UIE (UIE) Q4 2024 earnings summary

Executive summary

• UIE, a holding company listed on Nasdaq Copenhagen, invests in agro-industry, industrial, and technology sectors, with major holdings in United Plantations (UP), Schörling, and Greenbridge.

• 2024 saw solid operational performance across all portfolio companies despite mixed global market conditions and geopolitical tensions.

• Net profit for 2024 was USD 75.6 million, down from USD 120.6 million in 2023, mainly due to a negative fair value adjustment in Schörling from SEK depreciation.

• UP achieved a record net profit, while Schörling and Greenbridge showed mixed fair value developments.

• Sustainability and responsible business practices remain central to UIE’s strategy, with enhanced CSRD-aligned reporting.

Financial highlights

• Net profit for 2024: USD 75.6 million (down 37% year-over-year).

• Revenue: USD 486.2 million (up 11% from 2023).

• Earnings per share: USD 2.37 (down from USD 3.75 in 2023).

• Shareholders’ equity: USD 682.9 million at year-end 2024.

• Dividend per share for 2024: USD 1.69 (including interim and proposed final dividend).

• UIE share price increased 62% in 2024, outperforming the Nasdaq Copenhagen Mid Cap Index.

Outlook and guidance

• UIE anticipates higher net profit in 2025, supported by a positive fair value adjustment in Schörling and expected satisfactory performance from UP.

• UP expects to maintain strong performance despite ongoing geopolitical and economic uncertainties, focusing on cost efficiencies and yield improvements.

• Greenbridge is expected to deliver a positive fair value adjustment, though valuations remain subject to market volatility.