Year-end report 2024
Fourth Quarter of 2024
Plejd AB (publ)
Fourth Quarter (Oct–Dec 2024)
Net sales amounted to TSEK 203,991 (161,868), which is an increase of 26.0 % compared to the same period last year.
The gross margin amounted to 55.1 % (51.9).
Operating profit before depreciation (EBITDA) amounted to TSEK 71,155 (44,520), which corresponds to an operating margin before depreciation of 34.9 % (27.5).
Operating profit (EBIT) amounted to TSEK 54,039 (29,325), which corresponds to an operating margin of 26.5 % (18.1).
Earnings per share before dilution amounted to SEK 3.82 (2.01).
(Comparative figures in parentheses refer to the corresponding period in the previous year.)
Jan–Dec 2024
Net sales amounted to TSEK 662,334 (513,387), which is an increase of 29.0 % compared to the same period last year.
The gross margin amounted to 53.6 % (54.4).
Operating profit before depreciation (EBITDA) amounted to TSEK 202,627 (115,032), which corresponds to an operating margin before depreciation of 30.6 % (22.4).
Operating profit (EBIT) amounted to TSEK 134,518 (59,520), which corresponds to an operating margin of 20.3 % (11.6).
Earnings per share before dilution amounted to SEK 9.36 (4.11).
(Comparative figures in parentheses refer to the corresponding period in the previous year.)
Comments from the CEO
We are closing the year with a very strong fourth quarter, with an organic growth of 26 % and a significant improvement in the operating margin. The improvement in the operating margin is primarily driven by leverage created as the cost base has remained relatively stable in relation to revenue growth. We expect this positive trend to continue in the coming year.
During the quarter, we launched two new products that further strengthen our position in international markets.
TRM-01, a thermostat that is expected to be a bestseller, with Norway as the initial key market. As the demand has been higher than expected, we will prioritize deliveries to Norway in Q1 2025, followed by Sweden and other markets.
VRI-03, a universal dimmer primarily targeting the European market, where we see greatest initial potential in the Netherlands. The product makes it possible for electricians in the Netherlands to use Plejd as standard for lighting control.
The successful launches during the year and new product categories open up the way for continued strong growth with increased market potential. We also see how other markets begin to gain speed with the Netherlands in the lead.
Finally, I would like to send a huge thank you to the team for a fantastically performed year. We look forward to continuing our multidimensional journey and build further on our successes during 2025.
Babak Esfahani
CEO
For further information
Phone: +46 (0) 10 207 89 01
E-mail: investor@plejd.com
About the company
Plejd is a leading Nordic supplier of smart lighting and other smart products. By focusing on the user experience, Plejd makes smart solutions easy and available to everyone.