Tekova (TEKOVA) Q4 2024 earnings summary

Executive summary

• Revenue grew 17.1% year-over-year to €65.5 million in 2024, with EBIT up 71% to €6.0 million and net profit doubling to €5.0 million.

• Order backlog increased 70% to €70 million by year-end, with all eight delivered projects completed on schedule and without defects.

• Customer satisfaction reached an NPS of 100 for completed projects, and employee eNPS was 49.

• Eight projects were delivered, and 22 new KVR contracts were signed, including the largest project in company history (€16.4 million).

• The company was listed on Nasdaq First North Growth Market Finland in December 2024.

Financial highlights

• Revenue: €65.5 million (2023: €55.9 million), up 17.1% year-over-year.

• EBIT: €6.0 million (2023: €3.5 million), EBIT margin 9.1% (2023: 6.2%).

• Net profit: €5.0 million (2023: €2.5 million), net margin 7.6% (2023: 4.5%).

• EPS: €0.118 (2023: €0.061); Q4 EPS was €0.045.

• Operating cash flow: €5.9 million (2023: €10.7 million); cash position at year-end was €14.9 million, with no interest-bearing debt.

Outlook and guidance

• 2025 revenue guidance: €70–90 million; EBIT guidance: €5.5–7.5 million, based on strong backlog and ongoing negotiations.

• Guidance based on current order backlog, ongoing negotiations, and market assessment.