Full Year 2024 Svitzer Group A/S Earnings Call Transcript

Author's Avatar
Mar 05, 2025

Mar 05, 2025 / 09:00AM GMT
Kasper Nilaus - Svitzer Group A/S-Chief Executive Officer

Welcome, everyone, to our webcast presentation for our annual quarter 2024. Today, I will say a few words. And then I will hand it over to Knud Winkler, the CFO of Svitzer and then in the end host a Q&A session. So an opportunity to ask questions. So I think we should just dive into it.

So in general, 2024 was a good year for Svitzer. We achieved a revenue growth of 9% in constant exchange rate and increased our EBITDA margin to 29.9%. So really positive. We also had a positive development in free cash flow and are proposing a dividend payment of DKK8 per share. Overall, it was a very busy year for Svitzer.

As you know, we had a demerger from Maersk and a separate listing. And on top of that, we also implemented a number of new contracts. So we started up operations in new operations in Greece, in Brazil and in Australia. So big contracts coming on stream.

We took delivery of our first TRAnsverse tug. It's a new tug design that we put into operations in the Netherlands, and I'll have

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot