Panostaja (PNA1V) Q4 2024 earnings summary

Executive summary

• Group net sales for Q4 increased by 4% year-over-year to €35.5M, with EBIT improving to €1.7M from -€0.8M.

• For the full year, net sales declined by 2% to €134.0M, but EBIT improved to €2.5M from -€1.1M.

• Profitability measures began to yield results, with all segments showing EBIT improvement year-over-year.

• The Board proposes no dividend for the year to preserve investment capacity.

Financial highlights

• Q4 net sales: €35.5M (+4% YoY); full year: €134.0M (-2% YoY).

• Q4 EBIT: €1.7M (prior year: -€0.8M); full year EBIT: €2.5M (prior year: -€1.1M).

• Q4 net profit: €1.4M (prior year: -€1.4M); full year net loss: -€3.2M (prior year: -€3.6M).

• Earnings per share (undiluted): Q4 €0.013 (prior year: -€0.014); full year -€0.08 (prior year: -€0.06).

• Full year includes a €3.1M write-down in loan receivables.

Outlook and guidance

• Demand for Grano, Oscar Software, CoreHW, and Hygga expected to remain satisfactory in the short term.

• Corporate acquisition market activity remains slow but is expected to recover as economic outlook improves.

• Uncertainties persist due to geopolitical and macroeconomic factors, including the war in Ukraine and Middle East tensions.