Second quarter, October - December 2024 in summary

• Net sales totalled € 129.0 million (8.9).
• Gross profit amounted to € 3.7 million (0.4) with a gross margin of 2.9% (4.8%).
• Adjusted EBITDA was € 1.3 million (-1.6).
• EBIT totalled € 1.2 million (-4.6).
• Basic earnings per share amounted to 0,01 EUR (-0,04).

Six months period, July – December 2024 in summary

• Net sales totalled € 204.7 million (13.8).
• Gross profit amounted to € 6.1 million (0.6) with a gross margin of 3.0% (4.6%).
• Adjusted EBITDA was € 1.6 million (-2.7).
• EBIT totalled € 1.2 million (-6.5).
• Basic earnings per share amounted to 0.01 EUR (-0.06).

Events during the quarter

• Valuno commented on an article in Dagens Nyheter that contained inaccuracies about the company.
• A financial update was announced, reporting that revenue for the first quarter of ‘24/25 was expected to increase by approximately 45% compared to the fourth quarter of ‘23/24.
• The product Quickbit Corporate Wallet, aimed at businesses, was launched to expand the B2B offering.
• Head of Compliance, Elvira V.nerfors, was promoted to Head of Legal & Compliance.
• The Annual report for the financial year ‘23/24 was published and the Annual General Meeting for 2024 was held.
• Valuno reported strong revenue for October, reaching an all-time high on an annual basis.
• Valuno convened an Extraordinary General Meeting with a proposal to change the company name.
• Valuno announced a new strategy to streamline operations in order to optimize expansion, growth, and innovation.
• Valuno participated in Redeye’s Blockchain & Crypto theme event.
• Valuno announced that revenue for November continued to show strong growth.

Events after the quarter

• It was decided at an Extraordinary General Meeting to change the company name from Quickbit eu AB (publ) to Valuno Group AB (publ), which was later approved by the Swedish Companies Registration Office.
• Valuno announced that revenue for December and January continued to show strong growth.

Comments by the CEO – A new era of growth and success

I am proud that we are delivering yet another strong quarter and reaching new milestones. We continue to grow and develop while adapting the company to our new strategy as part of our journey. 

During the second quarter, we achieved net revenue of € 129.0 million (8.9), representing a 1,346% growth compared to the same quarter last year and 70.3% compared to the previous quarter. We are also strengthening our profitability, reaching € 1.2 million in net profit for the quarter. 

It is with great joy that I can announce to all shareholders, the board, and employees that the company’s revenue growth has now reached an all-time high. Never before has the company generated such high revenue in a single quarter! 

There are moments in a company’s journey that define its future. We are in the middle of such a moment right now. For the first time, we are showing positive figures and making a profit – a result of hard work, strategic focus, and strong belief in our vision. Our remarkable growth in Q2 2024 is proof that we are on the right path and that our strategy is yielding results. 

More and more customers are choosing us. Even more importantly – they are coming back. We see transaction volumes increasing and our platform becoming a natural partner for our customers. This is no coincidence. We have improved our ability to listen to the market, understand its needs, and deliver solutions that truly make a difference. Our products are maturing, interest is growing, and we see stable demand from both existing and new customers. 

One of our greatest strengths is our ability to scale the business in a smart and profitable way. We have successfully addressed different customer types across various jurisdictions, each with distinct regulatory requirements – while maintaining our margins. This is a testament to our adaptability, innovative power, and sharp operational strategy. We are building a company that not only grows fast but also grows sustainably. 

The journey we have undertaken over the past two years is extraordinary. I dare to say that no other Swedish company has executed such a successful turnaround as we have. We have transformed into a completely new company – with a competent and strong team, better and smarter solutions, and a clear strategy for the future. 

Beyond our continued growth journey, we have accomplished a lot in the past quarter. This includes the launch of our latest product, Corporate Wallet, a company name change, and the introduction of a new strategy. In my previous message, I mentioned that we have high expectations for our Corporate Wallet, a crypto wallet designed for businesses. We are convinced that this product is timely and highly relevant, enabling companies to manage crypto assets – something that is becoming increasingly in demand as crypto assets play a growing role in the financial system. 

Now, the company is well-positioned to capitalize on a rapidly growing market where digital assets are becoming an increasingly significant part of the global economy. We are expanding beyond a singular crypto focus and building a platform for the future – a future where we are a key player in a transforming digital world. 

We are just getting started. And we are doing it with strength, energy, and a strong belief in the future. 

Daniel Sonesson
CEO, Valuno Group





For further information, please contact:
Daniel Sonesson, CEO 
+46 (0)10-2045431
ir@quickbit.com  

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Valuno is a Swedish fintech company founded in 2016, with the goal of making the integration of cryptocurrencies into the everyday lives of people and companies smoother. Today, Valuno offers safe and easy-to-use products for e-merchants as well as customers. With a transaction volume to date in excess of €1 billion, Valuno has already enabled and empowered individuals around the world, through the use of cryptocurrencies. Valuno has been listed on NGM Nordic SME since July 2019. For more information, please visit www.investor.valuno.com.