KB Components (KBC) Q4 2024 earnings summary

Executive summary

• Net sales grew 17% year-over-year to SEK 2,721 million, with organic growth of 4% and significant contributions from acquisitions.

• Adjusted EBITDA for the year reached SEK 409 million, up from SEK 386 million, with an adjusted EBITDA margin of 15%.

• Major acquisitions included Plastone Group (Finland/Estonia) in December and Draken i Reftele AB in April, diversifying the customer base and expanding geographic reach.

• The company was listed on Nasdaq First North Premier Growth Market in December 2024.

• After the reporting period, JBJ Technologies in India was acquired, further strengthening the Asian presence.

Financial highlights

• Q4 net sales increased 30% year-over-year to SEK 818 million; full-year net sales rose to SEK 2,721 million from SEK 2,333 million.

• Q4 adjusted EBITDA was SEK 94 million (11.5% margin), down from SEK 102 million (16.2%) in Q4 2023.

• Full-year profit after tax was SEK 108 million, with adjusted profit after tax at SEK 158 million.

• Earnings per share for the year were SEK 1.77, compared to SEK 1.92 in 2023.

• Cash flow from operating activities decreased to SEK 157 million from SEK 263 million year-over-year.

Outlook and guidance

• Growth for 2025 is expected to match or exceed 2024, supported by recent acquisitions and organic expansion, especially in Asia.

• Profitability of acquired units is initially lower, but margin improvement is anticipated as integration progresses.

• The Board proposes a dividend of SEK 1.50 per share for 2024.