Neovici Holding AB (NEO_B) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

It's Friday the 28th of February and I'm here with the CEO of Neovici, Jan Berggren. How are you? Good, thanks. How are you? I'm great. You have released your quarterly report for the fourth quarter and the whole year, 2024. How has it gone? It has gone well, I think. We have an exciting year ahead of us. It is a transformative year. We went to the stock market. We ended the year with an exciting acquisition. So, in terms of growth, if we think about revenue, it is not yet visible. But we have, so to speak, cracked in the manager, so that 2025 will be the year when it happens. That's right. If we dive into the figures for the report, you ended up with an increased turnover in Q4 of about 4% to almost 14 million and with 6% to 65.3 million for the whole year 2024. How should you look at those figures? Yes, everyone thinks that it should go faster. That would also make me happy. But we have focused on preparing for growth this year. We have put a lot of time on the stock market introduction. A lot of time has also gone into this acquisition. So we are still happy with the results. So 2024 was a year of transformation and investment. Is that how you should summarize it? in time and in the organization and also in terms of money. A big news during Q4, as you mentioned, was the acquisition of the IoT company Wraptech at the end of December. Would you like to tell us a little more about that business and how the shareholders should be able to interpret the importance of it? Yes, it is a trend in this vertical that we are doing. It is retail. Detail trade in Swedish. Detail trade and especially pharmaceutical stores. Where Wraptech has already established a customer base. It is interesting for us. But simplified we can say that Wraptech is good at hardware. We are good at s...