Touchtech (TOUCH) Q4 2024 earnings summary

Executive summary

• Achieved a net profit of 7.8 MSEK for 2024, a 700% improvement year-over-year.

• Structural costs reduced by 9 MSEK, strengthening cash flow and financial stability.

• Active wholesale sellers and connected stores increased by 25% and 15% respectively year-over-year.

• Focused on deepening key customer relationships and integrating AI technologies.

• No significant events occurred during or after Q4 2024.

Financial highlights

• Full-year net revenue rose 5% to 23,428 TSEK compared to 2023.

• EBITDA for 2024 was 17,702 TSEK, up from 8,209 TSEK year-over-year.

• Pre-tax profit reached 7,859 TSEK, up from 947 TSEK in 2023.

• EPS increased to 0.71 SEK from 0.09 SEK year-over-year.

• Operating cash flow improved to 13,303 TSEK from 4,950 TSEK year-over-year.

Outlook and guidance

• Primary goal for 2025 is profitable growth in recurring revenues.

• Strategy includes expanding the customer base and enhancing sales tools for retail and wholesale.

• No specific revenue or earnings forecasts provided.