NOVOTEK (NTEK) Q4 2024 earnings summary

Executive summary

• Divestment of 51% stake in ROB-EX A/S to GE Vernova in Q4 generated a capital gain of 30.5 MSEK, included in other operating income.

• Acquisition of 70% of Austrian T&G expanded operations into the DACH region, with integration of TG Alpha GmbH.

• Adjusted revenue recognition principles for software sales following ESMA guidance, impacting reported figures but not cash flow or order intake.

Financial highlights

• Full-year operating income rose to 95.4 MSEK (40.5), including 30.5 MSEK gain from ROB-EX sale; operating margin improved to 18.3% (9.8%).

• Revenue for 2024 was 522.3 MSEK (412.3), with order intake at 604.2 MSEK (522.5).

• Net income after tax reached 79.9 MSEK (27.4); EPS was 7.3 SEK (2.5).

• Q4 operating income was 51.9 MSEK (17.8), with a margin of 29.7% (14.8%).

• Cash flow from operations for the year was 84.0 MSEK (41.8); cash at year-end was 148.1 MSEK.

Outlook and guidance

• Customer decision processes remain prolonged due to macroeconomic uncertainty, but digitalization trends and interest in Novotek's solutions remain strong.

• Board proposes a dividend of 1.80 SEK (1.65) per share.