Doosan Skoda Power s.r.o (DSPW) Q4 2024 earnings summary

Executive summary

• Achieved revenue of CZK 5,872 million in 2024, up 23% year-over-year, with profit for the period at CZK 668 million, a 22% increase from 2023.

• Completed legal transformation to a joint-stock company and listed shares on the Prague Stock Exchange in early 2025.

• Significant reduction in share capital to CZK 1,450 million and subsequent IPO increased capital to CZK 1,595 million.

Financial highlights

• Revenue: CZK 5,872 million (2024), up from CZK 4,774 million (2023).

• Operating profit: CZK 603 million (2024), up from CZK 472 million (2023).

• Net profit: CZK 668 million (2024), up from CZK 547 million (2023).

• Total assets: CZK 6,918 million (2024), down from CZK 8,769 million (2023).

• Equity: CZK 4,110 million (2024), down from CZK 5,835 million (2023), mainly due to share capital reduction and dividend payout.

Outlook and guidance

• Revenue backlog at year-end 2024 was CZK 8,788 million, with 41% expected to be recognized within one year.

• IPO completed in February 2025, with 33% of shares in free float, supporting future growth and capital structure.