Year-End Report 2024
STRONG FINANCIAL RECOVERY AND SOLID GROWTH OF RECURRING REVENUES
The fourth quarter 2024
- Net sales totalled MSEK 20,1 (16,5), a change of MSEK +3,6 / +22 %
- EBITDA was MSEK 3,2 (1,3), a change of MSEK +1,9
- EBIT was MSEK 0,7 (-1,7), a change of MSEK +2,4
- Net earnings were MSEK 0,2 (-8,7), a change of MSEK +8,9
- Net earnings per share amounted to SEK 0,001 (-0,15), a change of SEK +0,15
- RCRR** amounted to MSEK 159 (150), a change of MSEK +9,0
- 58% (59) recurring revenue share
Adjusted *
- EBITDA was MSEK 3,2 (1,3), a change of MSEK +1,9
- EBIT was MSEK -0,6 (-1,7), a change of MSEK +1,1
- Net earnings were MSEK -1,0 (2,1), a change of MSEK -3,1
- Net earnings per share amounted to SEK -0,01 (-0,04), a change of SEK -0,05
The full year 2024
- Net sales totalled MSEK 67,6 (59,7), a change of MSEK 7,9 / 13%
- EBITDA was MSEK 5,9 (-8,9), a change of MSEK +14,7
- EBIT was MSEK -3,6 (-19,7), a change of MSEK +16,1
- Net earnings were MSEK -6,2 (-27,6), a change of MSEK +21,4
- Net earnings per share amounted to SEK -0,08 (-0,56), a change of SEK +0,48
- RCRR** amounted to MSEK 159 (150), a change of MSEK +9,0
- 63% (62) recurring revenue share
Adjusted *
- EBITDA was MSEK 7,4 (-6,2), a change of MSEK +13,5
- EBIT was MSEK -6,3 (-17,1), a change of MSEK +10,8
- Net earnings were MSEK -8,9 (-18,3), a change of MSEK +9,4
- Net earnings per share amounted to SEK -0,12 (-0,37), a change of SEK +0,25
Key figures
| kSEK unless otherwise stated | Oct-Dec 2024 | Oct-Dec 2023 | Jan-Dec 2024 | Jan-Dec 2023 |
| Net sales, kSEK | 20 068 | 16 457 | 67 609 | 59 743 |
| EBITDA, kSEK | 3 199 | 1 307 | 5 864 | -8 851 |
| Adjusted EBITDA, kSEK * | 3 199 | 1 307 | 7 356 | -6 210 |
| EBIT, k SEK | 669 | -1 675 | -3 570 | -19 709 |
| Adjusted EBIT, kSEK * | -603 | -1 675 | -6 341 | -17 067 |
| Net earnings, kSEK | 242 | -8 706 | -6 160 | -27 594 |
| Adjusted net earnings, kSEK * | -1 031 | -2 073 | -8 931 | -18 319 |
| Net earnings per share, SEK | 0,00 | -0,15 | -0,08 | -0,56 |
| Adjusted net earnings per share, kSEK * | -0,01 | -0,04 | -0,12 | -0,37 |
Events during the quarter
- Westpay continued to expand its reach and footprint on the Nordic Food & Beverage market by partnering with Caspeco, a leading supplier of business systems for the hospitality and experience industries.
Events after the end of the quarter
- The Board of Directors has decided to move the Annual General Meeting forward from May to March. This measure aims to increase transparency and facilitate a faster dialogue regarding results and future plans, thereby strengthening confidence among shareholders, investors, and other stakeholders. An earlier meeting also enables more efficient decision-making processes, which in turn contribute to the company's long-term value creation.