Tribox Group (TRIBO) Q4 2024 earnings summary

Executive summary

• Achieved positive EBITDA for both Q4 and full year 2024, reflecting successful cost-saving measures and margin improvements.

• Net sales grew to 36.7 MSEK in Q4 (up from 32.6 MSEK YoY) and 122.3 MSEK for the year (up from 69.1 MSEK YoY), driven by Elite Oil's strong performance.

• Operating result (EBIT) improved to -1.2 MSEK in Q4 (from -3.8 MSEK YoY) and -5.9 MSEK for the year (from -9.6 MSEK YoY).

• Cash flow from operations improved significantly, with liquidity at 6.3 MSEK at year-end.

Financial highlights

• Q4 net sales: 36,657 TSEK (Q4 2023: 32,574 TSEK); full year: 122,278 TSEK (2023: 69,116 TSEK).

• Q4 EBITDA: 1,698 TSEK (Q4 2023: -2,098 TSEK); full year EBITDA: 1,394 TSEK (2023: -5,074 TSEK).

• Q4 EBIT: -1,150 TSEK (Q4 2023: -3,763 TSEK); full year EBIT: -5,862 TSEK (2023: -9,592 TSEK).

• Net result Q4: -1,757 TSEK (Q4 2023: -5,999 TSEK); full year: -8,161 TSEK (2023: -12,508 TSEK).

• Cash flow from operations: -2,051 TSEK in Q4 (Q4 2023: -132 TSEK); -2,711 TSEK for the year (2023: -15,557 TSEK).

Outlook and guidance

• Management expects long-term demand growth in core markets, with future improvements from increased sales, broader product offerings, and more recurring revenues.

• Ongoing evaluation of acquisition opportunities and new financing arrangements to enhance flexibility and support expansion.