Citira (CITRA) Q4 2024 earnings summary

Executive summary

• Achieved strong acquisition momentum with 17 acquisitions in 2024, expanding presence in Sweden and Finland and strengthening position in the Nordic tire service market.

• LFL total revenue for the year reached SEK 2,399.8 million, with organic growth in Nordic countries and resilience in Poland.

• New CEO appointed in August and new management structure implemented to support strategic growth.

Financial highlights

• Reported total revenue for Q4 2024 was SEK 783.8 million, up 116% year-over-year; full-year reported revenue was SEK 1,642.3 million.

• Adjusted EBITDA for Q4 was SEK 85.4 million, up 150% year-over-year; full-year adjusted EBITDA was SEK 117.3 million.

• LFL total revenue for Q4 increased 7% to SEK 859.6 million; LFL adjusted EBITDA for Q4 was SEK 111.1 million, unchanged year-over-year.

• Full-year LFL adjusted EBITDA was SEK 191.7 million, up 1% year-over-year.

• Q4 result before tax was SEK 1.4 million; full-year result before tax was SEK -60.5 million, impacted by higher interest expenses from acquisition financing.

Outlook and guidance

• Positioned for continued value creation in 2025 with a strong market presence and expanded customer base.

• Synergy effects from recent acquisitions are expected to materialize in the future.