Samtrygg Group (SAMT) Q4 2024 earnings summary

Executive summary

• Achieved strong results in Q4 2024, with a 14% increase in sales revenue and positive EBITDA for the fourth consecutive quarter, reflecting a successful shift from growth to profitability focus.

• Total revenues for Q4 2024 reached 115.5 MSEK, up 14% year-over-year; full-year revenues rose 26% to 485.5 MSEK.

• Growth in 2024 was largely driven by the acquisition of Be Resident, which expanded P2P volumes and introduced a new B2B revenue stream.

• The company is positioned for scalable growth and is testing new B2B offerings in 2025 to reverse a short-term decline in that segment.

Financial highlights

• Q4 2024 EBITDA was 1.9 MSEK (vs. -1.7 MSEK Q4 2023); full-year EBITDA reached 8.4 MSEK (vs. -2.7 MSEK 2023).

• Q4 2024 EBIT was 0.5 MSEK (vs. -2.2 MSEK Q4 2023); full-year EBIT was 2.9 MSEK (vs. -4.6 MSEK 2023).

• Net income after financial items for Q4 2024 was 0.5 MSEK (vs. -2.2 MSEK Q4 2023); full-year net income was 2.7 MSEK (vs. -4.6 MSEK 2023).

• Earnings per share for Q4 2024 was 0.045 SEK (vs. -0.216 SEK Q4 2023); full-year EPS was 0.268 SEK (vs. -0.453 SEK 2023).

• Cash and cash equivalents at year-end were 6.5 MSEK, down from 8.6 MSEK the previous year.

Outlook and guidance

• Focus remains on optimizing investments in marketing, product development, and personnel to further improve profitability in 2025.

• New B2B business models will be tested in 2025, aiming for sustainable growth in that segment.

• The company expects continued market changes due to macroeconomic factors and potential regulatory developments in Sweden.