FamiCord (V3V) Q4 2024 earnings summary

Executive summary

• Revenue grew 6.6% year-over-year to EUR 82.2 million, with strong Q4 momentum and a 7.6% increase in that quarter, despite macroeconomic and demographic headwinds.

• EBITDA rose 58.3% to EUR 8.8 million, aided by a one-off licensing agreement, and underlying profitability improved.

• Net loss widened to EUR -12.3 million from EUR -2.0 million, mainly due to higher depreciation, amortization, and goodwill impairments.

• Placenta banking was successfully launched in several markets, supporting innovation and margin expansion.

• Customer contract renewals remained high, reflecting strong trust and recurring revenue.

Financial highlights

• Sales revenue: EUR 82.2 million (2024), up from EUR 77.1 million (2023).

• EBITDA: EUR 8.8 million (2024), up from EUR 5.6 million (2023); EBITDA margin 10.7% vs. 7.2%.

• Operating result (EBIT): EUR -9.3 million (2024), down from EUR -3.1 million (2023).

• Net result: EUR -12.3 million (2024), down from EUR -2.0 million (2023); EPS EUR -0.70 vs. EUR -0.12.

• Gross margin: 25.1% (2024) vs. 36.6% (2023), impacted by higher costs and goodwill amortization.

• Cash flow from operating activities: EUR 8.7 million (2024), down from EUR 9.2 million (2023).

• Cash and cash equivalents: EUR 16.8 million at year-end 2024.

Outlook and guidance

• 2025 revenue expected in the range of EUR 85–95 million; EBITDA forecasted at EUR 8.7–10.3 million.

• Continued growth anticipated in new storages and customer contracts, with further expansion of placenta banking and new product offerings.

• Liquidity and solvency considered secure, with stress tests confirming resilience.