Soluciones Cuatroochenta (480S) Q4 2024 earnings summary

Executive summary

• 2024 revenue was €27.58M, up 23% YoY; ARR rose 28% to €19.35M.

• EBITDA reached €3.24M, up 57%, with an 11.74% margin, up 252 bps.

• Net income was €1.13M versus €0.17M in 2023; operating cash flow reached €5.11M.

Financial highlights

• Net sales were €27.58M versus €22.41M in 2023; organic sales growth was €5.18M, or 23%.

• Total income was €28.44M; operating income was €1.43M versus €0.44M in 2023.

• Consolidated net income was €1.13M versus €0.17M; basic and diluted EPS were €0.42 and €0.40, respectively.

• Operating cash flow increased to €5.11M from €2.03M, aided by improved results and advance project collections.

Outlook and guidance

• International sales represented 47% of 2024 revenue, up from 35% in 2023; geographic diversification is expected to continue.

• Strategy targets higher ARR and recurring revenue through partner channels, standardized tools, and simpler implementations.

• Eiffel financing is intended to fund inorganic growth; no acquisitions were completed in 2024 or 2023.

• Debt is expected to be serviced under contractual terms using operating cash flow and year-end cash.