MatvareExpressen (MVE) Q4 2024 earnings summary

Executive summary

• Achieved record revenue in Q4 2024, with strong growth across all segments and continued customer acquisition.

• Major investment in AutoStore automation completed, expected to drive operational efficiency and future growth.

• Strategic focus on scalable, sustainable solutions and digitalization to maintain competitive advantage.

Financial highlights

• Q4 2024 revenue: NOK 119.4 million, up 22% year-over-year from NOK 98.2 million.

• EBITDA: NOK 7.0 million, up 112% year-over-year.

• Pre-tax profit: NOK 2.47 million, up 308% year-over-year.

• Bank deposits at year-end: NOK 31.8 million; net interest-bearing debt: NOK 49.7 million.

• Equity ratio at year-end: 26.7%, down from 32.2% last year due to AutoStore investment.

Outlook and guidance

• Targeting revenue of approximately NOK 500 million in 2025.

• Expecting continued customer and volume growth across all regions.

• Anticipates further margin improvements and positive impact from automation investments.