Seamless Distribution Systems (SDS) Q4 2024 earnings summary

Executive summary

• Q4 2024 saw a return to net profit, with strong teamwork and 9 MUSD in new orders, exceeding the three-year plan by nearly 1 MUSD.

• Full-year core business revenue grew 5.6% to SEK 219.9m, while group revenue fell 14.5% due to SDD closure.

• EBITDA for the year rose 17.9% to SEK 73.1m, with margin improvement to 32.3%.

• Strategic focus on cost efficiency, new market entries, and strengthened sales team positions the company for further growth.

Financial highlights

• Q4 net sales: SEK 57.2m (down 2.1% YoY); core SDS sales up 11.8% to SEK 56.8m.

• Q4 EBITDA: SEK 16.8m (+4.4% YoY); margin 29.5% (27.5%).

• Q4 net profit: SEK 0.4m (vs. -3.0m YoY); EPS: SEK 0.02 (vs. -0.20).

• FY net sales: SEK 226.4m (down 14.5% YoY); core SDS sales up 5.5% to SEK 219.9m.

• FY EBITDA: SEK 73.1m (+17.9% YoY); margin 32.3% (23.4%). Net loss after tax: SEK -11.8m (vs. -16.0m).

Outlook and guidance

• Entering 2025 with USD 2.8m order book and a goal to surpass 2024 new sales.

• Cost structure improvements, lower interest and depreciation expected to boost profit by SEK 20m in 2025.

• Strong sales pipeline and expanded sales team support growth ambitions.