Foxway faced a challenging fourth quarter of 2024, with net sales reaching SEK 1,814.2 million, reflecting a decline of 7.5%, and organic growth decreasing by 8.3%. Adjusted EBITDA stood at SEK 196.3 million, translating to a margin of 10.8%, while adjusted operational EBITDA was SEK 87.1 million, with a margin of 4.5%. The operating result (EBIT) for the quarter was SEK -7.3 million, equating to a margin of -0.4%. Despite these headwinds, cash flow from operating activities remained positive at SEK 45.4 million, demonstrating the company’s commitment to maintaining financial stability.

For the full year, Foxway reported a solid performance, with net sales increasing by 6.1% to SEK 7,804.6 million, supported by 5.6% organic growth. Adjusted EBITDA for the year amounted to SEK 686.1 million, with a margin of 8.8%, while adjusted operational EBITDA reached SEK 303.4 million, reflecting a margin of 3.6%. The company’s operating profit (EBIT) stood at SEK 60.5 million, corresponding to a margin of 0.8%. Foxway also achieved robust cash flow from operating activities amounting to SEK 292.1 million, showcasing its ability to capitalise on growth opportunities while maintaining financial health.

The fourth quarter was marked by significant milestones that reinforced Foxway’s leadership in circularity. The company partnered with Tele2 to meet the rising demand for sustainable technology solutions and launched a new sustainability-focused website to foster transparency and innovation. Foxway also received recognition for excellence in client sales at the Dell Partner Awards and transitioned to new offices in Malmö, Gothenburg, and Stockholm, designed to enhance collaboration and efficiency. Additionally, the company made notable appearances at key events, including Techarenan Zero in Stockholm, where they addressed greenwashing in the circular economy, and the Web Summit in Lisbon, where they participated in multiple sustainability discussions. Looking ahead, Foxway continues to strengthen its position, becoming the first European partner in HP’s Certified Licensing Partner Program for refurbished computers while launching a webinar series through the Foxway Learning Academy to advance circularity education across the IT industry.

Patrick Höijer, CEO, stated that “The fourth quarter of 2024 marks the end of a transformative year for Foxway and the beginning of an exciting new chapter. The quarter has been particularly eventful and pivotal for us, where we continued to reduce our cost base, improved our market position and set a clear direction for our strategy and growth journey through to 2028. Our focus is now on executing this strategy, with the aim of solidifying our position as the leader in“circular tech”. Our ambition is to provide our partners and customers with the best services that help them to manage mobile phones, computers and other tech devices in a way that is both cost-efficient and more sustainable than anyone else on the market. In 2025 Foxway will continue to lead the way with a dedication to increase transparency and honesty around what is truly sustainable in tech.”