FM Mattsson Mora Group (FMM-B) Q4 2024 earnings summary

Executive summary

• Net sales for 2024 were SEK 1,881.1 million, down 3.0% year-over-year, with organic growth at -2.9%.

• EBITA for the year was SEK 173.6 million (margin 9.2%), impacted by SEK 2.4 million in one-off costs for staffing optimization.

• Q4 sales grew 3.8% year-over-year to SEK 466.5 million, with EBITA margin improving to 6.0%.

• Cash flow after investments was SEK 188.2 million for the year, and the board proposes a dividend of SEK 2.00 per share.

• The company maintained strong financial stability and took market share in several segments despite a challenging market.

Financial highlights

• Net income for 2024 was SEK 101.9 million, down from SEK 147.3 million in 2023.

• EBITDA for 2024 was SEK 252.0 million, down from SEK 285.0 million.

• Gross margin improved to 37.1% (36.1% in 2023) due to product mix and cost efficiencies.

• Earnings per share were SEK 2.41 (SEK 3.48 in 2023).

• Cash flow from operations was SEK 238.4 million; net debt reduced to SEK 85.1 million.

Outlook and guidance

• Management expects continued weak demand in 2025 but anticipates potential improvement from lower interest rates and inflation.

• No formal financial forecast for 2025 was provided.