Summary of the fourth quarter (Oct-
- Net turnover increased by 18 % and amounted to
SEK 171.2 million (145.2). -
Gross profit increased by 17 % and amounted to
SEK 9.3 million (8.0). -
Operating profit before depreciation and amortization (EBITDA) amounted to
SEK 0.1 million (-2.0). -
Operating profit amounted to
SEK 2.3 million (-3.0). -
Net income in the period amounted to
SEK 2.3 million (-2.9). -
Earnings per share based on the average number of shares (20,449,600 shares) amounted to
SEK 0.11 (-0.14). -
Earnings per share based on the average number of shares after potential dilution (22,253,165 shares) amounted to
SEK 0.10 (-0.14). - The number of executed orders decreased by -21 % to 44,798 orders (56,884).
Summary of the full year (Jan-
- Net turnover decreased by -12 % and amounted to
SEK 561.1 million (634.9). -
Gross profit increased by 10 % and amounted to
SEK 35.7 million (32.4). -
Operating profit before depreciation and amortization (EBITDA) amounted to
SEK -2.0 million (-12.4). -
Operating profit amounted to
SEK -0.3 million (-21.5). -
Net profit/loss in the period amounted to
SEK -0.4 million (-21.5). -
Earnings per share based on the average number of shares (20,449,600 shares) amounted to
SEK -0.2 (-1.05). -
Earnings per share based on the average number of shares after potential dilution (21,783,475 shares) amounted to
SEK -0.02 (-1.00). - The number of executed orders in the period decreased by -15 % to 198,846 orders (232,802).
-
The Group had a cash balance of
SEK 17.3 million at year end (compared toSEK 21.3 million at year end 2022) and an additional 18 BTC (18) and 110 ETH (110) in liquid crypto-assets. The crypto-assets are booked at market value as of year end, which amounts toSEK 9.7 million (4.4). The investments in crypto-assets are mainly booked in the parent company's balance sheet.
Significant events during the quarter
- On
November 1 ,Safello entered into an agreement with a Swedish bank regarding Swish, which fromNovember 23 again enabled Swish as a payment method for buy orders onSafello 's platform. -
In November,
Safello entered into a partnership with theLund University School of Economics and Management for collaboration in conducting research within the field of cryptocurrencies. -
In December, transactions were made in the company's stock for a total of 1,375,425 shares at an average price of
SEK 2.1 per share, corresponding to 6.73 percent of the share capital and votes in the company. The CEOEmelie Moritz and Chairman of the BoardFrank Schuil participated in the transaction together with two private investors. Northzone, a venture capital fund, was the seller of the shares. -
As of
December 11 ,Safello terminated the agreement with the Swedish payment service provider Finshark with immediate effect. The agreement was entered into in July for the purpose of providingSafello with payment services. The services were never activated.
Significant events after the reporting period
Safello has entered into an agreement with theNordic Blockchain Association (NBA) about an official partnership. The NBA, which is a non-profit organization, is the largest professional web3 network in the Nordics. The organization is dedicated to fostering innovation and growth in the blockchain industry as well as facilitating the largest professional web3 network in the Nordics.-
In January,
Safello launched the feature to execute a sell order and receive a payment via Swish. In the past, when selling, customers have had their money paid out via traditional bank transfers, which meant that the transfer took at least one banking day. The new feature significantly improves the payout process onSafello 's platform, since all sell orders up toSEK 150,000 will be paid out approximately three times faster compared to before. -
As of February, the business relationship with
Handelsbanken has been completely terminated in accordance with what was previously communicated and Safellos has transitioned to its new Swedish banking partner. The migration took place in accordance to plan and without any negative operational impact.
"I'm proud to present a positive result for the fourth quarter, in line with the expectations of meeting the full effect of cost savings implemented in the past 18 months. During the fourth quarter the crypto market got renewed momentum and turned positive in combination with
For environmental and cost reasons,
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This information is such that
For more information, please contact
Viktoria Berglund Blohmé, Head of Finance, ir@safello.com
Certified Adviser
https://news.cision.com/safello/r/safello-publishes-year-end-report-2023-and-presents-positive-ebitda,c3932957
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