KB Components (KBC) Q4 2024 earnings summary

Executive summary

• Revenue grew 17% year-over-year to 2,721 MSEK for 2024, with organic growth of 4%.

• Adjusted EBITDA for the year reached 409 MSEK (15% margin), up from 386 MSEK, while adjusted EBIT remained flat at 249 MSEK.

• Net income was 108 MSEK, with adjusted net income at 158 MSEK; EPS was 1.77 SEK.

• Major acquisitions included Plastone Group (Finland/Estonia) in December and JBJ Technology (India) in January 2025, expanding the customer base and geographic reach.

• KB Components was listed on Nasdaq First North Premier Growth Market in December 2024.

Financial highlights

• Q4 revenue increased 30% year-over-year to 818 MSEK; organic growth was 12%.

• Q4 adjusted EBITDA was 94 MSEK (11.8% margin), down from 102 MSEK (16.2%).

• Q4 net income was 0.3 MSEK, with adjusted net income at 29 MSEK; EPS was -0.01 SEK.

• Operating cash flow for the year was 157 MSEK, down from 263 MSEK.

• Board proposes a dividend of 1.50 SEK per share for 2024.

Outlook and guidance

• Management expects 2025 growth at least matching 2024, driven by recent acquisitions and organic expansion, especially in Asia.

• Synergies from acquisitions and ongoing integration efforts are expected to improve margins over time.

• North America and Asia are forecasted to continue strong growth, while Europe faces a weaker market.