Kopparbergs (KOBR) Q4 2024 earnings summary

Executive summary

• Net sales for 2024 increased to 2,444.9 MSEK from 2,326.4 MSEK year-over-year, driven by higher volumes and selective price increases.

• EBITDA for the year was 249.2 MSEK, down from 284.0 MSEK, mainly due to postponed price hikes.

• EPS rose to 5.70 SEK from 4.41 SEK year-over-year.

• Board proposes an unchanged dividend of 7.50 SEK per share.

• Expanded partnership with Budweiser Brewing Group in the UK, including new product launches.

Financial highlights

• Q4 net sales rose to 579.3 MSEK from 535.0 MSEK year-over-year.

• Q4 EBITDA dropped to 18.1 MSEK from 37.4 MSEK year-over-year.

• Full-year pre-tax profit increased to 164.3 MSEK from 117.7 MSEK.

• Cash flow from operations for the year was 166.5 MSEK, up from 70.5 MSEK.

• Investments totaled 78.8 MSEK, up from 66.3 MSEK year-over-year.

Outlook and guidance

• Price increases not implemented in 2024 were carried out in January 2025, expected to support future margins.

• Expanded UK distribution and new product launches anticipated to drive growth in 2025.

• Continued focus on strengthening presence in key export and tourist markets.