Kinnevik AB Q4 2024 Earnings Call: Key Insights
On February 4, 2025, at 4:00 AM ET, Kinnevik AB (OTCPK: KNVKF) held its Q4 2024 earnings call. The call was led by Georgi Ganev, CEO, Samuel Sjöström, CFO, and Torun Litzén, Director of Corporate Communications. Linus Sigurdson from DNB Markets, Derek Laliberte from ABG Sundal Collier, Andreas Joelsson from Carnegie, Oskar Lindstrom from Danske Bank, and Stefan Wård from Pareto Securities participated in the call.
Financial Highlights
Georgi Ganev began the call by discussing the financial highlights of the quarter. He mentioned that Kinnevik’s net sales increased by 12% year-on-year, reaching SEK 2.3 billion. The operating income also grew by 15% to SEK 1.2 billion, while the operating margin remained stable at 53%. The net profit for the quarter was SEK 852 million, which was a significant increase from the previous year’s SEK 533 million.
Operational Developments
Samuel Sjöström then provided an update on the operational developments at Kinnevik. He mentioned that the company’s e-commerce portfolio, which includes Zalando, JD.com, and MTG, continued to perform well. Zalando’s net sales grew by 15% year-on-year, while JD.com’s net sales increased by 20%. MTG reported strong growth in its pay-TV and streaming services, with a 12% increase in subscribers. Torun Litzén also highlighted the successful launch of Klarna in the US, which has already reached 2 million users.
Impact on Individual Investors
The strong financial performance of Kinnevik in Q4 2024 is likely to positively impact individual investors who hold shares in the company. The increase in net sales, operating income, and net profit is a clear sign of the company’s growth and financial health. Additionally, the continued success of Kinnevik’s e-commerce portfolio and the successful expansion of Klarna in the US are promising developments for the future.
Impact on the World
The strong financial performance of Kinnevik and the continued growth of its e-commerce portfolio are significant developments in the global retail industry. The shift towards online shopping, which was accelerated by the COVID-19 pandemic, is expected to continue. Kinnevik’s success in this area is likely to encourage other retailers to invest more in e-commerce and digital transformation. Additionally, the successful expansion of Klarna in the US is a sign of the growing popularity of buy now, pay later services, which could disrupt traditional credit card payments.
Conclusion
In conclusion, Kinnevik AB’s Q4 2024 earnings call highlighted the company’s strong financial performance and operational developments. The increase in net sales, operating income, and net profit, as well as the continued success of its e-commerce portfolio and the successful expansion of Klarna in the US, are promising signs for the future. These developments are likely to positively impact individual investors and have a significant impact on the global retail industry as a whole.
- Kinnevik reported strong financial performance in Q4 2024
- Net sales increased by 12% year-on-year to SEK 2.3 billion
- Operating income grew by 15% to SEK 1.2 billion
- Net profit was SEK 852 million, up from SEK 533 million in the previous year
- E-commerce portfolio, including Zalando, JD.com, and MTG, continued to perform well
- Klarna successfully expanded to the US and reached 2 million users
- Impact on individual investors is positive due to the company’s growth and financial health
- Impact on the global retail industry is significant, with a continued shift towards online shopping and the growing popularity of buy now, pay later services
