Q4 2024 Nilorngruppen AB Earnings Call Transcript
Key Points
- Sales increased by 14% to SEK232 million, with a 13% increase when adjusted for currency effects.
- Operating profit for the quarter rose significantly to SEK19.5 million from SEK9.2 million the previous year.
- The company successfully managed a cyberattack in Q3, strengthening its security measures.
- Nilorngruppen AB has a strong balance sheet with an equity of SEK350 million and an equity rate of 58.6%.
- The outdoor segment has recovered as predicted, showing strong performance post-COVID.
- Order income was down 7% in Q4, although it showed a 1% increase when adjusted for a previous packaging order.
- The luxury segment remains slow, with no immediate signs of recovery.
- The tax rate for the quarter was higher at 27.9% due to dividend payments from Bangladesh.
- The proposed dividend is lower than the company's goal, at 29% of net profit compared to the target of 60% to 90%.
- The operating margin, although improved, is still below the company's target of exceeding 10%.
Good morning, everybody, and welcome to the Nilörn Q2 -- Q4 presentation. I will share my screen, and I'm really happy to have so many on board, especially now as it is really intense reporting period. So a lot of reports released this week. I will go through the numbers as usual and then also little bit an update what's going on within Nilörn and the group and the market and so on.
Just looking at the Q4 and the order income was down 7%. But as most of you hopefully remember, we had a packaging order that came in in Q3 this year and Q4 last year. So if you adjust for that packaging order, it was actually an increase of 1% for the order income.
Sales was up to 14% to SEK232 million and adjusted for currency effect, it was almost the same, up 13%. Operating profit for the quarter is SEK19.5 million versus SEK9.2 million last year. And of course, volume matters here and we'll also see that later on in other slides that we will present.
Just looking in the quarter, December was strong. It was a strong month. And we
| 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
