I Love Lund (LOVE) Q4 2024 earnings summary

Executive summary

• Focused on early-stage, innovative companies in Lund, maintaining high activity despite a weak financial year and challenging market conditions.

• Booked equity decreased by over 8% to just above SEK 40 million, partially offset by a SEK 4 million share issue.

• No new portfolio companies added; investments concentrated in existing holdings, with follow-on investments in Sensative, Beammwave, and Bintel.

• Maintained strong cash position and high solvency (98.7%), not yet fully invested.

• Strengthened local brand and ecosystem presence, with record engagement levels among shareholders.

Financial highlights

• Net sales were SEK 0 for both Q4 and the full year, unchanged from the previous year.

• Operating loss for Q4 was SEK -743 thousand (vs. -657 thousand), and for the year SEK -2.9 million (vs. -2.7 million).

• Financial items, mainly write-downs, amounted to SEK -1.8 million in Q4 (vs. -575 thousand) and SEK -4.1 million for the year (vs. -621 thousand).

• Result after financial items: SEK -2.6 million in Q4 (vs. -1.2 million); SEK -7.0 million for the year (vs. -3.3 million).

• Result per share: SEK -6.2 in Q4 (vs. -3.2); SEK -18.1 for the year (vs. -8.7).

• Investments in portfolio companies: SEK 826 thousand in Q4 (vs. SEK 3.1 million); SEK 5.5 million for the year.

• Cash and cash equivalents at year-end: SEK 3.5 million.

Outlook and guidance

• Signs of a cautious turnaround in the small-cap cycle observed late in the year.

• No formal forecasts or guidance provided.