KABE Group (KABE) Q4 2024 earnings summary

Executive summary

• Net sales for 2024 were SEK 3,796 million, down 7% year-over-year, with net income at SEK 194 million, a 16% decrease.

• Operating income fell to SEK 229 million from SEK 280 million, with an operating margin of 6.0% (6.9%).

• Cash flow from operations was negative at SEK -89 million, mainly due to increased inventory and receivables.

• The board proposes a dividend of SEK 4.00 per share (previously SEK 8.00), to be paid in two installments.

Financial highlights

• Gross profit for 2024 was SEK 508 million (SEK 590 million), with a gross margin of 13.4% (14.4%).

• Earnings per share were SEK 21.56 (SEK 25.56).

• Equity ratio improved to 70.4% (66.3%), and equity per share rose to SEK 195.78 (SEK 180.67).

• Cash and cash equivalents at year-end were SEK 78 million (SEK 278 million).

• Investments totaled SEK 62 million, up from SEK 33 million in 2023.

Outlook and guidance

• 2025 will focus on reducing inventory levels and adapting production to market demand.

• Broader product portfolio and international presence reduce exposure to single markets.

• Long-term ambition remains market leadership in core segments, despite short-term macroeconomic challenges.