Brödernas publishes financial results for the fourth quarter and full year of 2024

February 28, 2025, 09.15 CET

Brödernas publishes financial results for the fourth quarter and full year of 2024

Brödernas Group AB (publ) hereby publishes the report for the fourth quarter (Q4) for the period 1 October - 31 December and full year of 2024. The report is available as an attached document and on the company's website (investors.brodernas.nu).

1 January - 31 December 2024

Net sales amounted to SEK 465m
EBITDA amounted to SEK 13m

1 October - 31 December 2024

Net sales amounted to SEK 111m
EBITDA amounted to SEK 2m

Pursuant to the terms and conditions for Brödernas Group AB (publ)'s senior secured callable fixed rate bonds, it shall ensure that net leverage ratio (net interest bearing debt to EBITDA) does not exceed 6.00x. For the reference period ending 31 December 2024, net leverage ratio (calculated in accordance with the terms and conditions for the bonds) is in excess of 6.00x. In addition to what's previously being stated, and due to the fact that Brödernas Group AB (publ) is in corporate restructuring proceedings and there are too many uncertainties in the organization to be able to determine the correct financial figures, the publication of the quarterly report does not contain a balance sheet or cash flow analysis, meaning that an event of default has occurred under the bond terms. Complete financial figures for 2024 will be published at latest in connection with the publication of the annual report.

http://www.rns-pdf.londonstockexchange.com/rns/8677Y_1-2025-2-28.pdf

For further information, please contact:

Richard Forsshéll, CEO

press@brodernas.nu 

This information is information that Brödernas Group AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted, through the provision of the specified contact person, for publication on 28 February 2025 at 09.15 CET.

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