In This Article:
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Revenue Growth: 19% for Q4 and the full year 2024.
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EBITDA Margin: 26% for Q4; 25% for the full year 2024.
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ARR Growth: 30% for Q4 and the full year 2024.
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Dividend Proposal: SEK4 per share, totaling SEK53.2 million, representing 60% of net profit.
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Recurring Revenue: 65% of total revenue.
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Subscription Revenue Growth: 34% quarter-over-quarter; 33% over the last 12 months.
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Net Sales Growth: 19% for Q4 and the last 12 months.
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Sweden Revenue Growth: 24% for Q4; 21% over the last 12 months.
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Rest of Europe Revenue Growth: 13% for Q4 and the last 12 months.
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Adjusted EBITDA for Q4: SEK47.5 million, with a margin of 25.8%.
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Net Debt to EBITDA: 0.9%, below the target of less than 2.5%.
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Personnel Expenses: Increased by 19% for Q4 and 21% for the full year 2024.
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Operating Expenses: Increased by 24% for Q4 and 20% for the full year 2024.
Release Date: February 12, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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Lime Technologies AB (STU:LTX) reported a strong revenue growth of 19% for Q4, driven by increased subscription revenues.
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The company achieved an EBITDA margin of 26% for the quarter, aligning with its financial targets.
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Annual Recurring Revenue (ARR) grew by 30%, indicating a robust subscription model.
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The company has a diversified customer base, with no single customer contributing more than 1% of total revenue.
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Lime Technologies AB (STU:LTX) proposed an increased dividend of SEK4 per share, reflecting confidence in its financial position.
Negative Points
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The company faced a cyberattack on its sport admin platform, which represents 8% to 10% of its revenue.
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Growth in the rest of Europe was lower than expected, with only a 13% increase compared to 21% in Sweden.
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Operating expenses increased by 24% in the quarter, partly due to recent acquisitions and investments in growth.
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The German market remains challenging, particularly for the Lime Connect segment.
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Despite improvements, the company acknowledges the need for better results and market conditions remain varied across regions.
Q & A Highlights
Q: Can you give us some more information about the different markets? A: Nils Olsson, CEO, explained that the German market remains challenging, particularly for Lime Connect, due to the automotive industry's struggles. The Finnish market also shows similar conditions. However, there are positive signs in Sweden and Norway, with shorter sales cycles and optimism. Despite a tough market, Lime CRM has a strong pipeline in Germany for 2025.