Q4 2024

• Adjusted EBITA amounted to SEK 401m (326)
• Operating profit amounted to SEK 112m (1,206)
• Operating profit was impacted by non-recurring items of SEK -256m (+882)
• The Group posted a loss for the period of SEK -144m (profit: 980)
• Adjusted diluted earnings per share amounted to SEK 0.05 (0.15)
• Diluted earnings per share amounted to SEK -0.71 (1.45)
• Cash flow from operating activities amounted to SEK 1,403m (882)

Full-year 2024

• Adjusted EBITA amounted to SEK 2,329m (2,244)
• Operating profit amounted to SEK 1,670m (3,010)
• Operating profit was impacted by non-recurring items of SEK -535m (+882)
• Profit for the period amounted to SEK 662m (2,006)
• Adjusted diluted earnings per share amounted to SEK 2.36 (2.43)
• Diluted earnings per share amounted to SEK 0.76 (3.72)
• Cash flow from operating activities amounted to SEK 3,445m (4,275)
• Adjusted leverage excluding finance leases amounted to 1.2x (1.1x)
• Leverage excluding finance leases was 1.3x (0.7x)
• The Board of Ratos proposes a dividend for full-year 2024 of SEK 1.35 per share (1.25)

Significant events during and after the end of the quarter

• The legalities of the merger of Knightec and Semcon were completed on 19 November when Knightec HoldCo (Knightec Group) acquired the shares in Semcon
• HENT and SSEA Group were merged to form the joint parent company Sentia. HENT and SSEA Group are continuing to operate under their own brands in Norway and Sweden, but as subsidiaries of Sentia. Sentia marks the creation of a leading Nordic construction group with a focus on public sector and major private sector customers
• Ratos acquired KB Gruppen’s 24% minority holding in the Norwegian infrastructure maintenance company Presis Infra. With this transaction, Ratos strengthened its holding from 72% to 97%. The purchase price for the minority holding amounted to SEK 895m
• At the end of December, Plantasjen submitted proposals for debt settlements with its creditors. These proposals were accepted by the majority of the creditors and were approved by the respective courts in Norway and Sweden on 16 January. Once the courts’ decisions have gained legal force, Plantasjen can exit the reconstruction, which is expected to occur on 18 February 2025.

“Adjusted EBITA increased 23% in the quarter, cash flows were strong and the margin improved in a continued cautious market. For full-year 2024, adjusted EBITA increased 4% with strong cash flows and improved margin. Our core business, which excludes the Consumer business area, reports greater EBITA growth and a margin of 9% for the quarter. We have now begun to see results from our work aimed at a more profitable and consolidated group. The merger of Semcon and Knightec (Knightec Group) is creating synergies, as is the merger of HENT and SSEA Group (Sentia). The reconstruction of Plantasjen were approved by the courts in January and is expected to gain legal force on 18 February.”
Jonas Wiström, President and CEO, Ratos

A presentation of the interim report will be held today at 09.00 a.m. CET. The presentation will be held in English and will also be available as a webcast on Ratos website, www.ratos.com.

The presentation can be followed on Youtube via the following link;
https://youtube.com/live/EmJFSRXhf7k?feature=share

Participants who wish to ask questions live are asked to pre-register, please send an e-mail to helena.jansson@ratos.com in advance for a personal invitation.

Representatives of the media are welcome to contact Josefine Uppling, Vice President Communication, for interview requests.

Stockholm 17 February 2025
Jonas Wiström
President and CEO