Siljansvik (SIVI) Q4 2024 earnings summary

Executive summary

• 2024 marked a transformative year with a strategic partnership: Nordion Energi acquired 51% of Denevis AB, encompassing electricity, fiber, and infraservice operations, boosting financial stability and growth prospects.

• The Nordion deal generated a direct positive cash flow of SEK 1,547 million and a total result impact of SEK 2,474 million, including a non-cash revaluation.

• Elnäts, fibernäts, and infraservice operations were divested as of December 19, 2024, and are no longer part of the group at year-end.

• Board proposes doubling the dividend and launching a voluntary redemption program, allowing shareholders to redeem up to 50% of shares at SEK 135 per share.

Financial highlights

• Net sales rose to SEK 430,726 thousand (373,997), up 15% year-over-year.

• Operating income surged to SEK 2,576,056 thousand (107,079), driven by the Nordion transaction.

• Net income after tax reached SEK 2,551,305 thousand (83,066), reflecting extraordinary items.

• Cash flow from operations was SEK 1,681,000 thousand, with year-end cash at SEK 1,566,560 thousand.

• Proposed dividend of SEK 2.30 per share (1.15), totaling SEK 56,975 thousand.

Outlook and guidance

• Focus in 2025 will be on executing the new group structure and ensuring a smooth transition.

• Strategic work underway to position Dala Energi for long-term growth and value creation.