Gentian Diagnostics: Fourth quarter 2024 report

12 Feb 2025 08:00 CET

Moss, 12 February 2025

Gentian Diagnostics ASA, a fast-growing developer and manufacturer of diagnostic
tests, today announced its results for the fourth quarter 2024.


Highlights

Record sales of NOK 42.6 million in 4Q24, up 14% vs 4Q23 (13% organic growth).
Revenue of NOK 152.1 million for the full year 2024, up 13% vs 2023 (13% organic
growth).

Sales of fCAL® turbo increased 34% in 4Q24 compared to 4Q23, and 42% in 2024 vs
2023.

Strong US sales growth of 101% in 4Q24 and 39% for the full year 2024 vs 2023.

Improvement of gross margin to 56%, up from 43% in 4Q23.

Significant EBITDA improvement to NOK 8.1 million in 4Q24 versus NOK -1.0
million in 4Q23. EBITDA of NOK 24.7 million in 2024 versus NOK 3.3 million in
2023.

Net profit of NOK 45.3 million including capitalisation of tax loss carried
forward of NOK 25.2 million.

The board proposes a dividend of NOK 0.40 per share due to a solid cash position
and sound underlying earnings with current growth opportunities fully financed.

The NT-proBNP assay development progressed as planned and further studies
indicated comparable performance to existing market leading assays.
Collaborations with clinical partners have been further strengthened, with
contracts finalized to secure access to additional clinical cohorts.



Webcast

The company will present the results today at 10.00 am, followed by a Q&A
session. The presentation will be held as a live webcast on the company's
website:

https://www.gentian.com//investor-relation/presentations

The webcast will also be available on the company website after the
presentation.


IR contact:

Njaal Kind, CFO
njaal.kind@gentian.no
+47 919 06 525 (mobile)


This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 in the Norwegian Securities Trading Act.

This stock exchange announcement was published by Ole Sørlie, Business
Controller at Gentian Diagnostics ASA, on 12 February 2025 at 08:00 CET.


About Gentian
Gentian Diagnostics (OSE: GENT), develops and manufactures high-quality, in
vitro diagnostic reagents. Gentian’s expertise and focus lies within
immunoassays, specifically for infections, inflammation, kidney failure and
congestive heart failure. By converting existing and clinically relevant
biomarkers to the most efficient automated, high-throughput analysers, the
company contributes to saving costs and protecting life. Gentian Diagnostics is
headquartered in Moss, Norway, serving the global human and veterinary
diagnostics markets through sales and representative offices in Sweden, USA, and
China. For more information, please visit www.gentian.com.

More information:
Access the news on Oslo Bors NewsWeb site

638353_GDASA Q4 24 presentation.pdf
638353_4Q 2024 report.pdf