Idun Industrier (IDUN) Q4 2024 earnings summary

Executive summary

• Organic net sales grew 4.0% and EBITA 9.9% in Q4; full-year organic net sales up 1.6% and EBITA up 6.1%.

• Q4 net sales rose 4.1% to SEK 567.2m; full-year net sales up 6.3% to SEK 2,192.0m.

• EBITA for Q4 reached SEK 74.1m (up 7.5%); full-year EBITA SEK 308.4m (up 9.0%).

• Strong finish in several group companies; majority showed positive organic EBITA growth in Q4.

• Increased ownership in P&L Nordic AB and completed acquisition of Inter Agro Skog AB.

Financial highlights

• Q4 gross profit: SEK 347.2m (Q4 2023: SEK 337.1m); full-year gross profit: SEK 1,312.4m (2023: SEK 1,224.5m).

• Q4 EBITDA: SEK 87.5m (Q4 2023: SEK 81.6m); full-year EBITDA: SEK 355.5m (2023: SEK 327.2m).

• Q4 EBITA margin: 13.1%; full-year EBITA margin: 14.1% (2023: 13.7%).

• Q4 cash flow from operations: SEK 85.2m; full-year: SEK 256.4m.

• Proposed dividend: SEK 1.00 per share (2023: SEK 0.90).

Outlook and guidance

• Group companies are well positioned and optimistic about the future despite a flat economic outlook.

• Continued investments in machinery and organization to capture business opportunities.

• Strong financial position supports further acquisitions in the near and medium term.