Precio Fishbone (PRCO) Q4 2024 earnings summary

Executive summary

• Net sales for Q4 2024 were SEK 45.8m, down from SEK 55.8m; full-year sales were SEK 173.1m, down from SEK 213.5m year-over-year.

• EBITA for Q4 was SEK 1.5m (Q4 2023: SEK 7.7m); full-year EBITA was SEK 9.8m (2023: SEK 13.7m).

• EBITA margin for the year was 5.6% (2023: 6.4%); Q4 margin was 3.3% (Q4 2023: 13.7%).

• Result after tax for the year was SEK 7.9m (2023: SEK 9.6m); EPS after tax was SEK 0.87 (2023: SEK 1.04).

• Cash flow from operations for the year was SEK 23.2m (2023: SEK 37.2m); proposed dividend is SEK 0.45 per share (2023: SEK 1.30).

Financial highlights

• Q4 net sales declined 18% year-over-year, mainly due to the prior year including Omnia operations.

• Q4 EBITA margin dropped to 3.3% from 13.7% year-over-year.

• Full-year EBITA margin was 5.6%, down from 6.4% in 2023.

• Cash flow per share from operations was SEK 2.53 for the year (2023: SEK 4.05).

• Equity per share at year-end was SEK 17.36 (2023: SEK 30.40); soliditet was 76.0% (2023: 82.1%).

Outlook and guidance

• Management expects a brighter scenario for 2025, with signs of market recovery and increased hiring needs in certain areas.

• Demand for project managers and business analysts is rising, indicating early signs of market upturn.

• Uncertainty remains regarding the speed of recovery and the impact of US NGO funding on the NGOonline segment.