Oponeo.pl (OPN) Q4 2024 earnings summary

Executive summary

• Revenue increased by 12.95% year-over-year to PLN 2,114.3 million, with net profit up 64.19% to PLN 89.5 million, reflecting strong sales in core and developing segments.

• The car accessories segment contributed 82.4% of total revenue, while the bicycle segment grew 47.3% and tools 16.7%.

• Domestic sales rose 15.9% to PLN 1,790.9 million, with foreign sales stable at PLN 323.4 million.

Financial highlights

• Gross profit on sales increased 29.8% to PLN 481.3 million, with a gross margin of 22.77% (up from 19.81%).

• Operating profit rose to PLN 123.8 million (up 93.8%), and EBITDA margin improved to 7.19% from 4.66%.

• Net profit margin reached 4.23% (vs. 2.91% in 2023), and EPS was PLN 6.41 (vs. PLN 3.91).

• Total assets grew 15.8% to PLN 809.9 million, with inventories up 42.6% to PLN 400.7 million.

• Net cash from operations was PLN 85.4 million; net cash outflows from investing and financing were PLN -51.9 million and PLN -60.4 million, respectively.

Outlook and guidance

• The Group aims to consolidate its leadership in online tyre and rim sales, expand bicycle and tool segments, and further optimise logistics and warehousing.

• 2025 guidance anticipates continued revenue and profit growth, supported by economic recovery, e-commerce expansion, and new store openings.