Veteranpoolen (VPAB) Q4 2024 earnings summary

Executive summary

• Achieved 11% revenue growth in 2024, reaching 566 MSEK, with increased profit despite significant investments in future growth, especially in Sweden and Denmark.

• Growth in private customer services was strong, with "Help at Home" and Gardening categories both exceeding 20% growth; business services saw marginal but positive growth.

• Operating profit for the year was 54.4 MSEK, with a margin of 9.6%; net profit after tax was 44.3 MSEK.

• Board proposes a dividend of 2.25 SEK per share.

Financial highlights

• Full-year net revenue: 565.6 MSEK; Q4 net revenue: 131.8 MSEK.

• Operating profit (EBIT) for 2024: 54.4 MSEK (margin 9.6%); Q4 EBIT: 10.1 MSEK (margin 7.7%).

• Net profit after tax for 2024: 44.3 MSEK; Q4 net profit: 9.1 MSEK.

• Cash flow from operations after working capital changes: 51.6 MSEK for 2024; 14.2 MSEK in Q4.

• Earnings per share: 2.21 SEK for 2024; 0.45 SEK in Q4.

Outlook and guidance

• Ambition for higher growth remains, with continued focus on expanding both in Sweden and Denmark.

• Danish subsidiary Seniorstyrken is building its presence, with 1.7 MSEK in revenue from about 20 assignments in 2024 and higher ambitions for the future.