OEM International (OEM) Q4 2024 earnings summary

Executive summary

• Q4 2024 marked the strongest quarter of the year, with net sales up 5% to SEK 1,355 million and incoming orders up 10% to SEK 1,307 million compared to Q4 2023.

• Full-year 2024 set new records for incoming orders (up 8% to SEK 5,166 million) and net sales (up 2% to SEK 5,239 million).

• Adjusted EBITA for Q4 rose 20% to SEK 217 million, with a margin of 16.0% (14.0), driven by higher sales and improved gross margin.

• Profit after tax for Q4 increased 21% to SEK 158 million; full-year profit after tax was stable at SEK 606 million.

• The Board proposes a dividend of SEK 1.75 per share, unchanged from the previous year.

Financial highlights

• Q4 EBITA rose 14% to SEK 206 million (181); adjusted EBITA up 20% to SEK 217 million.

• Q4 operating profit up 13% to SEK 197 million (173); Q4 EPS at SEK 1.14 (0.94).

• Full-year EBITA down 1% to SEK 800 million (811); adjusted EBITA flat at SEK 811 million.

• Full-year operating profit down 2% to SEK 763 million (782); EPS at SEK 4.37 (4.38).

• Operating cash flow for 2024 was SEK 692 million (791); cash and cash equivalents at year-end SEK 557 million (233).

Outlook and guidance

• Management expects the market situation to remain challenging in 2025 but anticipates new business opportunities through product investments and customer initiatives.

• Focus remains on organic growth and acquisitions, with the ambition to set new sales and profit records in 2025.