Bokusgruppen (BOKUS) Q4 2024 earnings summary

Executive summary

• Achieved strong growth in Q4 and full year 2024, driven by acquisitions, organic expansion, and record sales, despite a challenging macroeconomic environment.

• Customer satisfaction and active customer numbers increased for both Akademibokhandeln and Bokus.

• Acquisition of BTJ Sverige AB and two franchise networks expanded B2B and store presence.

• New long-term financing solution implemented to support growth initiatives.

Financial highlights

• Net sales rose 8.4% in Q4 2024 to MSEK 721.4; full year net sales up 6.3% to MSEK 1,988.9.

• EBITA increased by 4.2% in Q4 to MSEK 115.5 and 4.7% for the full year to MSEK 120.3.

• Gross margin improved to 45.3% in Q4 and 42.9% for the year.

• Result after tax reached 76.8 MSEK in Q4 and 41.9 MSEK for the year.

• Operating cash flow for the year was MSEK 135.5, down from MSEK 218.2, mainly due to higher investments.

Outlook and guidance

• Entering 2025 with strong momentum from acquisitions, new stores, and enhanced e-commerce capabilities.

• Rollout of new e-commerce systems and IT transformation expected to enhance sales and cost efficiency.

• Board proposes increasing dividend from 3.30 to 3.60 SEK per share.

• Anticipates improved economic conditions for consumers in Sweden.

• Long-term EBITA margin target remains at 8%, expected after IT transformation completion.