Q4 2024 Sdiptech AB (publ) Earnings Call Transcript
Key Points
- Sdiptech AB (LTS:0AAV) reported a 13% increase in sales and a 10% increase in profit for 2024, despite tough comparisons from a strong 2023.
- The company achieved a record high cash flow of SEK823 million, with a cash conversion rate of 83%, indicating strong operational efficiency.
- Sdiptech AB (LTS:0AAV) made five high-quality acquisitions in 2024, adding approximately SEK110 million in run rate EBITDA, which is expected to contribute positively in 2025.
- The company successfully reduced its CO2 intensity by 10% in 2024, contributing to a total reduction of 24% since 2021, aligning with its sustainability goals.
- The adjusted EBITDA margin remained stable at 19.6%, consistent with the company's target range of 19% to 20%.
- Organic growth was modest, with a 3% increase in revenue but a 2% decrease in profit, particularly impacted by an 8% decline in the second half of the year.
- Some business units exposed to the construction sector experienced weaker performance, affecting overall results.
- The company faced one-off costs related to specific construction projects, which negatively impacted group-level financials.
- Debt leverage increased due to acquisitions, with financial net debt and net debt measures rising to 2.25 and 3.30, respectively.
- Interest rates have increased, slightly impacting profit after tax and earnings per share for the full year.
()- -
Thank you and welcome to our webcast regarding the year-end report for 2024 as well as the fourth quarter. We will start with some highlights from the year and the quarter and then walk through some KPIs and a little bit about our acquisition. Activities and then finally present some of the new organization that's in place from January 1 and wrap it up with some highlights for an outlook for the future.
So, as a summary of 2024, we are happy to have increased both sales and our profits, our adjusted EBITDA. We had a very good year in 2023, so there were tough comparisons, especially in the second half of the year.
So, we're happy with having a 13% sales increase and 10% on the profit. Also, considering that a number of other acquisitions were made in the last quarter in Q4 and so we didn't get so much Revenue or income from those acquisitions, but they are rolling in now during 2025.
And the organic growth. On the revenue side was 3%, the profit side and negative 2
| 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... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
