Movinn (MOVINN) Q4 2024 earnings summary

Executive summary

• 2024 marked a year of transformation, with operational improvements and a strategic shift toward profitability and efficiency under the new Core'27 roadmap.

• Strong performance in Copenhagen and Sweden, but underperformance in Odense and Aarhus led to a partial market downscaling.

• Launch of Hotel TwentySix in Malmö and the Velocity Pro tech platform expanded offerings and improved operational scalability.

• The company remains committed to sustainable growth, operational excellence, and long-term value creation for stakeholders.

Financial highlights

• Net revenue grew 7.2% year-over-year to DKK 89.5 million (2023: DKK 83.5 million).

• EBITDA improved to DKK 1.3 million from negative DKK 0.3 million in 2023, but remained below expectations.

• EBIT loss narrowed to DKK (4.3) million from DKK (6.0) million in 2023.

• Net loss for the year was DKK (4.5) million, compared to DKK (6.0) million in 2023.

• Cash flow from operating activities was negative DKK (2.1) million, with cash and equivalents at DKK 4.1 million at year-end.

Outlook and guidance

• 2025 guidance: net revenue DKK 93.0–97.0 million, EBITDA DKK 5.0–7.0 million, EBIT DKK 0.0–2.0 million.

• 2026–2027 targets: revenue CAGR +15%, EBITDA margin (before listing costs and special items) of 15%.

• Strategic focus on capital efficiency, profitability, and disciplined project selection.