Finepart (FINE) Q4 2024 earnings summary

Executive summary

• Revenue for Q4 2024 increased by 393% year-over-year to 8,168 tkr, driven by machine sales and aftermarket services.

• Net loss for Q4 improved to -562 tkr from -4,623 tkr in Q4 2023, reflecting higher sales and cost reductions.

• Full-year 2024 revenue rose 30% to 23,051 tkr, with net loss narrowing to -8,159 tkr from -16,069 tkr in 2023.

• Cost rationalization and organizational efficiency measures led to a 22% reduction in personnel costs.

• Market conditions improved, especially in the US, with increased investment appetite and new sales partners.

Financial highlights

• Q4 operating income: 8,168 tkr (1,658 tkr in Q4 2023); operating expenses: -8,504 tkr (-5,922 tkr).

• Q4 net result: -562 tkr (-4,623 tkr); EPS: -0.01 (-0.32).

• Full-year operating income: 23,051 tkr (17,753 tkr); operating expenses: -30,226 tkr (-30,569 tkr).

• Full-year net result: -8,159 tkr (-16,069 tkr); EPS: -0.20 (-0.73).

• Cash flow from operations improved to -3,187 tkr from -14,738 tkr in 2023; cash at year-end: 3,041 tkr.

Outlook and guidance

• Management expects continued positive development with a more efficient organization and improved market conditions.

• No dividend proposed for 2024.