Acrinova (ACRI) Q4 2024 earnings summary

Executive summary

• Achieved strong financial performance in 2024, with significant growth in earnings and operational efficiency compared to 2023.

• Major transactions included the sale of Euron 1 in Trelleborg and acquisition of two industrial properties in Helsingborg.

• Continued focus on sustainable property development and energy efficiency, including installation of the largest solar plant to date.

• Board proposes a dividend of SEK 0.40 per share for 2024.

Financial highlights

• Rental income for 2024 was SEK 157.7m (143.3m), up 10% year-over-year.

• Operating surplus increased to SEK 110.7m (92.6m), a 19.5% improvement.

• Management result rose to SEK 49.9m (38.9m), up 28.3% year-over-year.

• Net profit after tax was SEK 35.9m (7.8m), with EPS of SEK 0.52 (0.11).

• Cash flow from operations was SEK 61.1m (71.2m); total cash flow for the year was SEK 38.1m (14.7m).

Outlook and guidance

• Management sees a more stable interest rate environment supporting an active transaction market in 2025.

• Ongoing and planned projects, including new logistics and industrial facilities, are expected to drive further growth.

• Dividend of SEK 0.40 per share proposed for 2024, reflecting confidence in future cash flows.