Nordic LEVEL Group (LEVEL) Q4 2024 earnings summary

Executive summary

• Net sales for 2024 reached 371.1 MSEK, up 2.5% year-over-year, with Q4 sales at 107.3 MSEK, down 2.8% from Q4 2023.

• Adjusted EBITDA for 2024 was 18.9 MSEK (18.3), with Q4 adjusted EBITDA at 18.4 MSEK (10.0), nearly doubling Q4 2023.

• Net result for 2024 was -6.0 MSEK (-5.2), with Q4 net profit at 9.3 MSEK (8.8).

• Order intake for 2024 increased 32.5% to 372.8 MSEK, with Q4 order intake up 17.9% to 94.0 MSEK.

• Record-high profitability in Q4 attributed to restructuring, efficiency gains, and strong order backlog.

Financial highlights

• Adjusted EBIT for 2024 was 1.5 MSEK (5.7), with Q4 adjusted EBIT at 13.0 MSEK (7.0).

• Reported EBIT for 2024 was -9.2 MSEK (5.7), impacted by one-time costs; Q4 reported EBIT was 12.4 MSEK (7.0).

• EPS for 2024 was -0.03 SEK (-0.04); Q4 EPS was 0.05 SEK (0.05).

• Cash flow from operations for 2024 was 11.5 MSEK (1.3), with Q4 at 15.3 MSEK (6.1).

• Year-end cash position was 8.4 MSEK (36.5), with net debt at 75.1 MSEK (26.2).

Outlook and guidance

• Strong order and offer backlog positions the group for continued growth in 2025.

• No signs of slowdown in the security sector; demand for advanced security solutions expected to remain robust.