Triona (TRIONA) Q4 2024 earnings summary

Executive summary

• Net sales for Q4 2024 were 71.9 MSEK, slightly below Q4 2023, with growth in services and hardware offset by a decline in product-related revenue and negative currency effects.

• EBITA for Q4 was 0.3 MSEK, down 2.3 MSEK year-over-year; EBIT was -2.0 MSEK, reflecting lower profitability, especially in Norway.

• Full-year 2024 net sales reached 268.2 MSEK, up 1.2 MSEK from 2023, with EBITA at 12.3 MSEK (down 9.2 MSEK) and EBIT at 3.2 MSEK (down 9.2 MSEK).

• The year was marked by a challenging market, a major customer reduction in Norway, and the launch of a new strategy, Focus28, targeting infrastructure, transport, and forestry.

Financial highlights

• Q4 net sales: 71.9 MSEK (Q4 2023: 72.1 MSEK); full-year: 268.2 MSEK (2023: 267.0 MSEK).

• Q4 EBITA: 0.3 MSEK (Q4 2023: 2.6 MSEK); EBIT: -2.0 MSEK (Q4 2023: 0.3 MSEK).

• Full-year EBITA: 12.3 MSEK (2023: 21.5 MSEK); EBIT: 3.2 MSEK (2023: 12.4 MSEK).

• Cash flow from operations Q4: 5.6 MSEK (Q4 2023: 4.0 MSEK); full-year: 16.0 MSEK (2023: 9.1 MSEK).

• Negative currency effects from NOK reduced sales by 0.5 MSEK in Q4 and 2.1 MSEK for the year.

Outlook and guidance

• Focus28 strategy (2025–2028) aims to drive growth and profitability by increasing recurring revenues in core sectors and investing in SaaS solutions.

• Two major internal projects launched: new ERP system (go-live May 2025) and CRM system (go-live Feb 2025) to support future growth.