Netum Group (NETUM) Q4 2024 earnings summary

Executive summary

• Revenue for 2024 grew 18.6% year-over-year to EUR 44.0 million, with organic growth of 2.8%.

• Comparable EBITA improved to EUR 4.6 million (10.4% of revenue), up from EUR 2.8 million (7.4%).

• Q4 revenue declined 2.2% year-over-year, with intensified price competition and project delays impacting growth.

• Net result for 2024 was EUR -0.5 million, an improvement from EUR -1.1 million in 2023.

• Board proposes a dividend of EUR 0.05 per share and possible additional dividend up to EUR 0.03 per share.

Financial highlights

• Q4 revenue: EUR 11.5 million (-2.2% year-over-year); full-year revenue: EUR 44.0 million (+18.6%).

• Q4 EBITDA: EUR 0.8 million (6.8% margin); full-year EBITDA: EUR 4.6 million (10.5% margin).

• Q4 operating profit: EUR -0.1 million; full-year operating profit: EUR 1.1 million (2.6% margin).

• Earnings per share for 2024: EUR -0.04, improved from EUR -0.09 in 2023.

• Cash flow from operations: EUR 4.8 million; cash and equivalents at year-end: EUR 2.1 million.

Outlook and guidance

• 2025 revenue expected between EUR 41–46 million; comparable EBITA targeted at 7–10% of revenue.

• Public sector IT demand seen improving later in 2025, but price competition and global uncertainty remain challenges.