Safello reverses profit warning - ebitda preliminary at SEK 7.6 million in Q4
The figures show that the preliminary ebitda result comes in positive at SEK 7.6 million, an increase of SEK 7.5 million compared to the same quarter last year, and SEK 8.0 million better than the third quarter of 2024.
Preliminary operating profit amounted to SEK 7.1 million, an increase of SEK 4.7 million compared to Q4 2023, and SEK 8.0 million better than Q3 2024.
Revenue is expected to amount to SEK 241.3 million, corresponding to an increase of 40 percent on an annual basis, and 68 percent higher than Q3.
"The increase in earnings in the fourth quarter of 2024 is mainly due to increased revenue attributable to an increased number of orders and increased volume, as well as the strong price development of Bitcoin and other crypto assets. The fourth quarter has historically been one of the stronger quarters on an annual basis, affected by seasonal variations. The company's results are also strongly linked to the current market situation for crypto assets, which will continue to apply and may lead to fluctuations in the company's results between quarters, in addition to seasonal variations", Safello writes.
The year-end report will be published on February 21 as planned.
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