Arribatec Group ASA (OSL:ARR)
kr 0.55 -0.0040 (-0.72%) Market Cap: 266.00 Mil Enterprise Value: 221.38 Mil PE Ratio: 0 PB Ratio: 1.03 GF Score: 62/100
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Q4 2024 Arribatec Group ASA Earnings Call Transcript

Feb 28, 2025 / 08:00 AM GMT
Release Date Price: kr0.315 (+5.00%)

Key Points

Positve
  • Arribatec Group ASA (LTS:0M3T) achieved an all-time high revenue of 151 million Norwegian kroner in Q4, marking a 5.2% increase compared to the same quarter in the previous year.
  • The company successfully raised 41 million Norwegian kroner in gross proceeds from a share issue, resulting in a net cash position.
  • Sales for Q4 increased by 33% compared to the same quarter last year, marking the best quarter in the company's history.
  • Recurring revenue now accounts for 43% of total revenue, with a 17% increase in absolute terms compared to a year ago.
  • The company signed a total of 610 contracts in Q4, valued at 285 million Norwegian kroner, reflecting strong sales performance.
Negative
  • The company undertook a significant headcount reduction, eliminating 25 full-time equivalents and downsizing the corporate head office by approximately 70%.
  • Continental Europe, including Sweden, saw a 20% reduction in revenue compared to the previous year.
  • The company took an impairment of goodwill for hospitality, amounting to 22 million Norwegian kroner in Q4.
  • Cash flow from financing activities was negative, primarily due to lease payments and repayment of bank overdrafts.
  • The balance sheet showed a decrease in total assets from NOK501 million at the end of 2023 to NOK442 million at the end of 2024.


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

ARRA.OL - Arribatec Group ASA
Q4 2024 Arribatec Group ASA Earnings Call
Feb 28, 2025 / 08:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, everyone, and welcome to this 4th quarter presentation. We have had many things going on during the previous quarter and let's just dive in here.

First of all, we had an all-time high revenue of 151 million Norwegian kron in the fourth quarter.

That is 5.2% above, same quarter in previous year.

Our EIA-11.7 million, but that, as you can see, also includes 13.8 million knockoff one-time non-cash items.

Adjusted debit positive at 2.1 million, which compares to 1.8 million a year ago.

In, December, the shareholder meeting.

Resolved to raise cash in Q1 and we did that and Ariate actually raised 41 million in gross proceeds from that share issue, leaving the company in
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