SECITS (SECI) Q4 2024 earnings summary

Executive summary

• Revenue for Q4 2024 was 19,887 KSEK, down from 28,151 KSEK year-over-year, reflecting restructuring and reduced B2C sales force.

• EBITDA for Q4 2024 was -7,089 KSEK, compared to -6,707 KSEK in Q4 2023.

• The company initiated restructuring for two subsidiaries and placed another in bankruptcy during the quarter.

• Cost reductions of 7.8 MSEK were achieved compared to the same period last year.

• Operational improvements and efficiency measures have stabilized liquidity and are expected to support future growth.

Financial highlights

• Full-year 2024 revenue was 97,469 KSEK, down from 122,111 KSEK in 2023.

• Full-year EBITDA was -10,043 KSEK, compared to -7,903 KSEK in 2023.

• Cash flow from operations before working capital changes was -9,971 KSEK in Q4 2024, versus -7,395 KSEK in Q4 2023.

• Net result per share for Q4 2024 was -0.04 SEK, improved from -0.21 SEK in Q4 2023.

• Equity at year-end was 7,741 KSEK, down from 33,456 KSEK at the end of 2023.

Outlook and guidance

• Restructuring plans are expected to secure a sustainable and positive future for the group.

• Cost-saving measures and operational efficiencies are anticipated to continue yielding positive effects in 2025.

• After restructuring, increased customer interest and sales are expected to drive improved results.