Genexis Group presents Q4 2024 financial report

Genexis Group’s net sales Q4 2024 were EUR 16.9 million, EUR 1.6 million higher than Q4 2023. Order intake was EUR 24.2 million, EUR 1.2 million above Q4 2023.

The consolidated adjusted EBITDA of Q4 2024 was EUR 1.6 million (EUR 0.7 million Q4 2023), and the operating cash flow after investment activities in Q4 2024 was negative by EUR -1.2 million.

“Our order intake is increasing steadily, but slowly. We continue to sign on new customers, but it takes considerable time before this materializes in increase in revenue. At the same time, the market continues to be slow in our core areas” says Genexis Group CEO Gerlas van den Hoven. “Market conditions are still on the slow side and revenue in Q4 2024 was stable at similar levels shown throughout the year.”

Gerlas van den Hoven, Genexis Group CEO adds: “Aligned with our strategy, we continue to invest in building of our presence in North America, together with maintaining and growing our positions in our European markets. Further we are expanding our share of wallet by offering a broader Connected Home product portfolio.”

You find the complete report at https://genexis.eu/investors/#financial

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Genexis Group AB (publ) is headquartered in Stockholm with operations through its subsidiaries in Europe. Genexis offers user-friendly and easy-to-install broadband products in the fiber-to-the-home and Wi-Fi segments. The products are based on market leading technology, have a patented design and are fully manageable using the company's CloudSight platform. Genexis Group also includes IOPSYS, the company behind IOWRT, an open source hardware-independent software that enables broadband operators to lower their TCO as well as offer next-generation services independent of CPE platforms.

For further information, please contact:
Magnus Björnum, CFO, Genexis Group
Tel: +46 707 100 208
E-mail: magnus.bjornum@genexis.eu