Q4 2024 Alligo AB Earnings Call Transcript
Key Points
- Alligo AB (LTS:0RTK) completed the acquisition of Batterilagret, the largest acquisition since the company's formation, enhancing its battery segment offerings.
- The company successfully signed nine acquisitions in 2024, adding approximately SEK750 million in turnover, which is expected to strengthen its market position.
- Alligo AB (LTS:0RTK) reported a 2% increase in revenue for Q4 2024, driven by acquisitions, despite a challenging market environment.
- The company has made significant progress in sustainability, with 77% of suppliers meeting its standards, up from 67% the previous year.
- Alligo AB (LTS:0RTK) has stabilized its new central warehouse in Norway and successfully implemented a new ERP system, enhancing operational efficiency.
- The company experienced a negative organic growth of minus-3% in Q4 2024, with weaker sales in Sweden and Finland.
- EBITDA declined to SEK214 million from SEK308 million the previous year, with a reduced EBITDA margin of 8.3% due to lower supplier bonuses and adverse mix effects.
- The construction and manufacturing industries, key segments for Alligo AB (LTS:0RTK), faced a weak market throughout 2024, impacting overall performance.
- Net debt increased to SEK1.6 billion, with a higher leverage ratio of 2.4% due to acquisitions and decreased operating cash flow.
- The company's dividend for 2024 was reduced to SEK2 per share, reflecting a cautious approach to preserve resources for future acquisitions.
Welcome to Alligo Q4 report 2024, and let this mark the end of this crappy year. Look at this beautiful picture of a stock, a number of stock batteries, which is a little hint of what we're going to talk about in a few minutes. That is our Batterilagret acquisition. Present this today as always, Irene Wisenborn Bellander, our brilliant CFO and myself.
Some highlights, we have included less and less pictures, slides describing the legal group, and now it's only this one left because we think you slowly but surely are learning more and more about the group. There were not many slides presenting the Alligo group as such, but, here we are, called in Sweden, tools in Norway and Finland mainly, and a number of, subsidiaries in different businesses. We will come back to that later on. So some 220 stores throughout the Nordic countries.
So highlights, continued weak market, as I said, a crappy year. We did a very, very good, 2023, potentially looking in high sight a little bit too good, considering that the market had already
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