Prevas (PREV) Q4 2024 earnings summary

Executive summary

• Achieved record annual and Q4 turnover in 2024, with 7% revenue growth and 9.4% EBITA margin, driven by acquisitions and market adaptation.

• Major acquisitions in Finland (Enmac) and Denmark (Design People) expanded the Nordic platform, with integrations proceeding as planned.

• Strong operative cash flow for the year at SEK 136.8 million, supporting a proposed unchanged dividend of SEK 4.75 per share.

• Transitioned from a Scandinavian to a Nordic company, strengthening regional leadership and resilience.

• EBITA and profit margins declined year-over-year due to lower activity rates, acquisition-related costs, and calendar effects.

Financial highlights

• Q4 turnover was SEK 432.0 million (up 8.2% year-over-year); full-year turnover reached SEK 1,587 million (up 7.0%).

• Q4 EBITA was SEK 32.6 million (margin 7.5%); full-year EBITA was SEK 148.9 million (margin 9.4%).

• Q4 operating cash flow increased to SEK 53.3 million; full-year operative cash flow at SEK 136.8 million.

• Acquisition-related costs exceeded SEK 25 million for 2024, impacting EBIT and EPS.

• Net debt/EBITDA at year-end was 0.88; equity ratio at 48.9%; cash at year-end was SEK 44 million.

Outlook and guidance

• Well positioned for 2025 with a strong Nordic platform and expectations of improved EBITA, especially in Finland.

• Targeting 10% annual turnover growth and 12% average EBITDA margin over time.

• Focus on organic and acquisition-driven growth, margin improvement, and cost control.

• No major upturn expected in Q1 2025, but positive signs in key sectors.