Profilgruppen (PROF) Q4 2024 earnings summary

Executive summary

• Net turnover for 2024 was MSEK 2,271.8, down 7% year-over-year, with Q4 turnover up 6% to MSEK 579.5 compared to Q4 2023.

• Adjusted operating profit for 2024 rose to MSEK 152.0 (margin 6.7%), up from MSEK 134.7 (margin 5.5%) in 2023.

• The Board proposes an unchanged dividend of SEK 5.00 per share (MSEK 37.0 total) and maintains investment plans.

• A new organizational structure was introduced at year-end to enhance focus and specialization.

• Initiated process to acquire a Polish extrusion business to complement current operations.

Financial highlights

• Operating profit for 2024 was MSEK 160.8 (7.1% margin), up from MSEK 152.4 (6.2%) in 2023.

• Net income for 2024 was MSEK 100.1, with EPS of SEK 12.67, compared to MSEK 98.5 and SEK 12.27 in 2023.

• Cash flow from operating activities was MSEK 197.0, down from MSEK 296.8 in 2023; liquidity reserve at year-end was MSEK 273.2.

• Investments totaled MSEK 71.8, mainly in machinery and extrusion dies.

• Net debt at year-end was MSEK 56.6, with net debt/EBITDA at 0.2 (or 0.8 including pandemic-related deferrals).

Outlook and guidance

• No formal forecast for 2025; market conditions remain weak in main markets as of February 2025.

• Board raises operating margin target to at least 14% (from 8%) to support reinvestment and competitiveness.