Moment Group (MOMENT) Q4 2024 earnings summary

Executive summary

• Operationally strong end to a challenging year, with high occupancy and successful events, but results weighed down by SEK 45 million in impairments and restructuring costs.

• Strategic shift announced post-year-end, focusing on optimizing and developing existing operations, including a reorganization affecting eleven functions.

• No dividend proposed for 2024 due to ambitions and debt level; liquidity to be reinvested in the business.

Financial highlights

• Net sales for 2024 were SEK 1,068 million, up from SEK 1,042 million year-over-year.

• EBIT for 2024 was SEK -16 million, down from SEK 67 million in 2023, mainly due to impairments and restructuring costs.

• Adjusted EBIT (excluding SEK 45 million in impairments/restructuring) was SEK 29 million, compared to SEK 67 million last year.

• Earnings per share for 2024 were SEK -1.73 (SEK 1.96 in 2023).

• Cash flow from operating activities was SEK 76 million (SEK 54 million in 2023); liquidity at year-end was SEK 111 million.

Outlook and guidance

• Strategic review of financial targets underway due to new operational focus.

• Booking outlook for early 2025 is promising, with major events and full-house bookings expected.

• Major renovation planned for Cirkusbygningen in Copenhagen, with reopening scheduled after summer 2025.