SIBEK (SIBEK) Q4 23/24 earnings summary

Executive summary

• Revenue grew 21.8% year-over-year to 143,722 TSEK for 2023/24, with EBIT up 35.5% to 19,990 TSEK and net income at 16,543 TSEK.

• Fourth quarter revenue increased 28.4% to 38,445 TSEK, with EBIT up 101.6% to 5,808 TSEK and EPS at 0.47 SEK.

• Board proposes a dividend of 1.20 SEK per share for 2023/24.

• Strong order intake and high utilization, supported by new contracts with Trafikverket.

Financial highlights

• Full-year EBIT margin improved to 13.9% (from 12.5%), and EBITDA margin to 14.0% (from 12.6%).

• Cash flow from operations was 13,051 TSEK for the year, with cash and bank at 30,238 TSEK at period end.

• Equity ratio increased to 68% from 59% year-over-year.

• Personnel costs rose to 71,084 TSEK, reflecting staff growth and wage increases.

Outlook and guidance

• High activity expected in autumn, with some project delays likely to shift revenue into later quarters.

• Continued strong demand anticipated for all service areas, especially commissioning and design.