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Surgical Science Sweden

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Year-end report 2024: STRONG END TO THE YEAR

MAR

FOURTH QUARTER 2024 (OCT – DEC)

Net sales amounted to SEK 251.5 (227.3) million, an increase of 11 percent compared with the corresponding period in the preceding year.

License revenue amounted to SEK 76.4 (75.9) million and accounted for 30 (33) percent of net sales.

The gross margin was 68 (71) percent.

Operating profit amounted to SEK 39.1 (37.7) million.

Net profit amounted to SEK 36.3 (98.0) million, corresponding to earnings per share of SEK 0.71 (1.92).

Cash flow from operating activities amounted to SEK 56.7 (39.6) million. Net cash (cash and cash equivalents less loans) as at December 31, 2024 amounted to SEK 732.7 million (634.4).

On December 19, a recommended offer was announced to acquire Intelligent Ultrasound in the UK for a value of approximately SEK 65 million on a cash and debt-free basis.

FULL YEAR 2024

Net sales amounted to SEK 884.1 (882.9) million, an increase of 0 percent compared with the preceding year.

License revenue amounted to SEK 271.7 (277.7) million and accounted for 31 (31) percent of net sales.

The gross margin was 68 (69) percent.

Operating profit amounted to SEK 144.3 (189.2) million.

Net profit amounted to SEK 131.6 (234.0) million, corresponding to earnings per share of SEK 2.58 (4.59).

Cash flow from operating activities amounted to SEK 137.2 (238.3) million.

Gothenburg, Sweden, February 19, 2025
Surgical Science Sweden AB (publ)

This report, in its entirety, is available through the attachment or via:
https://surgicalscience.com/aktien/pressmeddelanden/
https://surgicalscience.com/aktien/finansiella-rapporter/

This is a translation of the Swedish version of the year-end report. When in doubt, the Swedish wording prevails.

For further information, please contact:

Tom Englund, CEO
Telephone: +46-70-916 16 81
E-mail: tom.englund@surgicalscience.com

Anna Ahlberg, CFO
Telephone: +46-70-855 38 35
E-mail: anna.ahlberg@surgicalscience.com

About Surgical Science Sweden AB (publ)

One of the biggest challenges within healthcare globally is reducing injuries incurred during care. Medical education and training are key, especially as a large part of the training can now be performed outside the operating room. Surgical Science is a world leader in the development of virtual reality simulators for evidence-based training. The simulators enable surgeons and other medical specialists to train and improve their psycho-motor skills and instrument handling before entering the clinical environment. Alongside its own products, Surgical Science works with simulation solutions for medical device companies that develop instruments for clinical use, such as robotic surgery.

Surgical Science has approximately 270 employees. The company is headquartered in Gothenburg, Sweden and also has operations in Tel Aviv, Israel, as well as in Stockholm, Sweden and in Seattle and Cleveland, US. Through sales offices in the US and China as well as a global network of distributors, Surgical Science maintains a presence in most markets. Shares in Surgical Science Sweden AB (publ) are traded on Nasdaq First North Growth Market. Certified Adviser is Carnegie Investment Bank AB (publ).

This information is information that Surgical Science Sweden AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2025-02-19 07:30 CET.

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250219 Q42024 ENG

Datum 2025-02-19, kl 07:30
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