TapTravel Nordic (TAPTRAVEL) Q4 2024 earnings summary

Executive summary

• Q4 saw a temporary decline in booking volumes due to short-term budget constraints at some government clients, but gross profit margin and financial performance remained on budget.

• Digital bookings exceeded 70% of total transactions, surpassing expectations and driving operational efficiency.

• New customer agreements for 2025 are expected to add over SEK 150 million in annual volume.

• Investments in sustainability, including Biochar Carbon Removal, position the company for future growth.

Financial highlights

• Q4 revenue was SEK 247.6 million; full-year revenue reached SEK 885.3 million.

• Q4 EBITDA was SEK 16.5 million; full-year EBITDA was SEK 45.4 million.

• Q4 EBIT was SEK -5.5 million; full-year EBIT was SEK -20.3 million.

• Net result for Q4 was SEK -23.0 million; full-year net result was SEK -54.0 million.

• Cash flow for the year was SEK 11.0 million; cash and cash equivalents at year-end were SEK 11.5 million.

Outlook and guidance

• Booking volumes are expected to normalize from Q1 2025 as government agency cost-saving measures end.

• Target for digital bookings is set at a minimum of 80% for 2025.

• New customer contracts secured for 2025 will drive significant revenue growth.