lastminute.com (LMN) Q4 2024 earnings summary

Executive summary

• Q4 2024 revenue reached €62.5 million, up 4% year-over-year, driven by Dynamic Packages, which grew 34% in revenue and 44% in gross profit compared to Q4 2023.

• Adjusted EBITDA for Q4 rose 135% to €5.4 million, with net result near break-even (–€0.1 million) versus a €3.2 million loss in Q4 2023.

• Full-year 2024 revenue was €313.7 million (down 2% year-over-year), but adjusted EBITDA increased 4% to €41.2 million and net result more than doubled to €15.7 million.

• Dynamic Packages accounted for 57% of group revenue and 62% of gross profit in Q4, reflecting higher profitability and a shift in business mix.

• Growth returned in H2 after a soft H1, with B2B segment accelerating due to partnerships, while B2C remained subdued amid flight competition.

Financial highlights

• Q4 gross profit was €26.1 million (+6% year-over-year); full-year gross profit reached €130.9 million (+4%).

• Q4 EBIT improved to €0.9 million from –€4.3 million; full-year EBIT rose 84% to €25.2 million.

• Q4 adjusted EBITDA margin was 9% (up 5pp); full-year margin was 13% (up 1pp).

• Earnings per share for FY 2024: €1.47 (up from €0.65 in FY 2023).

• Dynamic Package take rate in Q4: 13.8% (up from 12.2% in Q4 2023); full-year DP take rate: 12.3% (+1.4pp).

Outlook and guidance

• 2024 results were in line with guidance, with improved profitability and operational efficiency, especially in Dynamic Packages.

• Detailed 2025 outlook and guidance to be provided with audited 2024 results on March 27, 2025.

• Focus remains on sustainable growth, leveraging technology, brand, and regulatory position.