Samhall (SH) Q4 2024 earnings summary

Executive summary

• Achieved high goal fulfillment and positive economic results for 2024, driven by internal improvements and focus on core operations.

• 1,294 employees transitioned to jobs outside Samhall, with 56% recruitment from prioritized groups, exceeding targets.

• Net sales for the year were SEK 3,316 million, with an operating profit of SEK 182 million and net profit of SEK 239 million.

• The year saw continued growth in laundry services and cleaning, while industry solutions declined due to economic conditions.

Financial highlights

• Net sales decreased to SEK 3,316 million from SEK 3,355 million year-over-year.

• Operating profit improved to SEK 182 million from SEK -342 million year-over-year.

• Net profit rose to SEK 239 million from SEK 72 million year-over-year.

• Bruttovinstmarginal was 88% (87% previous year); operating margin was 5% (-10% previous year).

• State compensation for additional costs increased to SEK 7,596 million from SEK 6,598 million.

Outlook and guidance

• Anticipates economic recovery in 2025, which may enable more business opportunities and transitions to external employers.

• Awaiting the government Samhall investigation report in Q1 2025, which may impact long-term conditions.