Asetek A/S (0QDT) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

thank you i'd now like to hand the call over to peter madison cfo you may now begin thank you ellie and thank you everybody for attending our q4 and annual 2024 earnings call and the board met yesterday and discussed the business and of course the reporting that we are about to give you now and then we affirmed the approval of the reporting this morning so we are good to go I'm Peter Madsen. I'm the CFO. I have here with me a somewhat impacted by influenza flu, André Slot-Eriksen, our founder and CEO. Good morning. Good morning. And we will be doing the presentation. And as the operator said, then there will be a verbal Q&A that you can participate in or you can type in your questions on your monitor in the app and then we'll see them right here. It's certainly up to you to decide how to do that. We'll proceed. There's a legal disclaimer. We will not go through it now, but you should read it. It is important. Andre, over to you. Yes, thank you. So diving right into Q4 of 24, our sim sports revenue grew 86% to a record 4.2 million on the back of the launch of our Invictus steering wheel and a few new distribution agreements that we published. Q4 liquid cooling revenue of 11.1. which was the highest quarter of the year. Q4 group level gross margin at just shy of 42% and the full year group revenue of 52.5 million and EBITDA breakeven in line with what we guided. We completed the rights issue in January 25 to strengthen our financial position and enable our continued investments in the SIM sports segments. For the full year of 24, we pretty much landed on our adjusted guidance or expectations with a full year group revenue in line of the adjusted guidance with an EBITDA margin of one in the lower end of the range, but nevertheless, a liquid cooling revenue of 42.8 milli...