Quant (QUANT) Q4 2024 earnings summary

Executive summary

• Net sales for Q4 2024 decreased to EUR 36.6 million, down 17.9% organically year-over-year, mainly due to lost contracts in Americas and Europe & Middle East, partially offset by new contracts and upselling.

• Operating profit for Q4 was EUR -2.5 million, compared to EUR -1.0 million last year; full-year operating profit was EUR 2.0 million, up from EUR 1.7 million.

• Group net loss for Q4 was EUR -9.4 million (vs. EUR -4.0 million prior year); full-year net loss was EUR -14.5 million (vs. EUR -9.1 million prior year).

• Recapitalisation transaction completed in January 2025, strengthening the debt capital structure and enabling a platform for stable growth.

Financial highlights

• Q4 Adjusted EBITDA (excluding IFRS 16) was EUR -1.6 million (vs. EUR 0.2 million prior year); full-year Adjusted EBITDA was EUR 7.7 million (vs. EUR 8.9 million prior year).

• Cash flow from operating activities in Q4 was EUR -2.2 million (vs. EUR 4.6 million prior year); full-year cash flow from operating activities was EUR -6.2 million (vs. EUR 1.5 million prior year).

• Net debt at year-end was EUR 85.9 million, up from EUR 76.1 million; net debt/Adjusted EBITDA increased to 11.2x from 8.5x.

• Gross profit for Q4 was EUR 2.3 million (vs. EUR 4.1 million prior year); full-year gross profit was EUR 21.9 million (vs. EUR 22.5 million prior year).

Outlook and guidance

• 2025 revenue projected between EUR 130–150 million, with EBITDA expected between EUR 4–6 million and cash generation of EUR 0.5–2.0 million, depending on working capital.

• Focus for 2025 is on growth and increasing order intake, which may impact profitability and cash flow.