Softronic (SOF) Q4 2024 earnings summary

Executive summary

• Revenue for 2024 increased slightly to 842.4 MSEK from 837.5 MSEK, with organic growth of 0.6%.

• Operating margin was 11.9% (12.5%), and profit before tax was 102.9 MSEK (106.8 MSEK).

• Q4 saw lower revenue and profit compared to the previous year, mainly due to investments in new customer projects.

• Cash flow from operations improved to 114.4 MSEK (56.2 MSEK), and the board proposes a dividend of 1.35 SEK per share.

• Softronic maintained strong financial stability with a solid equity ratio of 66% and total liquidity of 158 MSEK.

Financial highlights

• Q4 revenue: 212.1 MSEK (218.2 MSEK); EBITDA: 32.1 MSEK (37.1 MSEK); profit before tax: 28.8 MSEK (34.9 MSEK).

• Full-year EBITDA: 114.6 MSEK (118.5 MSEK); net profit after tax: 82.3 MSEK (84.0 MSEK).

• Earnings per share for 2024: 1.56 SEK (1.60 SEK); Q4 EPS: 0.46 SEK (0.52 SEK).

• Cash flow from operations per share: 2.17 SEK (1.07 SEK).

• Dividend proposal: 1.35 SEK per share, total 71.1 MSEK.

Outlook and guidance

• Softronic expects continued stable performance, supported by strong liquidity and no debt.

• Investments in new customer projects and cloud transformation are expected to drive future growth.

• The board's dividend proposal exceeds the normal policy, justified by high liquidity and growth capacity.