Overview of Operating Results - Consolidated net sales for 2024 were € 7.59 million, a decrease of 1.5% compared to 2023 sales of € 7.71 million [2] - Sales revenue from the production of fibreboard was € 7.57 million in 2024, remaining stable compared to € 7.66 million in 2023 [2] - The loss of sales from a major Danish customer was compensated by growth in orders from industrial customers and new customers in 2024 [2] - Main markets, including Finland, Sweden, and the Baltics, maintained stable sales levels, while sales to Asian and African markets showed growth [2] - Sales revenue from real estate management was € 25 thousand in 2024, down from € 47 thousand in 2023 [2] Financial Performance - Consolidated EBITDA for 2024 was negative € 0.03 million, a significant decrease from positive € 0.58 million in 2023, with an EBITDA margin of 0% [3] - The decrease in EBITDA was primarily due to the revaluation of investment properties in 2023, which provided a one-time income of € 404 thousand [3] - The factory faced a forced shutdown in December 2024 due to adverse weather conditions, impacting personnel and maintenance costs [3] - The consolidated net loss for 2024 was € 0.79 million, compared to a net loss of € 0.68 million in 2023 [4] Consolidated Statement of Financial Position - Total assets as of December 31, 2024, were € 8,252 thousand, down from € 8,505 thousand in 2023 [5][6] - Current assets decreased slightly to € 1,248 thousand from € 1,269 thousand in 2023 [5] - Total liabilities increased to € 4,636 thousand in 2024 from € 4,103 thousand in 2023, with borrowings rising to € 1,111 thousand [6] Consolidated Statement of Profit or Loss - Revenue for 2024 was € 7,592 thousand, down from € 7,704 thousand in 2023 [7] - Gross profit decreased to € 771 thousand from € 894 thousand in 2023 [7] - Operating loss for 2024 was € 547 thousand, compared to a loss of € 316 thousand in 2023 [7] - Basic and diluted earnings per share for 2024 were both negative € 0.17, compared to negative € 0.15 in 2023 [7]