Talenom’s Q4 revenue was €29.2 million, falling short of expectations and declining by 1.7% year-on-year. The acquisitions in Spain did not generate the expected growth, and revenue in Sweden decreased, leading to negative organic growth.
Operating profit was only €0.06 million, significantly weaker than expected, due to one-time costs and weak performance in Sweden. The adjusted operating profit margin was 0.2%, much lower than anticipated.
The board proposes a dividend of up to €0.20 per share, split into two payments. This exceeds the analyst’s expectation of €0.15 per share.