Stockwik Förvaltning (STWK) Q4 2024 earnings summary

Executive summary

• Organic growth in revenue and operating profit continued in Q4 2024, with net sales up 4.6% to SEK 253.8m and EBITA up 8.3% to SEK 21.8m compared to Q4 2023.

• Full-year 2024 net sales increased 4.0% to SEK 850.9m and EBITA rose 5.2% to SEK 52.4m year-over-year.

• Cash flow from operating activities improved by 47.5% to SEK 59.9m for the year.

• Measures taken in 2024 improved profitability and cost efficiency despite a weak economic climate.

• No dividend proposed for the 2024 financial year.

Financial highlights

• Q4 EBITDA: SEK 32.3m (up 1.9% year-over-year); EBIT: SEK 20.0m (up 13.6%).

• Full-year EBITDA: SEK 95.1m (up 6.2%); EBIT: SEK 44.8m (up 19.3%).

• Net result for Q4: SEK -1.4m (improved from SEK -14.0m); full-year net result: SEK -13.6m (improved from SEK -37.2m).

• EPS for 2024: SEK -2.16 (vs. SEK -5.89 in 2023).

• Net debt at year-end: SEK 385.8m; net debt/EBITDA: 4.06 (down from 4.31).

Outlook and guidance

• Conditions are seen as favorable for a stronger market in 2025 as interest rates fall and inflation remains low.

• Focus remains on profitability, capital efficiency, and improved financing to enable new acquisitions.