Relevance Communication Nordic (RLVNC) Q4 2024 earnings summary

Executive summary

• Net revenue for Q4 2024 reached 11,468 TSEK, up 382% year-over-year, driven by the Dagens PS AB acquisition and group consolidation.

• EBITDA for Q4 was 1,327 TSEK, a turnaround from -858 TSEK in Q4 2023; full-year EBITDA was 2,027 TSEK.

• Full-year net revenue was 37,415 TSEK, up from 7,515 TSEK in 2023; net loss after financials widened to -4,797 TSEK.

• Unique users for Q4 were 6.34 million, slightly down due to technical migration, but annual traffic growth was strong.

• No dividend proposed for 2024; focus remains on growth and maintaining positive EBITDA.

Financial highlights

• Q4 net revenue: 11,468 TSEK (2,379 TSEK in Q4 2023); full-year: 37,415 TSEK (7,515 TSEK in 2023).

• Q4 EBITDA: 1,327 TSEK (-858 TSEK); full-year EBITDA: 2,027 TSEK (-1,990 TSEK).

• Q4 net result after financials: -782 TSEK (-2,264 TSEK); full-year: -4,797 TSEK (-3,917 TSEK).

• Q4 EPS: -0.03 SEK (-0.10 SEK); full-year EPS: -0.21 SEK (-0.17 SEK).

• Cash at year-end: 1,674 TSEK (3,174 TSEK in 2023); equity: 23,141 TSEK (30,789 TSEK).

Outlook and guidance

• Management expects continued growth and positive EBITDA in 2025, with strong traffic momentum into January.

• Focus remains on expanding user base and maintaining profitability before depreciation.