New Bubbleroom Sweden (BBROOM) Q4 2024 earnings summary

Executive summary

• Net sales in Q4 2024 declined by 6.8% year-over-year to SEK 113.3 million, while full-year net sales increased by 0.4% to SEK 439.6 million and gross margin improved to 65.5%.

• Adjusted EBITDA loss in Q4 was halved year-over-year to SEK -1.6 million, reflecting significant profitability improvement and effective cost control.

• Focus areas included customer journey improvements, product optimization, cost optimization, and sustainability initiatives.

• New initiatives launched in 2024 included a customer club and "Bubbleroom pre-loved".

Financial highlights

• Q4 gross profit was SEK 71.9 million, down 7.5% year-over-year; full-year gross profit was SEK 287.9 million, up 1.5%.

• Q4 gross margin was 63.5% (63.9% prior year); full-year gross margin improved to 65.5% (64.8%).

• Q4 adjusted EBIT was SEK -4.1 million (improved from -5.4 million); full-year adjusted EBIT was SEK -15.1 million (improved from -22.4 million).

• Q4 net result was SEK -4.6 million (-9.3 million prior year); full-year net result was SEK -17.7 million (-29.3 million prior year).

• Earnings per share for the year improved to -1.14 SEK from -1.89 SEK.

Outlook and guidance

• Continued focus on operational efficiencies, cost control, and profitable growth.

• Plans to drive growth through geographical expansion and scalable financial platform.