Scandbook (SBOK) Q4 2024 earnings summary

Executive summary

• Net sales increased by 13.6% to SEK 113.6m in Q4 2024 and by 6.2% to SEK 416.8m for the full year compared to 2023.

• EBITDA rose to SEK 16.7m in Q4 (SEK 11.6m) and SEK 49.7m for the year (SEK 41.5m).

• EBIT reached SEK 11.0m in Q4 (SEK 9.1m) and SEK 28.2m for the year (SEK 24.4m).

• Net income declined to SEK 9.3m in Q4 (SEK 13.2m) and SEK 23.2m for the year (SEK 26.0m), mainly due to higher tax costs.

• Proposed dividend of SEK 2.25 per share plus an extra SEK 0.5 per share.

Financial highlights

• Q4 EBITDA margin improved to 14.7% (11.6%); full-year EBITDA margin at 11.9% (10.6%).

• EBIT margin in Q4 was 9.7% (9.1%); full-year EBIT margin 6.8% (6.2%).

• Cash flow from operations was SEK 42.7m for the year; year-end cash position SEK 59.5m.

• Net cash (excluding lease liabilities) at year-end was SEK 29.5m (SEK 21.1m).

• Equity ratio increased to 80% (78%).

Outlook and guidance

• Book markets showed signs of recovery, especially in children's and youth books across Europe.

• Continued investment in sustainable technologies and digital solutions to meet customer needs.

• Geographical expansion into Germany and the Netherlands to support long-term growth.

• Demand for new book design trends, such as edge printing, expected to remain strong.