Ilkka (ILKKA2) Q4 2024 earnings summary

Executive summary

• Revenue for 2024 was €53.9 million, down 3.9% year-over-year; adjusted operating profit improved to €1.1 million from €0.4 million.

• Net profit rose to €6.0 million (from €4.8 million), driven by higher financial income, especially Alma Media dividends.

• Board proposes a dividend of €0.22 per share (up from €0.20); financial position remains strong with an equity ratio of 87.0%.

• Profinder acquisition in late 2024 expands digital and data services; discontinued print operations now fully excluded.

Financial highlights

• Q4 revenue grew 1.2% to €14.3 million; adjusted operating profit rose to €0.7 million (Q4/23: €0.1 million).

• Full-year adjusted operating margin improved to 2.1% (0.8%); reported operating loss widened to €1.6 million.

• Net financial items increased to €7.3 million (2023: €6.7 million), including €4.0 million Alma Media dividends.

• EPS from continuing operations was €0.23 (2023: €0.19); total EPS including discontinued operations €0.24.

• Cash flow from operations was €3.8 million; cash and equivalents at year-end €8.9 million.

Outlook and guidance

• Revenue and adjusted operating profit from continuing operations expected to increase in 2025.

• Profinder acquisition anticipated to support growth and profitability in 2025.