Mysafety Group (SAFETY) Q4 2024 earnings summary

Executive summary

• Q4 2024 showed significant improvement in results, with both sales and new sales increasing year-over-year, despite one-time restructuring costs.

• Full-year 2024 net sales rose 2.6% to SEK 320.0m, but operating income and net result declined due to non-cash and one-off items.

• The board proposes a dividend of SEK 1 per share, split into two payments in June and December 2025.

Financial highlights

• Q4 net sales: SEK 88.0m (up from SEK 64.7m); full-year: SEK 320.0m (up from SEK 311.9m).

• Q4 operating result: SEK -0.2m (improved from SEK -29.4m); full-year: SEK -21.9m (down from SEK 34.5m).

• Q4 net result: SEK -3.7m (improved from SEK -28.4m); full-year: SEK -24.3m (down from SEK 33.2m).

• Q4 EBITDA: SEK 10.1m (up from SEK -19.0m); full-year: SEK 20.8m (down from SEK 74.6m).

• Cash flow from operations before working capital changes improved to SEK 12.9m for the year (from SEK -1.6m).

Outlook and guidance

• Continued focus on simplification, efficiency, and a more focused product portfolio in 2025.

• New fraud insurance product to launch in 2025, expected to meet strong market demand.

• Ongoing cost savings initiatives targeting SEK 25–30m in annual savings.