Lundbergföretagen (LUND) Q4 2024 earnings summary

Executive summary

• Net asset value after deferred tax rose to SEK 137.6 billion (SEK 555/share) at year-end, up from SEK 135.1 billion (SEK 545/share) a year earlier; further increased to SEK 153.1 billion (SEK 617/share) by February 18, 2025.

• Consolidated net sales increased to SEK 29,311 million from SEK 28,664 million year-over-year.

• Profit after financial items was SEK 9,808 million (SEK 9,244 million), with profit after tax at SEK 8,383 million (SEK 8,678 million).

• Earnings per share attributable to shareholders were SEK 25.41, down from SEK 29.25 year-over-year.

• Dividend proposal of SEK 4.60 per share, up from SEK 4.30.

Financial highlights

• Operating profit increased to SEK 10,334 million from SEK 9,699 million year-over-year.

• Adjusted profit after financial items (excluding unrealized changes in value) was SEK 9,533 million, down from SEK 13,690 million.

• Net financial items resulted in an expense of SEK 526 million (SEK 455 million).

• Group shareholders' equity rose to SEK 166,705 million (SEK 160,332 million).

• Interest-bearing net debt increased to SEK 19,677 million (SEK 17,825 million).

Outlook and guidance

• Net asset value after deferred tax estimated at SEK 153.1 billion (SEK 617/share) as of February 18, 2025, indicating continued positive development.

• Board proposes a dividend of SEK 4.60 per share for 2024, with payment record date April 11, 2025.