Klimator (KLIMAT) Q4 2024 earnings summary

Executive summary

• Q4 2024 revenue grew 30% year-over-year to SEK 10,980K, driven by hardware deliveries and new customers.

• Full-year 2024 operating revenue reached SEK 32,513K, up from SEK 29,999K in 2023.

• Operating profit for Q4 was SEK 642K, with net income of SEK 520K; full-year net loss narrowed to SEK -2,510K from SEK -15,828K.

• Gross margin improved to 77% for the full year, up from 73% in 2023.

• Strategic focus on winter maintenance and automotive sectors, with increased customer engagement and innovation.

Financial highlights

• Q4 operating revenue: SEK 10,980K (SEK 8,428K prior year); full-year: SEK 32,513K (SEK 29,999K).

• Q4 operating profit: SEK 642K (SEK 814K); full-year: SEK -1,920K (SEK -15,375K).

• Q4 net income: SEK 520K (SEK 813K); full-year: SEK -2,510K (SEK -15,828K).

• Q4 EPS: SEK 0.02 (SEK 0.03); full-year EPS: SEK -0.08 (SEK -0.55).

• Cash flow from operating activities for 2024: SEK -4,073K (SEK -13,853K).

Outlook and guidance

• Entering 2025 with an ambitious business plan focused on winter operations and continued organic growth.

• Strong pipeline and customer dialogues, especially in winter maintenance and automotive sectors.

• No dividend proposed for 2024.