Stockholm, 15 January 2025 | Today, Safello Group AB ("Safello") publishes a reversed profit warning after a preliminary positive EBITDA for Q4 2024 of SEK 7.6 million, representing an increase of SEK 7.5 million compared to Q4 2023 and SEK 8.0 million compared to Q3 2024 respectively, and a preliminary operating profit of SEK 7.1 million, representing an increase of SEK 4.7 million compared to Q4 2023 and SEK 8.0 million compared to Q3 2024 respectively.
The company chooses to publish this preliminary result due to this strong increase in EBITDA and operating profit during the fourth quarter of 2024.
The background to the increase in earnings during the fourth quarter of 2024 is mainly increased income attributable to an increased number of orders and volume, as well as the strong price development of Bitcoin and other crypto-assets. The fourth quarter has historically been one of the stronger quarters on an annual basis affected by seasonality. The company's results are also strongly linked to the current market situation for crypto-assets, which will continue to apply and may lead to fluctuations in the company's results between quarters, in addition to seasonal variations.
The net turnover during the fourth quarter of 2024 amounted to approximately SEK 241.3 million, corresponding to an increase of 40 percent compared to Q4 2023 and 68 percent compared to Q3 2024 respectively.
The company's year-end report will be published on February 21, 2025, as previously communicated
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This information is such that Safello Group AB is required to disclose in accordance with the EU Market Abuse Regulation. The information was provided by the contact person below, for publication at 12.10 CET on 15 January 2025.
For more information, please contact
Viktoria Berglund Blohmé, Head of Finance, ir@safello.com
Certified Adviser
Amudova AB is Safello's certified adviser.
Safello is the leading cryptocurrency exchange in the Nordics, with over 395,000 users. The company is empowering financial independence by making crypto accessible to everyone. Safello offers a secure way to buy, sell and store crypto in seamless transactions at industry-leading speeds. Operating in Sweden, Safello has been registered as a financial institution with Finansinspektionen (Swedish Financial Supervisory Authority) since 2013 and is listed at Nasdaq First North Growth Market since 2021. For more information visit www.safello.com.
