Q4 2024 Mips AB Earnings Call Transcript

Feb 6, 2025 / 09:00 AM GMT

Release Date Price: €49.02 (+4.83%)

Transcript

Key Points

Positve

Mips AB (MPZAF) reported a strong quarter with 58% growth in net sales and 52% organic growth.
The company achieved a gross margin of 72.9%, up from 70.2% last year, indicating improved profitability.
Mips AB (MPZAF) saw significant market share gains across all categories, particularly in sports and safety.
The board proposed a dividend increase to 6.5 per share, reflecting confidence in financial performance.
The company is on track with its sustainability goals, achieving a 43% reduction in emissions towards its 2030 target.

Negative

The consumer market remains challenging with erratic buying behavior, impacting short-term sales predictability.
Mips AB (MPZAF) delayed its net sales target from 2027 to 2029 due to slower-than-expected market recovery.
Despite strong growth, the company is still lagging behind its EBIT margin target of 50%.
Market conditions remain challenging due to weaker consumer sentiment and geopolitical uncertainties.
The winter season has been erratic, potentially affecting sales in the snow category.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

MIPS.ST - MIPS AB
Q4 2024 Mips AB Earnings Call
Feb 06, 2025 / 09:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, everyone. My name is Max Chavitz, and I am the CEO of MIPs.

And with me today, I also have the MIPS CFO Ken Rosenthal, and we will talk you through the presentation of the year and report. And if we start with the key highlights of the quarter, it was another strong quarter with 58% growth in net sales.

Organic growth in the quarter was 52%. Year-to-date we have now delivered 35% organic growth. We see good development in all our categories and all the regions. We see that the consumer market remains challenging and buying behavior is still erratic, but positive trends in the recent US retail data. We see that the important US market has now on a total helmet level started to grow again, which we are really happy to see after

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