Dividend Sweden (DIV) Q4 2024 earnings summary

Executive summary

• Net sales for Q4 2024 reached 4.5 MSEK, up from -1.3 MSEK in Q4 2023; full-year net sales were 11.9 MSEK, down from 20.5 MSEK year-over-year.

• Full-year result after tax was 6.0 MSEK, a turnaround from -3.3 MSEK in 2023; Q4 result after tax was -7.5 MSEK, compared to -5.3 MSEK in Q4 2023.

• Key portfolio company Evendo launched a travel guide app and acquired Meta Industries, strengthening its tech stack.

• Sale of Classic Living and a customer loss related to KruSwiss Agro negatively impacted Q4 results.

• Acenta, an associated company, was listed on Nasdaq First North after a reverse acquisition with Bonzun.

Financial highlights

• Q4 operating income: 4.5 MSEK (Q4 2023: -1.3 MSEK); full-year operating income: 24.8 MSEK (2023: 20.5 MSEK), including 12.9 MSEK from securities revaluation.

• Q4 operating expenses: 11.9 MSEK (Q4 2023: 2.0 MSEK); full-year: 17.6 MSEK (2023: 20.6 MSEK).

• Q4 operating result: -7.4 MSEK (Q4 2023: -3.3 MSEK); full-year: 7.2 MSEK (2023: -0.1 MSEK).

• Q4 result per share: -0.08 SEK (Q4 2023: -0.07 SEK); full-year: 0.06 SEK (2023: -0.04 SEK).

• Equity at year-end: 67.7 MSEK (2023: 58.2 MSEK); cash and equivalents: 0.6 MSEK (2023: 0.8 MSEK).

Outlook and guidance

• Management expects significant structural transactions in major unlisted holdings in 2025, likely strengthening liquidity.

• Anticipates increased IPO activity and more share distribution deals with dividends to shareholders.

• Ongoing negotiations for several deals, with expectations to close in the near term.