Alefarm Brewing (ALEFRM) H2 2024 earnings summary

Executive summary

• Revenue increased by 13% year-over-year to DKK 9.9 million, driven by strong domestic sales and digital channels.

• Export sales declined by 38% and now represent less than 10% of total revenue.

• EBITDA improved to DKK -1.2 million from DKK -1.6 million, but missed guidance due to extraordinary costs.

• Net loss narrowed to DKK -3.2 million from DKK -3.5 million year-over-year.

• A new CEO was appointed and a capital increase of DKK 1.5 million was completed in November 2024.

Financial highlights

• Revenue: DKK 9,925,498 (2024) vs. DKK 8,780,949 (2023).

• Gross profit: DKK 2,644,420 (2024) vs. DKK 2,088,523 (2023).

• EBITDA: DKK -1,199,000 (2024) vs. DKK -1,564,000 (2023).

• Net loss: DKK -3,223,352 (2024) vs. DKK -3,533,638 (2023).

• Earnings per share: DKK -0.228.

Outlook and guidance

• 2025 revenue expected between DKK 10.8–11.5 million.

• 2025 EBITDA expected between DKK 0 and DKK 350,000.

• Focus on digital sales, new alcohol-free products, and export market recovery.