Slide 1: Hello Investors - Year-end Report 2024
Hello Investors Year-end Report 2024 ” Historic high turnover for both the full year and the final quarter of the year.
Slide 2: Agenda
Agenda Prevas Year-end Report 2024 1. Introduction 2. Financial performance 3. Market update 4. Q&A 2 Year-end Report 2024
Slide 3: Summary 2024
7% Summary 2024 GROWTH IN TURNOVER 2024 • Prevas is delivering a strong 2024 in our industry, in a challenging market • 7% growth (1 587 MSEK), 9.4% EBITA (149 MSEK) and 137 MSEK cashflow • Decentralized strategy & operational model is key 9.4% • Prevas deliver on our long-term plan to be a Nordic p
Slide 4: Summary Q4
8.2% Summary Q4 GROWTH IN TURNOVER Fourth quarter • Turnover: 432.0 MSEK (399.3) - Highest turnover ever, growth driven by acquisitions • Profit level in line with Q3, lower than 2023 7.5% – EBITA 32.6 MSEK (45.0) EBITA MARGIN – EBITA margin 7.5% (11.3) Forth quarter – Finland from negative to posit
Slide 5: Prevas delivers in a challenging market
Prevas delivers in a challenging market Q4 Q1-4 2024 2023 Change 2024 2023 Change Turnover (MSEK) 432 399 +8.2% 1 587 1 483 +7.0% EBITA (MSEK) 32.6 45.0 -27.6% 148.9 172.3 -13.6% EBITA Margin 7.5% 11.3% 9.4% 11.6% EBIT (MSEK) 28.7 42.4 -32.2% 122.6 162.4 -24.5% EBIT Margin 6.6% 10.6% 7.7% 11.0% Prof
Slide 6: Long-term Value Creation
Long-term Value Creation Turnover and EBITA development, yearly 1800 1600 1400 1200 MSEK 1000 800 600 400 200 0 2017 2018 2019 2020 2021 2022 2023 2024 6 Year-end Interim Report report 2024 Jan – Mar 2024
Slide 7: Financial Position Q4
Financial Position Q4 • Strong cashflow • Low net debt • Strong balance sheet & solid financial situation Cash Flow Highlights Financial Position Q4 Q4 Q1-4 Q1-4 Q4 Q4 MSEK MSEK 2024 2023 2024 2023 2024 2023 Cash flow from operating activities 53 41 137 164 Net debt excl rights-of-use assets 168 -65
Slide 8: Update Finland
Update Finland • Focus on building the Nordic platform and a common plan for growth Prevas Oy • Integration according to plan • From negative to positive EBITA in Q4 - sales focus & mitigation actions gives results • Positive signs on a weak market • Several orders signed - defense (30 MSEK), piping
Slide 9: General Market Update
General Market Update • Similar market demand as in Q3 2024 Industry breakdown, 2024 • The competition on consultancy assignments remains high in some areas • High demand in defense, energy and cyber security • Prevas rapidly adapt to the market, shows significant growth in defense and energy • Pos
Slide 10: Long term customer relations
Long term customer The 5 largest customers, 2020-2024 relations • Prevas strategy is to build long term customer relationships • Strong growth over time from existing customers that returns year by year Development • The top five customers shows a CAGR of 18% for the 400 past five years 300 • Severa
Slide 11: Summary
Summary • Strong development in a challenging 2024 • Prevas delivers on our long-term plan to be a Nordic premium design & development house • Platform acquisition in Finland & niche acquisition in Denmark – integrations in line with plan • Finland from negative to positive EBITA • Solid financial p
Slide 12: Questions are Welcome
Questions ! are Welcome
Slide 13: About Prevas
About Prevas Prevas is an innovative development hub with focus on product and production development, with ingenuity at its core. With high technical expertise and deep business Prevas AB understanding, we help customers from a wide variety of Org. nr. 556252-1384 industries to benefit through cont