AB Amber Grid (AMG1L) Q4 2024 earnings summary

Executive summary

• Revenue for 2024 was EUR 74.6 million, down 8% year-over-year due to a 10% decrease in natural gas transmission volumes.

• Net profit for 2024 was EUR 8.3 million, a 38% decrease compared to EUR 13.4 million in 2023.

• EBITDA reached EUR 26.5 million, up 3% year-over-year, with adjusted EBITDA at EUR 27.4 million.

• The company paid EUR 20.2 million in dividends in 2024, up from EUR 12.1 million in 2023.

• Loss of control of GET Baltic in 2023 led to a one-time gain of EUR 10.1 million recognized in 2023.

Financial highlights

• Revenue decreased by 8% to EUR 74.6 million in 2024 compared to 2023.

• Net profit dropped to EUR 8.3 million from EUR 13.4 million year-over-year.

• EBITDA increased to EUR 26.5 million from EUR 25.7 million year-over-year.

• Operating profit (EBIT) was EUR 11.2 million, down from EUR 15.5 million in 2023.

• Basic and diluted EPS was EUR 0.05, compared to EUR 0.08 in 2023.

Outlook and guidance

• No explicit forward-looking guidance provided; management continues to monitor regulatory and market conditions.

• Ongoing legal and regulatory proceedings may impact future results.

• Company maintains focus on infrastructure investments and operational efficiency.