Slide 1: Results presentation Q4 and full year 2024
Results presentation Q4 and full year 2024
Slide 2: Q4 and full year 2024 in summary
Q4 and full year 2024 in summary Record year with strong growth and strengthened market position Strong profitability measures in Q4 and full year 2024: In Q4, EBITDA increased 11.2%, EBITA increased 9.6% & EBIT increased 15.7% In 2024, EBITDA increased 10.8%, EBITA increased 12.6% & EBIT in
Slide 3: Q4 Overview
Q4 Overview Q4 Net sales amounted to 1 631 MSEK (1 479), an Net Sales increase of 10.3% MSEK 1 631 Gross margin amounted to 77.2% (76.6) Q4 Gross margin 77.2% Organic growth was 10.1% and growth like-for-like was 6.1% Q4 Organic growth +10.1% EBITDA increased to 387 MSEK (348), an increase o
Slide 4: 2024 Overview
2024 Overview 2024 Net sales amounted to 6 435 MSEK (5 905), an Net Sales increase of 9.0% MSEK 6 435 Gross margin amounted to 75.3% (75.5) 2024 Gross margin 75.3% Organic growth was 9.2% and growth like-for-like was 6.1% 2024 Organic growth +9.2% EBITDA increased to 1 595 MSEK (1 440), an i
Slide 5: Growth and increased profitability in all segments 2024
Growth and increased profitability in all segments 2024 Organic growth Q4 Like for like Q4 EBITDA Q4 +8.8% +5.9% 259 MSEK (252) 1 Organic growth FY Like for like FY EBITDA FY SWEDEN +8.3% +5.9% 980 MSEK (895) 2 Organic growth Q4 +3.5% Like for like Q4 +2.1% EBITDA Q4 61 MSEK (51) DENMARK Organic gro
Slide 6: New stores – successful establishments in small cities
New stores – successful establishments in small cities Rolling 12-months actuals (MSEK) – selected stores Store Opening/Upgrade month Sales EBITDA* Comment Store Opening/Upgrade month Sales EBITDA* Comment Synsam Norrmalmstorg 2019-03 72 29 Profil Optik Roskilde** 2022-12 12 4 B I Synsam Hötorget**
Slide 7: Rate of establishments is ahead of schedule
Rate of establishments is ahead of schedule Number of establishments 46 37 26 22 2021 2022 2023 2024 2025 2026 2021-2023: 2024-2026: Total: 85 stores 2024: 46 stores Goal: 90 stores Goal: 90 stores Q4 2024 RESULTS | 7
Slide 8: Net sales cash – continued growth
Net sales cash – continued growth Positive development in net sales cash*, which amounted to 3 024 MSEK 2024 Net sales cash (MSEK) 3024 2897 2663 2533 2411 2251 2019 2020 2021 2022 2023 2024 Q4 2024 RESULTS | 8 *Cash sales comprises net sales from the categories of in-store sales, contact lens sub
Slide 9: Good net growth in Synsam Lifestyle
Good net growth in Synsam Lifestyle Churn and customer growth remains stable Churn 2,60% 2,69% 2,33% 2,51% 2,26% 2,20% 2,12% 2,17% 2,11% 2,17% 2,28% 2,06% 2,04% 1,87% 1,87% 1,86% Synsam Lifestyle represents 53% of total net sales Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2021 2022 2023 2024 Ac
Slide 10: Synsam's contact lens subscription positive development
Synsam’s contact lens subscription positive development Contact lens subscription sales* (MSEK) +11% +68% 415 375 +32% +38% 223 +50% 169 +283% 123 82 21 2018 2019 2020 2021 2022 2023 2024 Q4 2024 RESULTS | 10 *Included as part of net sales cash
Slide 11: Synsam Lifecycle – our unique circular business model
Synsam Lifecycle – our unique circular business model - extends the lifespan of our products 1. Sustainable design 2. Rental of products With our own brands and production, Synsam’s subscription model enables we ensure sustainability from the more people to take care of their design stage – both in
Slide 12: Financial development
FINANCIAL DEVELOPMENT &) s¥NSAM GROUP
Slide 13: Long term financial development – strong trend
Long term financial development – strong trend Net sales development Adjusted EBITDA, adjusted EBITA and EBIT 7 650 +23% 1 900 development +20% +13% +12% +9% 26,9% 26,0% 6 650 24,5% 1 700 26,0% +11% 24,6% 6 435 +0% 24,1% +2% 1 500 1 595 5 650 5 905 22,8% 1 440 20,0% 1 300 5 277 -+20% 4 650 1 274 4 6
Slide 14: Lower Net debt/Adjusted EBITDA
Lower Net debt/Adjusted EBITDA Cash flow from operating activities before changes in Cash flow from operating activities before changes in working capital working capital increased to 1 220 MSEK (1 076) for 1076 1220 full year 2024 246 302 Cash flow from operating activities amounted to 933 MSEK
Slide 15: Summary
SUMMARY ©) s¥NSAM GROUP
Slide 16: Summary – Record year 2024
Summary – Record year 2024 Stable and profitable growth in line with our strategy and our financial targets Strong organic growth in Q4 of 10.1%, in a more restrained economic cycle Synsam Lifestyle increased 16% in Q4, with a net inflow of 20 000 new customers Synsam’s cash business increas
Slide 17: www.synsam.com
www.synsam.com