HomeMaid (HOME) Q4 2024 earnings summary

Executive summary

• Achieved record year in 2024 with revenue up 13.8% to 501 MSEK and EBITA up to 40 MSEK, driven by strong growth in Home Cleaning and improved margins from operational efficiency.

• Growth in Q4 was 8.2% year-over-year, with EBITA margin rising to 8.5% from 5.4% and continued customer inflow and reduced churn in subscription base.

• Two acquisitions in Q4 (Sundsvall and Jönköping) to strengthen local presence and future growth.

Financial highlights

• Q4 2024 revenue: 135,177 kSEK (up 8.2% YoY); full-year revenue: 500,916 kSEK (up 13.8% YoY).

• Q4 EBITDA: 15,507 kSEK (margin 11.5%); full-year EBITDA: 56,159 kSEK (margin 11.2%).

• Q4 EBITA: 11,518 kSEK (margin 8.5%); full-year EBITA: 40,123 kSEK (margin 8.0%).

• Q4 EBIT: 10,820 kSEK (margin 8.0%); full-year EBIT: 36,385 kSEK (margin 7.3%).

• EPS for 2024: 1.38 SEK (0.79 SEK in 2023); Q4 EPS: 0.43 SEK (0.21 SEK in Q4 2023).

Outlook and guidance

• Home Cleaning expected to continue positive development as inflation and interest rates stabilize.

• Corporate segment seen as having recovery potential with economic upturn and internal efficiency measures.