Enrad (ENRAD) Q4 2024 earnings summary

Executive summary

• Net sales for 2024 increased to 43,085 TSEK from 29,590 TSEK year-over-year, reflecting strong growth.

• Operating income before depreciation and financial items was 1,315 TSEK, down from 1,644 TSEK in 2023.

• Net result for the year was -1,439 TSEK, compared to 58 TSEK in 2023; EPS was -0.06 SEK (0.00 SEK last year).

• Equity at year-end stood at 23,706 TSEK, with a solidity of 58% (65% in 2023).

• Q4 saw a one-time margin impact due to strategic low-margin sales and inventory write-downs.

Financial highlights

• Q4 net sales were 14,816 TSEK, down from 18,634 TSEK in Q4 2023.

• Q4 operating income before depreciation and financial items was 58 TSEK (4,967 TSEK in Q4 2023).

• Q4 net result was -737 TSEK, compared to 4,649 TSEK in Q4 2023.

• Full-year cash flow from operations was 4,843 TSEK, up from 1,494 TSEK in 2023.

• Cash at year-end was 4,699 TSEK; inventory and receivables tied up about 26 MSEK.

Outlook and guidance

• Management expects continued strong growth in Q1 2025, with a plan to increase gross margin by 2% in Q1 and another 2% in Q2.

• Capital needs are monitored, but the board believes operations can continue through 2025 without additional capital.

• Expansion plans include new subsidiaries in Holland and another country in 2025.