Sonda (SONDA) Q4 2024 earnings summary

Executive summary

• Celebrated 50 years with significant milestones in mobility, data center, and smart safety projects.

• Revenues for 2024 reached US$1,548 million, up 18.6% year-over-year, with strong performance in Mexico, Colombia, Southern Cone, and Brazil.

• Achieved double-digit growth in revenues and EBITDA for 2024.

• Maintained leadership in Dow Jones Sustainability Indices for the 8th consecutive year.

• The business pipeline remains robust at US$5.3 billion, with significant new contracts across all regions.

Financial highlights

• Consolidated revenues reached US$1,548 million, up 18.6% year-over-year.

• EBITDA totaled US$144 million, a 14.6% increase compared to 2023, with an EBITDA margin of 9.3%.

• Gross profit was US$226 million, up 11.0% year-over-year.

• Operating income reached US$91 million, up 12.1% year-over-year.

• Net income was US$32 million, down 16.4% year-over-year, mainly due to non-recurring 2023 gains and higher financial costs.

Outlook and guidance

• IT market in Latin America expected to grow at a 9.5% CAGR from 2025 to 2028.

• Strategic Plan 2025-2027 aims to deepen vertical specialization, expand in Brazil and Mexico, and optimize margins.

• Anticipates continued growth in IT spending to support business ambitions.

• Fitch and ICR reaffirmed AA- ratings with a stable outlook in 2024.

• The company maintains a healthy financial position, with liquidity and leverage ratios supporting future growth.