Konsolidator (KONSOL) Q4 2024 earnings summary

Executive summary

• Specializes in cloud-based group consolidation and reporting, serving 250–269 customers in 19–20 countries, with offices in Denmark and Spain.

• Focused on automation for finance and audit, with top auditors and 250+ private and listed groups as clients.

• 2022–2024 saw only 10% growth, but optimism remains for higher growth due to new strategies and market traction.

• A new 'resilient growth' strategy emphasizes partner enablement, product complexity, and a shift to a whole solution approach.

Financial highlights

• Q4 2024 revenue increased 11% year-over-year to DKK 5.4 million; subscription fees up 12% to DKK 4.9 million.

• Full-year 2024 revenue reached DKK 20.3 million, a 6% increase, with subscription fees at DKK 18.3 million (+7%) and onboarding/consulting at DKK 2.0 million (-8%).

• EBIT loss for 2024 was DKK 12.1 million, with net loss at DKK 14.9 million; Q4 EBIT loss was DKK 2.4 million.

• Cash at year-end was DKK 400,000, with a DKK 2 million credit facility and capital increases totaling DKK 4 million committed.

• Contribution margin remained high at 94%.

Outlook and guidance

• Revenue and ARR guidance for 2025 is DKK 23–24 million, with growth expected from partner enablement, banking sector entry, and whole solution offering.

• Q1 2025 expected to show lower costs and a low CAC/AR ratio, though new sales may be seasonally lower.

• 2025–2027 strategy targets becoming the preferred global consolidation tool for SMEs.