ZITON A/S - interim report Q4 2024

24 Feb 2025 20:00 CET

Highlights of Q4 2024
• EBITDA amounted to EUR 8.6m in Q4 2024 compared to EUR 6.2m in Q4 2023, an
increase of 38%. The improvement was due to an increase in revenue reflecting
that J/U WIND ENERGY went on time charter with Siemens Gamesa at the end of
February 2024, as well as improved contribution from the three smaller vessels
due to a stronger market for major component replacements.
• On 7 January 2025, closing of the transaction was completed whereby Macquarie
Asset Management, (“Macquarie”) via Macquarie European Infrastructure Fund 7,
acquired all issued and outstanding shares of Zappy TopCo ApS and its
wholly-owned subsidiary ZITON A/S (“the Transaction”).
• The following sets out our KPI guidance for 2025:
o Weighted average utilisation rate. We expect a utilisation rate in the range
of 95-100%.
o EBITDA. We expect EBITDA to be in the range of EUR 60-65m.
o Cash flow from operating activities. We expect cash flows from operating
activities to be in the range of EUR 58-63m.
o CAPEX. We expect CAPEX EUR 24-28m including CAPEX for leg extension on J/U
WIND ENERGY.

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639578_ZITON - Q4 2024.pdf