Springvest (SPRING) H2 2024 earnings summary

Executive summary

• Achieved record revenue and profitability in 2024, with revenue up 83% year-over-year to €6.9M and operating profit up 279% to €2.0M.

• Facilitated €64M in growth funding for Finnish companies, a 73% increase from the prior year.

• Welcomed approximately 2,000 new investor clients and completed the largest funding rounds in company history.

• Five portfolio company exits generated €1.7M in net proceeds, supporting strong dividend payouts.

• Shareholder base grew by 50% to 1,248, and the closing share price rose 88% to €7.95.

Financial highlights

• Revenue: €6.9M (2023: €3.8M), +83% year-over-year.

• Operating profit: €2.0M (2023: €0.5M), margin 30% (2023: 14%).

• Profit for the period: €1.6M (2023: €0.4M), +350% year-over-year.

• Earnings per share: €0.29 (2023: €0.06), +387%.

• Equity ratio: 78% (2023: 80%).

• Liquid assets: €3.5M (2023: €1.6M).

• Market capitalization at year-end: €44.3M.

Outlook and guidance

• 2025 revenue expected to be close to 2024's record level, with operating profit margin near the long-term target of 20%.

• Medium/long-term goals: average operating profit margin >20%, annual addition of €5M in new portfolio shares, and €1B in total growth funding by 2035.

• Target to distribute at least 80% of annual profit and exit proceeds as dividends.