Tekova (TEKOVA) Q4 2024 earnings summary

Executive summary

• Revenue grew 17.1% year-over-year to €65.5M in 2024, with EBIT up 71% to €6.0M and net profit doubling to €5.0M.

• Order backlog increased 70% to €70M, with strong project delivery and all 8 projects completed on time and without defects.

• Customer satisfaction reached an NPS of 100, and the company listed on First North Growth Market Finland in December 2024.

Financial highlights

• Q4 2024 revenue rose 45.5% year-over-year to €21.5M; EBIT margin was 9.4% (down from 11.5%).

• Full-year EBIT margin improved to 9.1% (from 6.2%), and net margin to 7.6% (from 4.5%).

• EPS for 2024 was €0.118 (vs. €0.061 in 2023); Q4 EPS was €0.045.

• Cash position at year-end was €14.9M, with no interest-bearing debt.

• Operating cash flow for 2024 was €5.9M, down from €10.7M in 2023.

Outlook and guidance

• 2025 revenue guidance: €70–90M; EBIT guidance: €5.5–7.5M, based on strong backlog and ongoing negotiations.