Tura Group (TURA) Q4 2024 earnings summary

Executive summary

• Q4 2024 net sales rose 8% year-over-year to 235.5 MSEK, with EBITDA margin improving to 7.7% from 4.2%.

• Full-year 2024 net sales declined 3.3% to 825.6 MSEK, with EBITDA margin at 3.9% (down from 4.9%).

• Q4 benefited from recovery after a 2023 cyberattack, with improved gross margin and cost control.

• Board proposes a dividend of 0.10 SEK per share, representing 63% of net profit.

• Significant acquisitions include Inspirera & Co AB (Swedish Posture) and the Nordic Entertainment Division from Exertis CapTech AB, expected to boost annual sales by over 20%.

Financial highlights

• Q4 net sales: 235.5 MSEK (218.1 MSEK), gross margin: 22.2% (21.2%), EBITDA: 18.1 MSEK (9.1 MSEK).

• Full-year net sales: 825.6 MSEK (853.8 MSEK), gross margin: 19.0% (20.0%), EBITDA: 31.8 MSEK (42.0 MSEK).

• Q4 net income: 11.0 MSEK (2.0 MSEK), EPS: 0.22 SEK (0.04 SEK).

• Full-year net income: 7.8 MSEK (14.5 MSEK), EPS: 0.16 SEK (0.29 SEK).

• Operating cash flow for 2024: 11.4 MSEK (68.3 MSEK); cash and equivalents at year-end: 20.2 MSEK (43.5 MSEK).

Outlook and guidance

• Targeting 10–15% annual growth, both organically and via acquisitions.

• Aims for an average EBITDA margin of ~8% through scale, automation, and product mix.

• Recent acquisitions expected to increase annual sales by over 20%.