Financial Highlights of Sláturfélag Suðurlands for 2024 Revealed
Performance Overview for 2024
In the latest report, Sláturfélag Suðurlands has announced its financial results, demonstrating impressive growth compared to the previous year. The total operating revenue for 2024 reached 17.748 billion krónur, a significant increase from 17.143 billion krónur in 2023. This reflects a robust upward trend in their financial performance.
Profit Analysis
The company reported a net profit of 872 million krónur for the year, up from 792 million krónur in 2023. This growth can be attributed to improved market conditions in the hospitality and retail sectors, alongside a reduction in financial expenses and an increase in financial income, which collectively contributed to the enhanced profitability.
Detailed Financial Metrics
EBITDA for the year was reported at 1.685 billion krónur, compared to 1.787 billion krónur the previous year. The total equity stood at 8.227 billion krónur, resulting in an equity ratio of 59%. These figures indicate a solid financial standing for the company.
Cost Management Strategies
In terms of expenditures, the utilization of materials and packaging amassed 8.678 billion krónur, up from 8.484 billion krónur in the prior year. Employee expenses increased by 7.7%, totaling 4.601 billion krónur, while other operational costs rose by 4.9% to reach 2.898 billion krónur. Despite these increases, there was a notable decrease in depreciation by 4.1%, demonstrating effective cost management.
Asset and Liability Overview
As of December 31, 2024, the total assets of Sláturfélag Suðurlands amounted to 13.870 billion krónur, with a solid equity ratio of 59%, up from 53% the previous year. Additionally, the company's liquidity ratio was reported at 2.6, reflecting strong financial health and capability to meet short-term obligations.
Investment and Growth Initiatives
During the fiscal year, the company invested 645 million krónur in permanent operational assets. This includes 180 million krónur into real estate and 465 million krónur into machinery and vehicles, underscoring Sláturfélag Suðurlands' commitment to enhancing its operational efficiency and capacity for future growth.
Shareholder Updates
The board approved a dividend payout of 18.01% from the B share fund, amounting to 36 million krónur, which highlights the company's commitment to returning value to its shareholders. This will be accompanied by a proposed interest of 10% on the A-share fund total amounting to 40 million krónur.
Outlook and Future Expectations
The financial condition of Sláturfélag Suðurlands remains stable, with key indicators pointing towards continued positive performance. The agricultural sector is anticipated to see growth, but challenges remain, notably from increased imports of meat products which could impact profitability in the future.
Strategic Position in the Market
The company’s performance in the food industry is robust, with further investment in modern equipment to boost production efficiency. Their brand reputation in the market is strong, creating a solid foundation for continued expansion as a leading entity in the meat market.
Opportunities for Development
Sales across imported goods, food products, and agricultural supplies showed significant gains compared to the previous year. With ongoing partnerships with leading industry producers, Sláturfélag Suðurlands is well-positioned to harness future growth opportunities.
Frequently Asked Questions
1. What were the total revenues for Sláturfélag Suðurlands in 2024?
The total operating revenues were 17.748 billion krónur, up from 17.143 billion krónur in 2023.
2. How did the net profit change from 2023 to 2024?
The net profit increased from 792 million krónur in 2023 to 872 million krónur in 2024.
3. What is the equity ratio of Sláturfélag Suðurlands as of 2024?
The equity ratio is reported to be 59% for the year 2024.
4. What investments were made by the company during the year?
Investments amounted to 645 million krónur, primarily in real estate and machinery.
5. When is the annual meeting scheduled for Sláturfélag Suðurlands?
The annual meeting will be held on March 21, 2025.
About The Author
Contact Dominic Sanders privately here. Or send an email with ATTN: Dominic Sanders as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.