Moment Group (MOMENT) Q4 2024 earnings summary

Executive summary

• Operationally strong finish to a challenging year, with positive cash flow for both Q4 and the full year, but EBIT was significantly impacted by impairments and restructuring costs.

• Revenue for Q4 was SEK 333m (394m), and full-year revenue was SEK 1,068m (1,042m), showing slight year-over-year growth.

• Strategic shift post-year-end to focus on optimizing and developing existing businesses, including a planned reorganization affecting 11 functions, 4 of which are in group management.

Financial highlights

• Q4 EBIT was SEK 17m (79m), negatively affected by SEK 45m in impairments and restructuring; adjusted EBIT was SEK 62m (79m).

• Full-year EBIT was SEK -16m (67m), with net income at SEK -43m (45m).

• EBITDA for the year was SEK 94m (133m).

• Cash flow from operations was SEK 76m (54m) for the year; liquidity at year-end was SEK 111m (108m).

• No dividend proposed for 2024 due to ambitions and leverage; cash to be reinvested.

Outlook and guidance

• Strategic review of financial targets underway following the new focus on existing operations.

• Prepaid ticket revenues at year-end were SEK 114m (85m), indicating a positive sales outlook.

• Several new projects and renovations planned for 2025, including Lorensbergsteatern and Cirkusbygningen.