Pamica Group AB – Year-end Report January – December 2024

Fourth quarter 2024

  • Net sales increased 20% to MSEK 1,275.5 (1,063.3).
  • Adjusted EBITA increased 74% to MSEK 74.7 MSEK (42.9), corresponding to an adjusted EBITA margin of 6% (4).
  • Profit for the period amounted to MSEK –323.3 (–81.2). Profit was charged with impairment of goodwill of MSEK –260.1.
  • Diluted earnings per share for continuing operations amounted to SEK –3.31 (–0.77).
  • Cash flow from operating activities amounted to MSEK 176.3 (76.7).
  • The Group’s cash and cash equivalents and unutilized credit facilities amounted to MSEK 322.3 (301.0) on December 31, 2024.

January 1 – December 31, 2024

  • Net sales increased 29% to MSEK 4,627.6 MSEK (3,574.9).
  • Adjusted EBITA increased 33% to MSEK 355.8 (266.7), corresponding to an adjusted EBITA margin of 8% (7).
  • Profit for the period amounted to MSEK –371.4 (3.7). Profit was charged with impairment of goodwill of MSEK –489.6, where of MSEK –153.6 is referring to discontinuing operations.
  • Diluted earnings per share for continuing operations amounted to SEK –2.02 (0.19).
  • Cash flow from operating activities amounted to MSEK 466.2 (177.4).

Significant events during the quarter

  • Operating profit, EBIT, was charged with impairment of goodwill of MSEK 260.1 relating to three companies in the Industry segment and three companies in the Services segment.
  • On November 29, Pamica Group issued senior secured bonds for a total nominal amount of MSEK 1,200 under a framework amount of MSEK 2,000. The bonds have a term of three years and carry a floating interest rate of 3-month STIBOR plus 550 basis points.

Significant events after the period

  • On January 30, 2025, Pamica Group’s bonds were admitted to trading on the Transfer Market segment of the Nasdaq First North Bond Market.
  • On January 31, 2025, Pamica Group AB signed a share transfer agreement to sell all shares in Safe Solutions. The sale of the shares in Safe Solutions had no material impact on the Group’s earnings or cash flow.
  • On February 20, 2025, Pamica Group announced that its subsidiary Eskilstuna Dynamics Holding AB (EDAB) had received a notice of arbitration from the SCC Arbitration institute regarding a claim of MSEK 50 for alleged breach of the SPA. Both EDAB and Pamica assess the claim as unfounded and will therefore contest it.

Webcast
On February 25 at 10.00 a.m. CET, CEO Jan-Olof Svensson and CFO Anders Maiqvist will hold a presentation for Pamica Group’s owners and other stakeholders and answer questions. If you want to participate through the webcast, use the following link. It will be possible to submit written questions during the webcast. https://pamica.events.inderes.com/q4-report-2024/register

If you want to ask questions verbally via the teleconference, register using this link
https://events.inderes.com/pamica/q4-report-2024/dial-in

Interim reports
The complete January–December 2024 Year-end Report will be available on https://www.pamica.se/sv/investerare/

Contacts
Jan-Olof Svensson, CEO, janolof.svensson@pamica.se, +46 733 730 080
Anders Maiqvist, CFO, anders.maiqvist@pamica.se, +46 739 37 24 36
Johan Hähnel, IR, johan.hahnel@pamica.se, +46 706 056 334

About Pamica Group
Pamica Group acquires small and medium-sized companies, develops them together with successful entrepreneurs, makes them long-term successful and thereby creates value and prosperity. The group has an eternal ownership horizon with high growth ambitions – through organic growth, add-on acquisitions and by increasing the number of platform companies.

We were created by over 200 Swedish entrepreneurs who built companies themselves and who with their broad network, industrial competence and business acumen contribute to our companies’ development. Together with management and employees, we create what we call Great Companies. The group, with headquarters in Halmstad, Sweden, includes 18 companies.

This information is information that Pamica Group is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2025-02-25 07:00 CET.

Attachments
Pamica Group Year End Report 2024