Viafin Service (VIAFIN) Q4 2024 earnings summary

Executive summary

• Revenue for 2024 reached €91.6M, up 21.6% year-over-year, with EBIT at €5.7M, a 37.9% increase, both at record highs.

• Profitability improved despite weaker industrial market conditions and slower decision-making in maintenance.

• Acquisitions of Viafin Wind Service and OT Service expanded service offering and geographic reach.

• Board proposes a dividend of €0.65 per share for 2024, continuing the annual growth trend.

Financial highlights

• 2024 revenue: €91.6M (2023: €75.4M), up 21.6%; H2 revenue: €50.0M, up 32.8%.

• EBITDA: €7.5M (8.1% margin), EBIT: €5.7M (6.3% margin), Net profit: €4.7M (5.1% margin).

• EPS: €1.26 (2023: €0.98); cash and equivalents: €10.1M (2023: €17.2M).

• Cash conversion dropped to 60.5% from 122.6% due to higher inventory and receivables.

• Equity ratio at year-end: 53.1% (2023: 56.5%).

Outlook and guidance

• 2025 revenue expected at €90–100M; EBIT guidance €5.8–7.4M.

• Market conditions in early 2025 anticipated to remain unstable; green transition investments to grow but at a slower pace.

• Strategic focus remains on profitability, cash flow improvement, and selective acquisitions.