Rias (RIAS) Q4 23/24 earnings summary

Executive summary

• Achieved exceptional performance in 2023/24, surpassing prior year despite market downturns in Germany and Sweden, with strong resilience and team commitment driving results.

• Exceeded key financial targets, with the processing division delivering its strongest result to date and the building division performing well amid increased customer demands.

• Continued focus on sustainability, digitalization, and organizational development, including new leadership in Sweden and expansion of e-commerce and RIPRO division.

Financial highlights

• Revenue increased to DKK 319.1 million, up from DKK 313.1 million year-over-year.

• EBIT before special items rose to DKK 18.5 million from DKK 16.9 million; net profit for the year was DKK 13.6 million, up from DKK 12.5 million.

• Gross margin remained stable at 33%; EBIT margin before special items improved to 6%.

• Cash flow from operating activities decreased to DKK 15.8 million from DKK 26.9 million, mainly due to changes in receivables.

• Proposed dividend maintained at DKK 37 per DKK 100 share.

Outlook and guidance

• 2024/25 turnover expected in the range of DKK 310–330 million, with EBIT forecasted at DKK 16–18 million.

• Revenue projected to grow by 15.3% from 2024/25 to 2026/27, driven by strategic investments and increasing EBIT.