Amica (AMC) Q4 2024 earnings summary

Executive summary

• Revenue declined 9.3% year-over-year to 2,573.6 million zł, with net profit rebounding to 13.2 million zł from a loss in 2023.

• The group implemented a new “Back to Profitability” strategy, focusing on European markets, product innovation, and operational efficiency.

• ESG initiatives advanced, with a focus on carbon footprint reduction, circular economy, and social responsibility.

• The sale of Stadion Poznań Sp. z o.o. and changes in the Russian business model were significant structural events.

Financial highlights

• Revenue: 2,573.6 million zł (down 9.3% year-over-year).

• Net profit: 13.2 million zł (vs. -4.0 million zł in 2023).

• EBITDA: 125.4 million zł (down 8.5% year-over-year).

• Gross margin: 27.0% (up 0.4 pp year-over-year).

• Net debt: 105.5 million zł (up from 90.8 million zł in 2023).

• Dividend paid: 2.50 zł per share, totaling 19.2 million zł.

Outlook and guidance

• The group targets a return to profitability, aiming for EBITDA margin above 7% and gross margin of 28% by 2030.

• Strategic focus on European market expansion, product innovation, and operational cost efficiency.

• ESG goals include climate neutrality in production by 2040 and elimination of the gender pay gap by 2030.