Stockholm Treasury (STHLM) Q4 2024 earnings summary

Executive summary

• 2024 marked a year of strategic transformation, with a focus on core business and divestment of VREX AB to streamline operations and improve long-term profitability.

• Demand for Bodyflight's core offering is recovering, with a renewed focus on customer experience and operational efficiency.

Financial highlights

• Net revenue for Q4 2024 was 6,871 Tkr, down 36% year-over-year; full-year revenue was 30,835 Tkr, a 10.6% decrease.

• Operating result for Q4 was -1,558 Tkr (vs. 1,320 Tkr last year); full-year operating result was -3,001 Tkr (vs. 4,409 Tkr in 2023).

• Net result for Q4 was -2,199 Tkr (vs. 902 Tkr last year); full-year net result was -4,725 Tkr (vs. 2,693 Tkr in 2023).

• Earnings per share after tax for Q4 was -0.13 SEK; for the year, -0.28 SEK.

• Cash flow from operations for the year was -2,289 Tkr, with cash and cash equivalents decreasing to 339 Tkr.

Outlook and guidance

• 2025 will focus on developing the offering, improving marketing, and optimizing operations in Stockholm and Gothenburg.

• The trend for activity-based experiences remains strong, supporting future growth ambitions.