditions.

• Cash flow from operating activities more than doubled to SEK 109 million, the strongest since 2016.

• Strategic partnerships and acquisitions, including Medialuotsi Oy, strengthened Nordic market position.

Financial highlights

• Q4 net sales: SEK 239 million (flat year-over-year); full-year net sales: SEK 951 million (down 1%).

• Q4 operating result: SEK 24 million (up from SEK 2 million); full-year: SEK 72 million (up from SEK 4 million).

• Q4 EBITDA: SEK 42 million (up from SEK 22 million); full-year: SEK 143 million (up from SEK 87 million).

• Net result for Q4: SEK 29 million (up from SEK 10 million); full-year: SEK 68 million (up from SEK -4 million).

• Cash flow from current operations: SEK 64 million in Q4 (up from SEK 53 million); SEK 109 million for the year (up from SEK 52 million).

Outlook and guidance

• Entering 2025 with strengthened financial stability and a clear strategy for continued growth, focusing on profitability, innovation, and customer value.

• Board proposes increased ordinary dividend of SEK 0.05 per share, subject to litigation outcome.

• Ongoing digital transformation and automation expected to drive further efficiency and growth.