Dellia (DELIA) Q4 2024 earnings summary

Executive summary

• Revenue grew to NOK 265.97 million in 2024, up 151% year-over-year, with strong expansion across Nordic and European markets.

• Operating profit increased to NOK 12.64 million from NOK 3.96 million in 2023, reflecting improved scale and margin expansion.

• Net profit for 2024 was NOK 6.80 million, up from NOK 2.23 million in 2023, despite higher finance expenses and tax.

• The group completed its first IFRS financial statements, with significant adjustments for lease accounting, internal transactions, and equity structure.

Financial highlights

• Revenue: NOK 265.97 million (2024), NOK 105.90 million (2023), NOK 52.94 million (2022).

• Operating profit: NOK 12.64 million (2024), NOK 3.96 million (2023), NOK 1.32 million (2022).

• Net profit: NOK 6.80 million (2024), NOK 2.23 million (2023), loss of NOK 0.33 million (2022).

• Basic and diluted EPS: NOK 0.80 (2024), NOK 1.22 (2023), NOK 0.16 (2022).

• Cash and cash equivalents at year-end: NOK 7.39 million (2024), NOK 30.26 million (2023).

Outlook and guidance

• Management expects continued growth in core markets, supported by expanded product lines and geographic reach.

• Ongoing monitoring of climate and geopolitical risks, with mitigation strategies in place for supply chain and regulatory changes.