Safello has today published a reverse profit warning as a result of materially increased EBITDA and operating profit in the fourth quarter of 2024.
The profit warning contains a preliminary EBITDA of SEK 7.6 million for Q4 2024. This represents an increase of SEK 7.5 million compared to Q4 2023, and SEK 8.0 million compared to Q3 2024.
The company's year-end report will be published on February 21, 2025. However, Safello chooses to release this preliminary result due to the strong increase in EBITDA and operating income in the fourth quarter of 2024.
Net sales in the fourth quarter of 2024 provisionally amounted to approximately SEK 241.3 million, representing an increase of 40 percent compared to Q4 2023 and 68 percent compared to Q3 2024.
The background for the increase in earnings in the fourth quarter of 2024 is mainly increased revenues attributable to a greater number of orders and higher volumes, as well as the strong price performance of Bitcoin and other crypto assets.
The fourth quarter has historically been one of the strongest quarters on an annualized basis, influenced by seasonality. Furthermore, the Company's performance is strongly linked to the current market situation for crypto assets, which may also in the future lead to fluctuations in the company's earnings between quarters in addition to seasonal variations.
We have previously also published Safello's results for the third quarter of 2024: Safello's turnover exceeds half a billion SEK. In connection with the launch of the industry association Blockchain Sweden, Kaupr was also able to report that Safello is now aiming to Expand outside of Sweden.
Safello has today published a reverse profit warning as a result of materially increased EBITDA and operating profit in the fourth quarter of 2024.
The profit warning contains a preliminary EBITDA of SEK 7.6 million for Q4 2024. This represents an increase of SEK 7.5 million compared to Q4 2023, and SEK 8.0 million compared to Q3 2024.
The company's year-end report will be published on February 21, 2025. However, Safello chooses to release this preliminary result due to the strong increase in EBITDA and operating income in the fourth quarter of 2024.
Net sales in the fourth quarter of 2024 provisionally amounted to approximately SEK 241.3 million, representing an increase of 40 percent compared to Q4 2023 and 68 percent compared to Q3 2024.
The background for the increase in earnings in the fourth quarter of 2024 is mainly increased revenues attributable to a greater number of orders and higher volumes, as well as the strong price performance of Bitcoin and other crypto assets.
The fourth quarter has historically been one of the strongest quarters on an annualized basis, influenced by seasonality. Furthermore, the Company's performance is strongly linked to the current market situation for crypto assets, which may also in the future lead to fluctuations in the company's earnings between quarters in addition to seasonal variations.
We have previously also published Safello's results for the third quarter of 2024: Safello's turnover exceeds half a billion SEK. In connection with the launch of the industry association Blockchain Sweden, Kaupr was also able to report that Safello is now aiming to Expand outside of Sweden.
