Q4 2024 Indutrade AB Earnings Call Transcript
Key Points
- Indutrade AB (FRA:I1M) reported a successful 2024 with solid financial performance, achieving a 2% growth in orders and net sales.
- The company maintained a strong EBITA margin of 14.6%, with acquisitions contributing positively to the margin.
- Indutrade AB completed 16 acquisitions in 2024, with a total annual turnover of SEK1.6 billion, enhancing its strategic platform.
- The company achieved a record-high operational cash flow of SEK1.6 billion in Q4, indicating strong financial health.
- Indutrade AB's climate targets were validated by the Science Based Target initiative, showcasing its commitment to sustainability.
- Organic order intake decreased by 5% in Q4, primarily due to a large order in the previous year, affecting comparisons.
- The Infrastructure & Construction segment continued to face a generally weaker demand environment.
- The EBITA margin for the full year decreased to 14.4% from 15% last year, partly due to higher expenses linked to inflation and growth initiatives.
- The company experienced a decline in earnings per share by 4% on a full-year basis.
- The Industrial & Engineering segment faced challenges with organic sales decline and higher costs, impacting profitability.
Welcome to the Indutrade Q4 presentation for 2024. (Operator Instructions)
Now, I will hand the conference over to CEO, Bo Annvik; and CFO, Patrik Johnson. Please go ahead.
Welcome, and good morning on our behalf as well. Let's start with a summary of the 2024.
We had a successful 2024 with solid financial performance and we were able to strengthen our strategic platform, paving the way for continued sustainable, profitable growth going forward. Our diversified structure is providing resilience in a weaker general business climate. Stable demand situation with plus 2% total growth in orders and net sales, respectively.
Our EBITA margin is or came in above target and we had a strong cash flow. 16 well-managed and profitable companies were acquired during the year with a total annual turnover of SEK1.6 billion. And we had our climate targets validated by the Science Based Target initiative. And the Board proposes a dividend of SEK3.00 per share, which is a bit
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