Solution International Nordics (SIN) Q4 2024 earnings summary

Executive summary

• Q4 2024 marked by structural changes, including divestment of two subsidiaries and signing of an LOI to acquire Solution International for 160 MSEK, aiming to sharpen acquisition focus and improve efficiency.

• Net sales for the group decreased to 0.2 MSEK in Q4 2024 from 0.7 MSEK in Q4 2023, mainly due to divestments.

• EBITDA for Q4 2024 was -0.4 MSEK, down from -0.3 MSEK in Q4 2023; net result after financial items was -7.0 MSEK versus -1.4 MSEK year-over-year.

Financial highlights

• Group net sales for 2024 reached 2.5 MSEK, up from 2.1 MSEK in 2023, despite a Q4 decline.

• Full-year EBITDA improved to -0.6 MSEK from -2.0 MSEK in 2023.

• Result after financial items for 2024 was -11.5 MSEK, compared to -4.1 MSEK in 2023.

• Equity ratio increased to 33% at year-end 2024 from 19% a year earlier.

• Earnings per share for 2024 was -2.60 SEK, down from -1.15 SEK in 2023.

Outlook and guidance

• Strategic review underway alongside the planned acquisition to align operations and support future growth.

• The company aims to leverage AI-driven educational platforms and expand its product portfolio for children aged 6–12.