The last quarter of the year marked the beginning of a new era for Safello, says Safello CEO Emelie Moritz of Safello, and shares lofty ambitions for 2025: a further business area, international expansion and the drive towards becoming a crypto bank.
Safello, CEO Emelie Moritz and CFO Viktoria Berglund Blohmé today presented the company's results for the fourth quarter of 2024 and for the whole of 2024, after they issued a reverse profit warning in mid-January-
“The last quarter of the year marked the beginning of a new era for Safello, with a record result driven by increased optimism in the crypto market. As bitcoin passed $100,000, our focus remained on regulatory compliance, product development, a broader range of cryptocurrencies, while entering into strategic agreements with global liquidity providers,” Moritz said in a press release, and continues:
In addition, we have added top talent to the team and advanced technology to launch an improved trading experience in 2025. During the year, we will work actively to establish an additional business area and expand internationally, while striving towards our vision of becoming the next generation crypto bank,” said Emelie Moritz.
The fourth quarter in summary (Oct-Dec 2024)
● Net sales increased by 40% to SEK 241.3 million (171.9)
● Gross profit increased by 118% to SEK 20.3 million (9.3), of which profit on sale of long-term crypto assets accounted for SEK 1.5 million (0.0)
● Operating profit before depreciation and impairment (EBITDA) amounted to SEK 7.6 million (0.1).
Jan-Dec 2024:
● Net sales increased by 37% to SEK 767.0 million (561.1)
● Gross profit increased by 46% to SEK 52.3 million (35.7), of which profit on sale of long-term crypto assets accounted for SEK 3.0 million (0.0)
● Operating profit before depreciation and impairment (EBITDA) amounted to SEK 9.9 million (-2.0)
Below you can also see Safello's presentation on X / Twitter.
The last quarter of the year marked the beginning of a new era for Safello, says Safello CEO Emelie Moritz of Safello, and shares lofty ambitions for 2025: a further business area, international expansion and the drive towards becoming a crypto bank.
Safello, CEO Emelie Moritz and CFO Viktoria Berglund Blohmé today presented the company's results for the fourth quarter of 2024 and for the whole of 2024, after they issued a reverse profit warning in mid-January-
“The last quarter of the year marked the beginning of a new era for Safello, with a record result driven by increased optimism in the crypto market. As bitcoin passed $100,000, our focus remained on regulatory compliance, product development, a broader range of cryptocurrencies, while entering into strategic agreements with global liquidity providers,” Moritz said in a press release, and continues:
In addition, we have added top talent to the team and advanced technology to launch an improved trading experience in 2025. During the year, we will work actively to establish an additional business area and expand internationally, while striving towards our vision of becoming the next generation crypto bank,” said Emelie Moritz.
The fourth quarter in summary (Oct-Dec 2024)
● Net sales increased by 40% to SEK 241.3 million (171.9)
● Gross profit increased by 118% to SEK 20.3 million (9.3), of which profit on sale of long-term crypto assets accounted for SEK 1.5 million (0.0)
● Operating profit before depreciation and impairment (EBITDA) amounted to SEK 7.6 million (0.1).
Jan-Dec 2024:
● Net sales increased by 37% to SEK 767.0 million (561.1)
● Gross profit increased by 46% to SEK 52.3 million (35.7), of which profit on sale of long-term crypto assets accounted for SEK 3.0 million (0.0)
● Operating profit before depreciation and impairment (EBITDA) amounted to SEK 9.9 million (-2.0)
Below you can also see Safello's presentation on X / Twitter.
