Intellego Technologies (INT) Q4 2024 earnings summary

Executive summary

• Achieved over 40% year-over-year revenue growth in 2024, with net sales rising to SEK 265.3 million from SEK 186.5 million.

• EBIT increased by approximately 26% year-over-year, though Q4 EBIT was slightly below expectations due to a SEK 5 million bad debt provision.

• Operating cash flow improved significantly, moving from -SEK 20 million in 2023 to +SEK 35.7 million in 2024.

• Available liquidity reached SEK 44.4 million at year-end, supporting ongoing growth initiatives.

• Major collaborations with Henkel and Likang expanded, opening new global and Asian market opportunities.

Financial highlights

• Net sales for Q4 2024 were SEK 58.4 million, up from SEK 55.4 million in Q4 2023; full-year net sales rose to SEK 265.3 million from SEK 186.5 million.

• Profit after tax for 2024 was SEK 72.3 million, up from SEK 59.6 million in 2023.

• Equity at year-end increased to SEK 300.1 million from SEK 151.2 million.

• Earnings per share before dilution for 2024 was SEK 2.64, compared to SEK 2.36 in 2023.

• Cash flow from current operations per share improved to SEK 1.22 from -SEK 0.76 year-over-year.

Outlook and guidance

• Revenue for early 2025 is expected to reach approximately SEK 130 million, with EBIT in line with previous years.

• 2025 targets set at over SEK 500 million in net revenue and EBIT above SEK 160 million, driven by regulatory changes and expanded partnerships.