Netel Holding AB: Strong finish for Power and increased order backlog

Fourth quarter

Fourth quarter
Continuing operations*
Net sales increased 1.5 per cent to MSEK 957 (943), of which organic growth was 1.5 per cent
Adjusted EBITA amounted to MSEK 57 (66), with an adjusted EBITA margin of 6.0 per cent (6.9)
EBITA amounted to MSEK 58 (61), with an EBITA margin of 6.0 per cent (6.5)
Operating profit (EBIT) amounted to MSEK 56 (60), with an operating margin of 5.9 per cent (6.4)
Profit for the period amounted to MSEK 39 (39).
Earnings per share for continuing operations before and after dilution amounted to SEK 0.81 (0.81)
Earnings per share including discontinuing operations before and after dilution amounted to SEK -1.19 (0.75)
Cash flow from operating activities amounted to MSEK 71 (211)

January-December
Continuing operations*
Net sales increased 3.1 per cent to MSEK 3,284 (3,186) with organic growth of 2.9 per cent
Adjusted EBITA amounted to MSEK 169 (181), with an adjusted EBITA margin of 5.2 per cent (5.7)
EBITA amounted to MSEK 152 (169) with an EBITA margin of 4.6 per cent (5.3)
Operating profit (EBIT) amounted to MSEK 145 (164) with an operating margin of 4.4 per cent (5.2)
Profit for the period amounted to MSEK 58 (82)
Earnings per share for continuing operations before and after dilution amounted to SEK 1.20 (1.69)
Earnings per share including discontinuing operations before and after dilution amounted to SEK -0.96 (0.91)
Cash flow from operating activities MSEK 115 (268)
Net debt increased to MSEK 745 (610) and net debt/adjusted EBITDA amounted to 3.2 (2.4)
The order backlog increased to MSEK 4,023 (3,397)
The Board proposes to the Annual General Meeting that no dividend be paid to shareholders for the 2024 financial year to further strengthen Netel's financial position.

* Continuing operations refer to the Group excluding the Finnish operations.

Significant events during the fourth quarter
Agreement signed for next phase of the City Line in Örebro.
Framework agreement signed with Vattenfall Eldistribution covering new geographical area.
Contract signed with German UGG for fibre networks worth about MEUR 15.
New framework agreement signed with Elvia in Norway for design and installation of new control systems worth about MNOK 320.
Climate targets validated by the Science Based Targets Initiative (SBTi).

Important events after the end of the year
Decision announced to sell Finnish operations. In this financial report, the Group excluding the Finnish operations is reported as continuing operations and the operations in Finland as operations held for sale.
New framework agreement with Norrköping Municipality for installation and maintenance of road lighting.

Webcast presentation and teleconference
Jeanette Reuterskiöld, President and CEO, and Fredrik Helenius, CFO, will present the interim report on Friday, 7 February at 9:00 a.m. (CET) in a webcast. Questions may be asked both online and by phone. Presentation material is also available at https://netelgroup.com/en/investors/reports-and-presentations/. The presentation will be held in English.

If you want to participate through the webcast, use the link https://netel-group.events.inderes.com/q4-report-2024. It will be possible to submit written questions during the webcast. If you want to ask questions orally via teleconference, please register through the link https://conference.inderes.com/teleconference/?id=5008493. After registration, you will receive a telephone number and ID to log in to the conference. It will be possible to ask questions orally during the teleconference.

Interim reports on www.netelgroup.com
The complete interim report and previous reports are available on https://netelgroup.com/en/investors/reports-and-presentations/.

Next report
The first quarter report 2025 will be published 25 April 2025, 07:30 a.m. CEST.

Contacts

Jeanette Reuterskiöld, President and CEO, [phone], [e-mail]
Fredrik Helenius, CFO, [phone], [e-mail]
Åse Lindskog, IR, [phone], [e-mail]

This information is information that Netel Holding AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2025-02-07 07:30 CET.