Sjöstrand Coffee (SCC) Q4 2024 earnings summary

Executive summary

• Revenue grew 7.4% year-over-year to 33.4 MSEK, but net result turned negative at -997 TSEK compared to +676 TSEK in 2023.

• Strategic shift from distributor-dependent sales to own channels, with e-commerce up 206% and hotel segment up 110%.

• Gross margin improved from 42% to 52% year-over-year, despite lower Q4 sales.

• Investments in e-commerce, marketing, and in-house service impacted profitability but set foundation for future growth.

• No dividend proposed for 2024; company meets liquidity requirements for continued operations.

Financial highlights

• Full-year revenue: 33,427 TSEK (31,098 TSEK in 2023); Q4 revenue: 10,946 TSEK (12,974 TSEK in Q4 2023).

• Operating income: -846 TSEK (773 TSEK in 2023); Q4 operating income: -309 TSEK (886 TSEK in Q4 2023).

• Net income: -997 TSEK (676 TSEK in 2023); Q4 net income: -364 TSEK (880 TSEK in Q4 2023).

• EPS: -0.03 SEK (0.02 SEK in 2023); Q4 EPS: -0.01 SEK (0.03 SEK in Q4 2023).

• Cash at year-end: 3,084 TSEK (4,666 TSEK in 2023).

Outlook and guidance

• Focus for 2025 is on accelerating growth, especially in Europe, and expanding e-commerce and hotel channels.

• Plans to establish new partnerships and distributor networks to strengthen international presence.