Precomp Solutions (PCOM) Q4 2024 earnings summary

Executive summary

• Net sales for 2024 totaled SEK 195.7 million, down from SEK 210.5 million year-over-year.

• EBITDA improved to SEK 7.5 million from SEK 1.6 million; EBIT rose to SEK 3.4 million from SEK -2.5 million.

• Cost efficiency measures led to a SEK 5.9 million EBIT improvement despite lower sales.

• Automotive sector demand was temporarily lower, with recovery expected in H2 2025.

• All Bulgarian operations ceased; liquidation process started.

Financial highlights

• Q4 2024 net sales were SEK 48.9 million, nearly flat year-over-year.

• Q4 EBITDA was SEK 1.4 million (up from SEK -1.0 million); Q4 EBIT was SEK 0.4 million (up from SEK -2.0 million).

• Cash flow from operations for 2024 was SEK 3.4 million, up from SEK -1.1 million.

• Year-end cash position improved to SEK 0.9 million from SEK 0.2 million.

Outlook and guidance

• Early 2025 expected to be challenging due to lower customer demand in Q1 and Q2.

• Gradual sales recovery anticipated in H2 2025, but full-year sales likely to decrease versus 2024.

• Continued focus on efficiency, automation, and Lean implementation to further lower break-even.

• New business opportunities expected with decisions in H1 2025; diversification beyond automotive ongoing.