Image Systems (IS) Q4 2024 earnings summary

Executive summary

• Achieved record order intake and historically high order backlog entering 2025, driven by favorable market conditions and efficiency measures in RemaSawco and Motion Analysis units.

• Full-year net sales grew 15% year-over-year to MSEK 184.9, with EBITDA up over 70% to MSEK 26.8 and a margin of 13.4%.

• Transition to subscription-based revenue in Motion Analysis largely complete, supporting recurring revenue growth and financial predictability.

Financial highlights

• Q4 order intake rose to MSEK 88.0 (74.3), and full-year order intake reached MSEK 228.5 (150.0).

• Q4 net sales were MSEK 45.8 (40.1); full-year net sales MSEK 184.9 (160.7).

• Q4 EBITDA was MSEK 1.0 (3.5); full-year EBITDA MSEK 26.8 (15.5).

• Q4 earnings per share SEK -0.04 (-0.01); full-year EPS SEK 0.10 (-0.08).

• Cash flow from operating activities for the year was MSEK 39.2 (1.7).

Outlook and guidance

• High opening order backlog in 2025 provides strong foundation for continued profitable growth.

• Continued investments in product development and market presence prioritized to build future profitability.

• Long-term financial targets: EBITDA margin >15%, solidity >50%, dividend 20% of profit after taxes.