Norditek Group (NOTEK) Q4 23/24 earnings summary

Executive summary

• Revenue for Q4 2023/24 rose 145.3% year-over-year to 27,180 TSEK, with EBITA margin improving to 9.4% from -18.0% and EBIT margin to 5.6% from -27.2%.

• Full-year revenue declined 14.6% to 78,295 TSEK, with EBITA margin at 12.5% (down from 15.1%) and EBIT margin at 7.2% (down from 10.6%).

• Positive cash flow and improved liquidity achieved in Q4, with net debt/EBITDA at 2.7x, meeting internal targets.

• No significant events reported during or after the period.

Financial highlights

• Q4 EBITDA was 2,629 TSEK (margin 9.7%), up from -1,922 TSEK (-17.3%) year-over-year.

• Full-year EBITDA was 10,085 TSEK (margin 12.9%), down from 14,306 TSEK (15.6%).

• Q4 net income was 665 TSEK, compared to -3,325 TSEK last year; full-year net income was 696 TSEK, down from 4,804 TSEK.

• Earnings per share for Q4 were 0.05 SEK (vs. -0.26 SEK); full-year EPS was 0.06 SEK (vs. 0.38 SEK).

• Operating cash flow for the year was 22,574 TSEK, up from -12,781 TSEK.

Outlook and guidance

• Management expects a return to growth in the next fiscal year, citing strong order intake and high market activity.

• No formal financial forecasts provided.