Wonderful Times Group (WTG) Q4 2024 earnings summary

Executive summary

• Revenue for Q4 2024 increased by 2% year-over-year to 25.0 MSEK; full-year revenue declined by 2% to 78.8 MSEK.

• EBITDA for Q4 was 1.0 MSEK (up 22%); full-year EBITDA rose 31% to 2.0 MSEK.

• Net income for Q4 was 0.8 MSEK; full-year net income increased to 1.5 MSEK from 0.5 MSEK.

• Board proposes a dividend of 0.12 SEK per share, representing 36% of net profit.

• Acquisition of Amvina completed at year-end, expected to contribute to future growth.

Financial highlights

• Gross margin stable at 34% in Q4 and improved to 36% for the full year.

• Cash flow from operations was 3.3 MSEK in Q4 but negative -1.0 MSEK for the year.

• Equity ratio at year-end was 78%, down from 82% last year.

• Earnings per share for Q4 was 0.17 SEK; full-year EPS was 0.33 SEK.

• Cash and unused credit totaled 15.8 MSEK at year-end.

Outlook and guidance

• Market for toys and baby products remains challenging, but recent interest rate cuts may support consumer demand.

• Investments and Amvina acquisition position the group for long-term growth, contingent on market improvement.

• Financial targets: 10% annual sales growth, EBITDA margin of at least 10%, equity ratio above 40%, and dividend payout of 30–70% of net profit.