Sdiptech (SDIP) Q4 2024 earnings summary

Executive summary

• Net sales grew 13% year-over-year to SEK 5,166 million in 2024, with adjusted EBITA up 10% to SEK 1,010 million and a margin of 19.6%.

• Organic revenue growth was 3%, while organic profit declined by 2% due to tough comparables in the second half.

• Five acquisitions completed in 2024, contributing SEK 110 million in run-rate EBITDA or SEK 109 million in annual EBITA; all acquired units contribute to SDGs.

• Cash flow from operations reached a record SEK 823 million, with an 83% cash conversion rate.

• New organizational structure with four business areas implemented from January 2025 to enhance transparency and focus.

Financial highlights

• Q4 net sales increased 3% to SEK 1,336 million; organic sales growth was -6% excluding currency effects.

• Q4 adjusted EBITA rose 2% to SEK 260 million, margin stable at 19.5%.

• Full-year profit after tax was SEK 436 million; EPS after dilution SEK 11.44.

• Cash flow from operating activities improved to SEK 823 million, with cash conversion at 83% for the year and 109% in Q4.

• Profit after tax and EPS rose in Q4 but were slightly down for the full year due to higher interest rates.

Outlook and guidance

• Solid acquisition pipeline and strong financial position support continued long-term growth.

• New organizational structure and leadership in M&A to drive continued growth.

• Diversification across industries and geographies strengthens resilience against uncertainties.

• No formal forecasts provided, but management expects stable performance and further diversification.

• Entering 2025 with confidence in strategic positioning and diversified market exposure.